Online-only banks have grown in popularity in recent years thanks to certain benefits that brick-and-mortar banks can't match. With less overhead costs from not having to operate physical branches, ...

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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 more than two decades of editorial experience, Brian Kagan has been copyediting and proofreading for companies across a variety of industries such as small business, marketing, travel, health and ...