robert wants to get serious about saving for a new car. which account would you recommend? why?

Robert should consider opening a high-yield savings account for saving seriously for a new car. This type of account typically offers higher interest rates than traditional savings accounts, allowing his money to grow faster while still providing easy access to funds when needed. Additionally, these accounts usually have low or no fees and offer security since they are often insured by the FDIC. This combination of growth potential, liquidity, and safety makes high-yield savings accounts an ideal choice for saving toward a significant purchase like a car within a relatively short time frame. In contrast, options like certificates of deposit (CDs) offer higher fixed interest rates but lock the money away for a set term, which reduces flexibility. For someone who wants to be serious about saving but also maintain access to funds for a car purchase, a high-yield savings account strikes a good balance between earning interest and availability.