$60,000 CD vs. $60,000 high-yield savings account vs. $60,000 money market account: Which earns more interest now?

MoneyWatch: Managing Your Money $60,000 CD vs. $60,000 high-yield savings account vs. $60,000 money market account: Which earns more interest now? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Matt Richardson Matt Richardson Sr. Managing Editor, Managing Your Money Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance. Read Full Bio Matt Richardson May 7, 2026 / 3:40 PM EDT / CBS News Add CBS News on Google $60,000 deposited into a CD will look different over the next year compared to high-yield savings and money market accounts. PM Images/Getty Images If you have a large five-figure amount of money, such as $60,000 in the bank right now, you may be thinking about how you can protect that principal and boost the interest on it. And while stock market investments can offer big returns, they can also offer big losses. That's something millions of American savers are understandably looking to avoid right now. With inflation surging again, higher interest rates on pause for at least the next few weeks (if not months) and rising everyday costs, the search for a safe and profitable home for your money has taken on new urgency.Fortunately, there are still multiple viable options to consider. While a traditional savings account with a minimal average rate of 0.38% now isn't one, there are three others to evaluate. Certificates of deposit (CDs), high-yield savings and money market accounts all come with rates around 4% or higher right now. But they operate in different ways and have different rates and structures, too, which will need to be understood before moving your $60,000 into one. To start, however, savers should begin with a fundamental questio...