Here's how much interest $75,000 will earn in a money market account this year
Interest earnings on a money market account of this size can be significant. Here's what savers need to know now.
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March 30, 2026 / 11:24 AM EDT / CBS News
With news this March that the Federal Reserve was again keeping its interest rate-cutting campaign on pause (for the second time this year) and with the need for safe and profitable savings accounts pronounced thanks to a stagnant fight with inflation and a rising unemployment rate, millions of savers may now be contemplating their account options. And a traditional savings account, with an average rate of just 0.39% now, isn't one of the better ones to pursue.
A money market account , on the other hand, could be a viable, flexible and lucrative option. Especially if you're looking to deposit a larger, five-figure amount such as $75,000 this year.
These accounts have competitive interest rates, won't require you to lock your money away (like a certificate of deposit will) and they'll even allow you to pay bills via a check-writing feature that most other savings accounts won't permit. Before getting started, however, it helps to know the interest-earning potential a $75,000 money market account now represents. And while that can be difficult to determine with precision thanks to a variable interest rate that will adapt to market conditions, savers can still secure an approximate idea of what they stand to make this year. Below, we'll crunch the returns that savers should consider now.
See how much interest you could earn with a top savings account here .