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™ ...

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.

With close to a decade of writing and editing experience, Maisha specializes in service journalism and has produced work in the lifestyle, financial services, real estate, and culture spaces. She uses ...