Francesca is an experienced sports, casino, and poker editor and writer with a strong background in creating clear, engaging, and trustworthy guides for players. She… We uphold a strict editorial ...

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.

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 ...