The best replacement for savings accounts is cds.

The best alternatives to savings accounts are rated as following:
★★★★★  cds
★★★★  checking accounts
★★★  529
★★★  money market
★★  money market accounts
★★  health reimbursement accounts
★★  flexible spending accounts
★  health savings accounts
★  term deposits
★  medical savings accounts
★  money market funds
  money markets
  savings accounts
  checking account

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savings accounts
cds
checking accounts