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Putting money away for a rainy day can be discouraging when you consider that many banks offer a pittance in interest rates — the typical savings rate at a bank is less than one-half percent.

Despite the dismal savings rate, keeping a savings account for emergencies still makes sense. But why not get the most from your money by switching from your neighborhood bank to one with better interest rates?

Some of the best interest rates today are offered by banks without four walls — online banks.

Online banks, which began in 1995, are FDIC-insured. And because they don’t have the overhead of brick-and-mortar banks, they can offer higher interest rates.

While these virtual banks lack the warm and fuzzy dynamic of in-person banking, they do offer all practical tools you need to do your banking, such as mobile banking and online maintenance.

You can also find high-yield savings accounts at your neighborhood bank if you do the research. Whether you opt for a real or virtual bank to stash your money, make sure to check the fine print. Fees or minimum balance requirements could cancel out any high-yield savings rates.