Don't settle for 0.01% APY. Discover the best student savings accounts right now with high rates, no fees, and easy access to help your money grow.

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

With the average savings account paying 0.38%, according to the Federal Deposit Insurance Corporation (FDIC), it might feel a little bleak for savers. However, high-yield savings accounts still offer a way to get a little more yield.