Savers should carefully weigh the pros and cons of high-yield savings accounts this July before starting. /iStockphoto . If you have any money in a traditional savings

Smartly placing your $10,000 in the right account—or multiple accounts—can help you take advantage of today’s high interest rates while maintaining flexibility.

With the average savings account paying 0.38%, according to the Federal Deposit Insurance Corporation (FDIC), it might feel a little bleak for savers. However, high-yield savings accounts still offer a way to get a little more yield.