$15,000 CD vs. $15,000 high-yield savings account vs. $15,000 money market account: Here's which is most profitable now

MoneyWatch: Managing Your Money $15,000 CD vs. $15,000 high-yield savings account vs. $15,000 money market account: Here's which is most profitable 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 6, 2026 / 12:21 PM EDT / CBS News Add CBS News on Google The amount of interest savers can earn with select accounts can still be considerable if opened right now. Glowimages Just $57. That's how much savers will earn in annual interest with a $15,000 deposit made into a traditional savings account now. With a barely noticeable average interest rate of 0.38%, rates here have actually declined, down from a 0.39% rate in March. Or, put another way, savers contemplating a $15,000 deposit into this account now can expect to earn a little more than $1 per week on their funds over the next year. But they don't have to.There are multiple high-rate savings account alternatives to consider now. And after the Federal Reserve kept interest rates on pause in its April meeting, and is likely to keep it frozen for the foreseeable future, savers can shop around for high-rate accounts with confidence, knowing that they're unlikely to drop during their search. There are three primary ones to consider for a $15,000 deposit now: a certificate of deposit (CD) account, a high-yield savings account and a money market account. All three come with competitive rates now, and all three will result in interest earnings exponentially higher than what the traditional savings account offers.But which, exactly, will...