Considering a money market account now? Here are the types of savers who can benefit.

MoneyWatch: Managing Your Money Considering a money market account now? Here are the types of savers who can benefit. 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 April 21, 2026 / 3:08 PM EDT / CBS News Add CBS News on Google Putting money into a money market account could make sense for specific saver types right now. Milky Way/Getty Images The type of savings account you store your money in is always important. But in the economic landscape that many find themselves in this spring, it's arguably even more critical than usual to get it right. With stock market swings hard to predict, inflation at its highest level in years, and geopolitical tensions and overseas conflicts leaving elevated interest rates on hold, the type of savings account you utilize has come more into focus. And with the average rate on a traditional savings account just 0.38% now, it's increasingly obvious that that type isn't worth maintaining any longer.Fortunately, there are still some high-rate alternatives to consider. A money market account, in particular, is one of the more advantageous options for savers. But it won't necessarily be the right fit for all savers or even most. Instead, this account type will typically be most appropriate for specific savers, especially in today's economy. Below, we'll outline three types of savers who can benefit from this unique account type now.Start by seeing how much interest you could be earning with a money market account now.3 savers who can benefit from a money market a...