By opening the right high-yield savings account this October, you can greatly maximize the returns on your money. MirageC/Getty Images

When it comes to building your financial cushion, where you park your money matters almost as much as the amount you put away in your savings account. The problem many savers encounter, though, is that traditional savings accounts at major banks typically offer returns that are so minimal the balance barely budges over time, despite the interest compounding. That doesn't mean there are no options for earning heftier interest, though. For savers who want to grow their funds while maintaining easy access to their cash, high-yield savings accounts are a significantly more attractive alternative.

These specialized accounts work just like a traditi

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