The gap between the returns on a $25,000 CD and a $25,000 high-yield savings account may surprise you.
MoneyWatch: Managing Your Money
$25,000 short-term CD vs. $25,000 high-yield savings account: Which will earn more this year?
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By
Angelica Leicht
The interest-earning potential of a short-term CD and a high-yield savings account is similar now, but not identical.
Have $10,000 in your savings account now? Here are three reasons why you should move into a CD account this month.
Looking to lock in a high-rate CD account this May? Here's where interest rates could be heading in the month.
CD rates are down from their highs but still offer solid returns.
Some money market funds yield over 3.5%, while certain certificates of deposit offer annual percentage yields of 4%.
The rates give savers another opportunity to lock in sweet yields in the event the Federal Reserve resumes its rate cuts.
