Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. High-yield savings accounts are no different. While these accounts ...

I have five bank accounts and I use them all. To choose each account, I ask myself what I expect and how I'll get my money. I also look at whether there are accounts already made for my needs. Many ...

Wells Fargo reports that checking accounts are for daily transactions, while savings accounts are for saving and earning ...