What is a High Yield Savings Account?

A savings account is an extremely common type of bank account, and it's a great place to keep cash you need easy access to (such as your emergency fund). You can add or withdraw money from a savings account any time, which isn't the case for every type of bank account. But you have options when it comes to choosing one. Let's take a look at high-yield savings accounts and learn what differentiates them from a standard savings account.