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August 13, 2026 / 1:12 PM EDT
/ CBS News
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In today's unique economic climate, a switch from your money market account may make a lot of sense. Here's why.
CDs and high-yield savings deliver 4.10-4.40% rates versus 3.90-4.00% money market yields; CDs provide rate certainty. Savers lacking check-writing requirements should reallocate while interest environment remains elevated through likely Fed rate pause.
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By
August 13, 2026 / 1:12 PM EDT
/ CBS News
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A money market account has multiple advantages for savers in today's unique economic climate.

Don't assume that your current savings account suffices. Here are three signs that it may be worth making a switch.

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Want to boost your savings with a high-rate account right now? Here are three ways you can do that this month.

Both accounts have unique advantages in today's economy. Here's what to consider before making a final decision.