$70,000 CD vs. $70,000 high-yield savings account vs. $70,000 money market account: Which will earn more now?

Interest on your $70,000 will grow differently based on the account it is kept in. Getty Images/iStockphoto If you have $70,000 sitting in your bank account right now, you may be overwhelmed with your options. You can use that money to make a significant down payment on real estate , for example. Or you can buy a high-end vehicle – with cash. You can also pay down high-rate debt, invest it in stocks, bonds or precious metals. Or, as many savers may be contemplating in today's inflationary economic environment , you can simply save it for the future. That said, $70,000 shouldn't just be deposited into any savings account. Savers will need to be strategic with where it's stored. And it certainly shouldn't be kept in a traditional savings account, which comes with a tiny average rate of just 0.38% now. Fortunately, there are three high-rate alternative accounts to consider right now: certificates of deposit (CDs) , high-yield savings and money market accounts . All come with rates exponentially higher than a traditional account, and with a CD, in particular, the rate will be fixed , allowing savers to calculate their interest earnings with precision. To better decide on an account type, it helps to know the interest-earning potential each can provide with a $70,000 deposit that's made now. Below, we'll crunch the numbers that savers need to know. Start earning a high, fixed rate on your money with a CD account here . $70,000 CD vs. $70,000 high-yield savings account vs. …