CDs, money market accounts and high-yield savings
By Bankrate.com

Check the ads in any newspaper, and you'll find banks promising high yields on certificates of deposit, money market accounts and even basic savings accounts. Saving rates are on the upswing as the 17 rate increases by the Federal Reserve Board take root.

If you're looking for the best place to park your cash while keeping it somewhat accessible, here are four investment choices and the features unique to each to guide your investing decisions, and a link to finding the best yields available in your neighborhood and across the nation.

Savings accounts
	Savings accounts: • Are liquid. • Limit preauthorized transfers. • Feature unlimited withdrawals (note possible associated fees). • May require a minimum balance (note possible monthly maintenance fees). • Savings accounts earn interest (higher interest options: high yield and money market accounts). • Have both online and face-to-face account options. • Can hold your emergency fund. For best local rates: Go to Bankrate's rate table for MMAs/savings and search by state. For best national rates: Go to Bankrate's rate table for MMAs/savings and search by 100 highest yield.
CDs
	Certificates of deposit: • Earn higher interest rate than money market accounts. • Are time-based fixed income. • Are hands-off investment until CD matures. • Early cash-outs have interest and possible principle implications. • Interest payments may be withdrawn as they are received. • Are FDIC-insured up to $100,000 and $250,000 for retirement accounts. • Are available at banks and offline. For best local rates: Go to Bankrate's rate table for CDs and search by state. For best national rates: Go to Bankrate's rate table for CDs and search by 100 highest yield.