For savers with significant cash reserves, then, opening a CD account now while you can still lock in a high rate makes sense ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

Today's best high-yield savings accounts pay up to 5.00% APY -- compare top rates and find the perfect place to make your money grow faster.