High-yield savings accounts are better when they earn more interest or you need instant liquidity before the CD matures. CDs usually offer higher yields on terms longer than 12 months and buying some of these CDs can help you earn more interest as savings accounts have variable rates that can decrease. Raisin makes it easy to compare the highest rates for savings accounts, CDs, and money market accounts. Your assets are FDIC-insured, and the deposit requirements are low. (As a side note, Raisin rebranded from SaveBetter in mid-2023 but will continue to have high-yield offers with zero service fees.)