economy
$75,000 CD vs. $75,000 High-Yield Savings Account vs. $75,000 Money Market Account: Which Will Earn the Most Interest Now?
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TL;DR
- A $75,000 deposit can earn between approximately $720 and $2,260 in a CD, high-yield savings, or money market account.
- High-yield savings and money market accounts have variable interest rates, while CDs have fixed rates.
- For a 3-month term, a high-yield savings account ($744.47) earned more than a 3-month CD ($720.79) or money market account ($720.79).
- For 6-month and 9-month terms, CDs were more profitable than high-yield savings or money market accounts.
- CD interest earnings are guaranteed, unlike variable-rate accounts whose earnings could increase if interest rates rise.