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From what I understand, and I'll be honest, finance is not my department, those generally don't allow you to pull the money out whenever you need it. They would need to have access to those funds if they intend to pay their medical bills with it.
Confirming that you are simply wrong. There are a ton of high yield savings accounts, by mainstream banks, local credit unions and fintech startups, pick your preference; you can deposit and withdraw any amount any time and interest is calculated daily, paid out monthly. Rates are not fix, they have been hovering 3-5% in the past 10ish years.
There was a federal law called Regulation D that limited withdrawals across all of your savings accounts to 6 per month. That was suspended in 2020 due to COVID and continues to be suspended until this day, but some individual banks still enforce it privately so check your T's and C's of your financial institution.
Although imo 6 withdrawals from savings per month should be more than enough.
That is not the case with mine. It's about 3.5% variable, sometimes over 4%, plain cash savings account in the US. I can transfer from savings to checking at another bank on the same day and withdraw whatever I want. As the other reply from cattywampas said, the number of withdrawals is limited but that's no issue for me.
Unless you've committed to a 5 or 10 year CD, you probably can defer the payments or split them until the CD matures so you don't forfeit the interest. Also, for proper CD planning, it's probably best to use a ladder strategy where you have multiple CDs and staggered so one matures every year for you to decide if you need the cash or can reinvest it.