$10,000 high-yield savings account vs. $10,000 money market account: Which earns more after the Fed cut rates?

It can be helpful for savers to closely compare high-yield savings and money market accounts right now. Javier Zayas/Javier Zayas Photography/Getty Images

In an interest rate environment in which rates are slowly but surely declining, savers may be inclined to lock their money away in an account with a fixed interest rate . With a certificate of deposit (CD) account , for example, the rate the account is opened with will remain the same until the account matures , allowing for predictable interest earnings and protection from rate cuts in the future. But CDs also require savers to keep their money untouched in the account for the full term to secure that end result.

Unfortunately, the reality is that many savers will need to maintain access to their funds, especially in