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.

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.

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.

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