Lenny Lubitz is the pen name of an Investopedia contributor who writes about investing strategies, fraud, and profiles major financial figures. Anthony Battle is a CERTIFIED FINANCIAL PLANNER™ ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. If you want to set aside your savings but are worried you ...

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.