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Fortune
Fortune
Matt Becker, CFP®

CDs vs money market accounts: choosing the right savings account for you

A man and woman Black couple looking at a laptop sitting on a coffee table.

If there’s a silver lining to the inflation cramping all of our budgets, you can finally earn a decent rate of return on your savings.

And it’s not just regular savings. Certificates of deposit and money market accounts are alternatives to traditional savings accounts that can offer even better interest rates with little to no risk of losing value. But how do you decide which will give you the yield and flexibility you need? The answer comes down to how often you need to access your cash.

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