Savers should carefully weigh the pros and cons of high-yield savings accounts this July before starting. /iStockphoto . If you have any money in a traditional savings

Savings account interest rates change often, so it’s not uncommon for the banks with the best rates to differ month-to-month. As you compare savings account rates, consider other features like fees, minimums and access to money management tools.

Smartly placing your $10,000 in the right account—or multiple accounts—can help you take advantage of today’s high interest rates while maintaining flexibility.