economy
$12,000 CD vs. $12,000 high-yield savings vs. $12,000 money market account: Here's which will earn the most now
We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.
TL;DR
- Depositing $12,000 into a CD, high-yield savings, or money market account can yield between $115 and $360 in the remaining months of the year.
- High-yield savings accounts may offer slightly higher earnings in shorter terms (3 months), while CDs (6 and 9 months) can be more profitable for longer durations.
- CDs offer fixed rates, providing guaranteed earnings, whereas high-yield savings and money market accounts have variable rates that can increase or decrease with market conditions.