While not always the case, overall, CD accounts tend to have higher interest rates than money market accounts. Right now, CD rates generally top out around 4.50%, according to Bankrate, while money market account rates are around 4.46% or lower.

CDs and high-yield savings accounts are both great places to keep your cash. Find out how your savings goals may determine which option makes you more money.

Money market accounts, savings accounts, and CDs can give your savings a boost by earning interest, all while keeping your money safe. This article originally appeared here and was republished with permission.

Depositing money into a CD could be a financial sacrifice worth making in today's high rate climate. Here's why.