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Story summary
- A $90,000 CD earns $864.95 after three months at 3.90%, $1,826.47 after six months at 4.10%, $3,699.00 after one year at 4.11%, and $7,643.75 after two years at 4.16%.
- The Federal Deposit Insurance Corporation (FDIC) insures CD balances up to $250,000 per account, but early withdrawal can erase all earned interest.
- High-yield savings and money-market accounts provide comparable variable rates without lock-in, while traditional savings average only 0.38%.
