Pros and cons of a high-yield savings account HYSAs offer healthy returns—but are they right for you? Updated Sat, Jun 28 2025. Andreina Rodriguez Associate Reporter, CNBC Select.

I use both a high-yield savings account and a CD. Here's how they work, when each makes sense, and why using both could be ...

Explore the pros and cons of money market accounts in our detailed guide. Learn how they work and compare to other accounts. ... (APY) than you would with a traditional savings account.

While checking accounts typically offer little to no interest, a money market account can serve as a higher-yielding alternative for less frequent bill payments and short-term savings.

Pros of Using a Certificate of Deposit for Savings. CDs—like savings and money market accounts —typically include FDIC insurance ($250,000 per depositor, for each account ownership category ...

CD account pros and cons to know this March. ... Compared to the sub-1% rates on traditional savings accounts and the rate variability that comes with high-yield savings accounts, ...

High-yield savings accounts offer many advantages, but they also have drawbacks. If you're seeking a high-yield savings account, keep these pros and cons in mind.

You should evaluate the pros and cons of a high-yield savings account to determine your savings strategy. These accounts can ...

High-yield savings accounts have competitive APYs, but they're not without fault. Review our full list of the pros and cons of high-yield savings accounts.

You should evaluate the pros and cons of a high-yield savings account to determine your savings strategy. These accounts can offer a valuable combination of higher interest rates and safety, ...

Pros of a high-yield savings account. Like any financial tool, high-yield savings accounts have pros and cons. Better returns; Real value; Good for emergencies; FDIC insured; ...