High Interest Savings
A high interest savings account is a type of savings account that has a higher interest rate. They are usually offered by banks that have an online only presence and thus are able to provide higher interest rates. They are usually around 2% APR but can vary. The advantage of using a high interest savings account is that it is "liquid" and you can make deposits and withdrawls whenever you want. This type of account is popular to use for emergency savings accounts.