It's possible to earn big returns right now with a high-yield savings or CD account, but one or the other could be a better bet. Getty Images

Interest rates have been declining on savings products lately, but they're still quite high compared to a few years ago, particularly on high-yield savings accounts and certificates of deposit (CDs ). Nationally, the average rate on savings products ranges between 0.38% to 1.63%, but if you really shop around, some banks are offering as high as 4% or more.

Which type of product is better, though? And where is your hard-earned money going to serve you best in today's economy? Here's what experts recommend if you're weighing a $10,000 CD vs. a $10,000 high-yield savings account right now.

Find out how much you could earn with the right

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