Dave Ramsey Nailed It By Saying "Your money needs to work for you, not lie around you."

According to RamseySolutions.com, "High-yield savings accounts offer much better interest rates than traditional savings accounts-as much as 10 times higher. If you're looking for somewhere to put your emergency fund or to save money for short-term financial goals, high-yield savings accounts are a great choice."

Fidelity.com states, "You might as well stash your money under a mattress if you’re not holding it in a high-yield savings account, investing it… that could come with higher earnings. Sure, keeping your money in cash gives you more control over it, but it reduces the chances of it growing. High-yield savings accounts, for instance, offer more interest on what you put in than a traditional savings or checking account would."

Read at 24/7 Wall St.