See how we rate banking products to write unbiased product reviews.In its September meeting, the Federal Reserve cut interest rates for the first time in four years, meaning the clock is ticking on the high interest rates on deposits that we've come to expect.

High-yield savings accounts are powerful savings tools, primarily offered by online banks, that will earn you more interest than traditional savings accounts. But, while the idea of passively earning extra dollars in your savings sounds appealing,

It's never a bad time to open a new savings account, especially if you keep these perks in mind when exploring your options. Read on for more.

Your savings account also should mesh with your priorities and goals, says Mary Hines Droesch, Head of Product for Consumer, Business and Wealth Management Banking and Lending at