High-yield savings accounts have become popular in recent years as the high-interest earning alternative to traditional savings accounts. But there's another type of deposit account where your money ...

Editor's Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC Select will update as changes are made public.

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Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Bank of America is a well-known banking brand with over 4,000 ...

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