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Plus, sometimes these accounts offer a savings account bonus, putting more money in your pocket.Īnother way to browse rates on high-yield savings accounts is by using our tool, in partnership with Bankrate, below.The journalists on the editorial team at Forbes Advisor Australia base their research and opinions on objective, independent information-gathering. For this reason, they're good options for short-term savings goals or emergency funds. Unlike CDs, where your cash is locked away for a certain period of time, high yield savings accounts let you easily access the funds in your account.

Opening a high-yield savings account is a great option if you're looking for a risk-free way to maximize your savings.

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