$8,000 CD vs. $8,000 high-yield savings account: Which will earn more interest in one year?

An $8,000 deposit will grow differently in a CD than it will in a high-yield savings account over the next year. Getty Images/iStockphoto Whether you have tens of thousands of dollars saved right now – or a smaller amount such as $8,000 – you'll want to make sure that it's being kept in a secure and profitable location. And it's increasingly obvious that a traditional savings account, with a current average rate of just 0.38% , isn't that place. Investing it in stocks and bonds, meanwhile, could translate into big gains or large losses, as the stock market responds to geopolitical tensions, overseas conflicts and a rising inflation rate. In this climate, a certificate of deposit (CD) and a high-yield savings account merit serious consideration. Interest rates on both sit around 4% currently, and with a CD account, the rate will be fixed , allowing savers to calculate their long-term interest earnings with precision. Savers will need to forego access to their money to earn that rate, however, which is something they won't have to do with a variable-rate high-yield savings account. Before depositing your $8,000 into either account type, then, or before splitting your funds between both, it helps to know the interest-earning potential each presents with a deposit of this size. Below, we'll crunch the numbers that savers should know before getting started. Start earning more interest on your money with a high-yield savings account here . $8,000 CD vs. …