A High-Interest Savings Account is a type of bank account that offers a higher interest rate compared to regular savings accounts. This means that your money can grow faster over time, making it a good option for saving for short-term goals or emergencies. These accounts are typically offered by banks and credit unions, and they often come with low or no fees. Depositors can access their funds easily, but there may be some limitations on the number of withdrawals allowed each month. It's important to compare different accounts to find the best interest rates and terms that suit your financial needs.