Certificates of deposit (CDs) and savings accounts are two ways to earn interest on your savings. Here's how to decide which is right for you.

6-month CD rates: If you're interested in a short-term CD with high yields, consider a six-month CD. The best rate today is 4.94%. The current average APY for a six-month CD is 1.63%, about the same as last week.

A CD will require losing access to your money for a period. But the return on a $50,000 5-year CD could be worth it.

When you're saving money, every dollar counts — including interest — so keeping your money in a safe, high-yield account is a good way to start working toward your savings goals. High-yield savings accounts (HYSAs) and certificates of deposit (CDs) are ...

Right now, $10,000 earns almost the same in a top high-yield savings account as in a top CD, right around $350 to $415 over a year. That's based on today's top APYs of roughly 3.50% to 4.15%, available at the best online banks right now. For most people ...