$7,500 CD vs. $7,500 high-yield savings account vs. $7,500 money market account: Which will earn more now?

MoneyWatch: Managing Your Money $7,500 CD vs. $7,500 high-yield savings account vs. $7,500 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 May 18, 2026 / 2:55 PM EDT / CBS News Add CBS News on Google The interest-earning potential of CDs, high-yield savings and money market accounts is similar now, but not identical. Andrii Yalanskyi/Getty Images Certificates of deposit (CDs). High-yield savings accounts. Money market accounts. All three of these accounts offer effective ways for savers to grow their interest and protect their principal. They all come with interest rates around 4% or higher right now. And, accordingly, they're often viewed as smart homes for those savers looking to deposit a large, five-figure amount of money. But what about those savers with fewer funds to deposit? Let's say, for example, that you have $7,500 that you're looking to withdraw from a traditional savings account (with an average rate under 0.40%). Is it worth depositing this much money into one of these three alternatives instead? It still can be. And with the interest rate environment static now, but with the need for high-interest earnings savings vehicles pronounced, all three are worth serious consideration.To better decide on the merits of each, it helps to understand the interest each account is capable of earning on a $7,500 deposit. Below, we'll crunch the numbers that savers need to know.Start earning more interest on your money with a top high-yiel...