$5,000 high

We may receive commissions from some links to products on this page.

Promotions are subject to availability and retailer terms.

March 16, 2026 / 2:24 PM EDT / CBS News
The choice between a high-yield savings and money market account can come down to user preference now.

Zen Rial/Getty Images
If you had a goal of saving up a few thousand dollars in recent years – and achieved it – you may now be ready to move on to the next step: searching for a profitable place to store it.

Unfortunately, this could prove to be more difficult than the actual savings part.

While there was no shortage of high-rate savings vehicles to explore in 2022 through 2024, there have been fewer obviously profitable options over the past year or so.

That's largely due to a series of interest rate cuts from the Federal Reserve , sparked in part by material drops in the inflation rate.

Start earning more interest on your money with a high-rate savings account now .

Calculating the exact interest earnings of either a high-yield savings or money market account will require some speculation as the account has a variable interest rate that will change over time, particularly over an extended period.

But with interest rate cuts seemingly on hold right now, perhaps for longer than initially anticipated, it can still be a good idea to open one or both of these accounts.

Here's how much interest each can earn in the remaining months of the year, assuming no withdrawals or deposits are made and that the interest rate on each remains constant:
Learn more about your top savings account options online today .