Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more. As long as you can pay off your balance on time and in full each month, it can be beneficial to use a ...

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.

Our star ratings are based on a range of criteria and are determined solely by our editorial team. See our methodology for more information. Managed through an app, this account is good for global ...