Which account is best for me?
If you can do without the cash for six months to several years, it makes sense to take advantage of the higher interest rates you can typically get from a CD.
In general, even a shorter-term CD (like a six-month CD) will pay a better interest rate than an MMA. However, since this money isn't accessible without a penalty (except at maturity), you may want to keep any money you'll need access to in the shorter term in an MMA.
Ready to learn more or decide whether a CD or MMA is a good savings option for you? Synovus is here to help. Visit your local branch to talk with a banker.