One overlooked savings account is a Money Market account. This is an interest-bearing savings account but acts differently than traditional and high-yield savings accounts.
A money market account will typically have slightly higher interest rates than traditional savings accounts. The average interest rate for a traditional savings account is 0.06% while the average interest rate for a money market account is 0.08%. A high yield savings account will still have higher interest rates if all you want is the highest interest rate savings account.
What makes the money market account unique is that this account gives you access to write checks and use a debit card, very similar to a checking account. A money market account is not a checking account. It is still a savings account where you will have limited withdrawals from this account. A checking account will give you unlimited withdrawals from your account.
You may want a savings account with check writing and debit card privileges if you have certain savings goals. If you have plans to use your money market account to pay for upcoming purchases you may want to be able to write checks to make that payment or pay with a debit card over cash.