High-yield savings accounts offer big advantages right now, but there are a few things to know before opening one.

Jim does not get ownership of the bank account. You could add him as an account signatory so he can access your account during your lifetime to help pay your bills. You could prepay for your funeral.

See how we rate banking products to write unbiased product reviews. Joint bank accounts are useful for couples, families, and anyone who wants to share finances with another person. Joint bank ...