Are you looking for a savings account? These key considerations can help you decide which one to open: hands-on experience, free banking and the opportunity to earn interest on your money.

The best savings account is usually the one that earns interest. There’s really no reason not to choose a high-yield savings account over a traditional savings account. After all, there’s virtually no difference between the two, except that one helps you make your money grow by earning a small amount of interest.

A better experience

What does savings account convenience mean to you? Is it a user-friendly application? The ability to use the ATM on the street? An account at the bank you’ve been going to for years, or an account at an entirely different bank to make your money harder to access (and therefore spend) on a whim?

Most high-yield savings accounts are through online banks and online applications only. This means that a good web and mobile experience is essential. To get the most out of your account, you’ll want to choose one that’s right for you.

Fees for using the account

The purpose of a high-yield savings account is to earn money, not spend it on fees. Fortunately, there are many options that can help your money grow each month without fees. None of the accounts included in this article have monthly fees. That said, these three banks are among the best at saving without fees.

You want your money to earn as much as possible, and choosing an account with a high interest rate can help. Because high-yield savings accounts aren’t invested, they usually earn between 1.5% and 2% interest – not enough to make you rich, but considerably more than a traditional savings account.