$70,000 CD vs. $70,000 high-yield savings account vs. $70,000 money market account: Which will earn more now?

MoneyWatch: Managing Your Money $70,000 CD vs. $70,000 high-yield savings account vs. $70,000 money market account: Which will earn more 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 June 5, 2026 / 1:41 PM EDT / CBS News Add CBS News on Google Interest on your $70,000 will grow differently based on the account it is kept in. Getty Images/iStockphoto If you have $70,000 sitting in your bank account right now, you may be overwhelmed with your options. You can use that money to make a significant down payment on real estate, for example. Or you can buy a high-end vehicle – with cash. You can also pay down high-rate debt, invest it in stocks, bonds or precious metals. Or, as many savers may be contemplating in today's inflationary economic environment, you can simply save it for the future.That said, $70,000 shouldn't just be deposited into any savings account. Savers will need to be strategic with where it's stored. And it certainly shouldn't be kept in a traditional savings account, which comes with a tiny average rate of just 0.38% now. Fortunately, there are three high-rate alternative accounts to consider right now: certificates of deposit (CDs), high-yield savings and money market accounts. All come with rates exponentially higher than a traditional account, and with a CD, in particular, the rate will be fixed, allowing savers to calculate their interest earnings with precision. To better decide on an account type, it helps to know the interest-earning potential each can...