$8,000 CD vs. $8,000 high-yield savings account: Which will earn more interest in one year?

MoneyWatch: Managing Your Money $8,000 CD vs. $8,000 high-yield savings account: Which will earn more interest in one year? 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 9, 2026 / 2:10 PM EDT / CBS News Add CBS News on Google An $8,000 deposit will grow differently in a CD than it will in a high-yield savings account over the next year. Getty Images/iStockphoto Whether you have tens of thousands of dollars saved right now – or a smaller amount such as $8,000 – you'll want to make sure that it's being kept in a secure and profitable location. And it's increasingly obvious that a traditional savings account, with a current average rate of just 0.38%, isn't that place. Investing it in stocks and bonds, meanwhile, could translate into big gains or large losses, as the stock market responds to geopolitical tensions, overseas conflicts and a rising inflation rate.In this climate, a certificate of deposit (CD) and a high-yield savings account merit serious consideration. Interest rates on both sit around 4% currently, and with a CD account, the rate will be fixed, allowing savers to calculate their long-term interest earnings with precision. Savers will need to forego access to their money to earn that rate, however, which is something they won't have to do with a variable-rate high-yield savings account. Before depositing your $8,000 into either account type, then, or before splitting your funds between both, it helps to know the interest-earning potential each presen...