Banking
From savings account details to bank reviews, economic insights and more — Bankrate offers valuable information and advice for you.
Explore banking basics
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How to open a certificate of deposit (CD)
Banking
Everything you need to know about opening an account.
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How to start saving (even if you’re starting from scratch)
Banking
Getting into the habit of paying yourself first is hard. Here are some ideas to help you start.
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How to transfer money from one bank to another: 4 ways
Banking
Keep fees in check when you shift money from one bank account to another.
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Experts in all things banking
Our expert reporters and editors bring the news and analysis you need—backed by data and firsthand experience.
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Chief Financial Analyst
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Senior Economic Analyst
Banking data studies
![Money next to flashing sirens](https://www.bankrate.com/2023/02/15173759/Banking-Emergency-Savings-Survey.jpg?auto=webp&optimize=high&crop=16:9&width=320)
New Bankrate data shows many Americans are slowly making progress on their savings.
![Piggy bank with doctors equipment. Cute and comical](https://www.bankrate.com/brp/2024/07/12173049/Banking_FHE_Why_Im_scheduling_a_mid_year_financial_checkup_with_myself_and_how_Im_doing_it.jpg?auto=webp&optimize=high&crop=16:9&width=320)
I’m a personal finance reporter — here’s how I did a mid-year financial checkup in under an hour
Banking
A mid-year checkup is the most effective way to ensure my finances are on track.
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Two-thirds of American savers say they’re earning rates below 4% APY. Here’s why.
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Services such as Zelle and Venmo make splitting a bill or sending money a breeze.
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Follow these tips for the lowest fees and highest rates when opening an account.
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You may be concerned about your bank in light of recent events. Here’s what you need to know.
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Consider these four factors when choosing the right high-yield savings account.
![A young man researches in the library.](https://www.bankrate.com/2020/04/14130045/how-do-cds-work.jpeg?auto=webp&optimize=high&crop=1:1&width=356)
CDs hold your funds for a set period. In exchange, you get a reliable return.
![man sitting at outdoor cafe table and looking at his phone](https://www.bankrate.com/2022/04/01130721/7-key-benefits-of-mobile-banking-in-2022.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Mobile banking apps aren’t just trendy, they can help you better manage your money.
![Woman frowning at a laptop screen](https://www.bankrate.com/2023/08/29122606/Deposits_Heres-when-an-early-withdrawal-from-a-CD-is-worth-it.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Sometimes paying an early withdrawal penalty on a CD isn’t a bad idea.
![person looking at computer screen in home](https://www.bankrate.com/brp/2025/02/17104443/GettyImages-Yiu-Yu-Hoi.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Start saving today with these saving accounts with no minimum deposit required.
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Start saving today with these saving accounts with no minimum deposit required.
![A woman works on her laptop.](https://www.bankrate.com/2021/03/02171853/what-is-a-savings-account.jpeg?auto=webp&optimize=high&crop=1:1&width=356)
Here’s everything you need to know about savings accounts.
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The amount of money you should save each month will vary based on your goals. Here’s what to know.
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Get the latest rates on top-yielding money market accounts.
![Whimsical illustration of a hand putting a quarter into a miniature but realistic high end safe. As if it were a piggy bank](https://www.bankrate.com/2023/08/05141131/What-is-the-average-interest-rate-for-savings-accounts_.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Comparing savings rates can ensure you get the best return on your savings.
![Money next to flashing sirens](https://www.bankrate.com/2023/02/15173759/Banking-Emergency-Savings-Survey.jpg?auto=webp&optimize=high&crop=1:1&width=356)
New Bankrate data shows many Americans are slowly making progress on their savings.
![Person imagining a piggy bank made out of cash.](https://www.bankrate.com/2023/06/05141350/Banking_How-to-open-a-savings-account_-Savings-account-basics.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Ready to open a savings account? Here’s what you’ll need to know.
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Here’s how to save an extra $100 monthly with simple changes.
![A man does research on his laptop.](https://www.bankrate.com/2021/03/02173123/what-is-an-add-on-cd.jpeg?auto=webp&optimize=high&crop=1:1&width=356)
Add-on CDs can offer more flexibility than a traditional CD.
![US dollar bills against blue background](https://www.bankrate.com/2021/09/28160419/Bump-up-CDs-what-they-are-how-they-work.jpg?auto=webp&optimize=high&crop=1:1&width=356)
If you think rates may rise again soon, a bump-up CD could be what you’re looking for.
![A large pile of cash next to a padlock](https://www.bankrate.com/2023/07/11154309/Deposits_Heres_how_much_100000_in_a_CD_could_earn_you_in_a_1_year.jpg?auto=webp&optimize=high&crop=1:1&width=356)
A one-year CD can be a safe and worthwhile option, especially turning to high-yielding online banks or credit unions.
![Elderly woman on laptop](https://www.bankrate.com/2021/08/24093332/How-much-money-should-you-keep-in-a-CD.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Some CDs require a minimum deposit of $100,000, but these accounts are not for everyone.
![Man at laptop, deep in thought](https://www.bankrate.com/brp/2024/06/01164558/Investing-The-pros-and-cons-of-CD-investing.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Certificates of deposit offer peace of mind, but they’re not without some drawbacks.
![Woman using laptop](https://www.bankrate.com/brp/2023/11/30130553/Deposits-3-ways-to-take-advantage-of-high-CD-rates.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Locking in a high yield now could be beneficial in the event rates begin to drop.
![Man using laptop in kitchen](https://www.bankrate.com/brp/2023/10/30123251/Deposits-What-is-a-callable-CD.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Callable CDs can offer a higher yield than traditional CDs, but there’s a catch.
![A woman ponders](https://www.bankrate.com/2020/07/08124330/what-to-do-when-cds-mature.jpeg?auto=webp&optimize=high&crop=1:1&width=356)
Find out what happens to CDs that are set to mature.
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Money market funds are available from several different brokers and fund managers.
![piggybank on a riser](https://www.bankrate.com/brp/2024/10/22175345/Deposits-Best-business-savings-accounts.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Here are some of the best savings accounts you can sign up for as a business owner.
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Many of these banks offer low-fee accounts and higher yields than some of the biggest banks.
![Person looking at smartphone](https://www.bankrate.com/2021/09/25141050/Types-of-savings-accounts.jpg?auto=webp&optimize=high&crop=1:1&width=356)
The best account to save your money will vary by your goal.
![Bank teller with customer](https://www.bankrate.com/2022/01/03103328/Untitled-101.jpeg?auto=webp&optimize=high&crop=1:1&width=356)
These credit unions offer great rates and top-notch features — and many make it easy to join.
![A man researches on a tablet.](https://www.bankrate.com/2020/07/07171757/cds-vs-mmas.jpeg?auto=webp&optimize=high&crop=1:1&width=356)
CDs and MMAs can pay competitive rates, but they have different drawbacks and benefits.
![A graphic of origami of a dollar bill folded to look like a piggy bank with a penny on top.](https://www.bankrate.com/brp/2025/01/01225713/Central-savings-money-market-account-rate-forecast.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Expect savings and money market account yields to slide lower, but they still should outpace inflation
![A man researches online.](https://www.bankrate.com/2020/02/12103948/5-reasons-why-you-should-get-a-mma.jpeg?auto=webp&optimize=high&crop=1:1&width=356)
Looking for a place to park your savings? Here’s why a MMA might be appealing.
![two teenage friends looking at a smartphone](https://www.bankrate.com/2022/04/08142438/what-are-p2p-payments.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Services such as Zelle and Venmo make splitting a bill or sending money a breeze.
![man sitting at outdoor cafe table and looking at his phone](https://www.bankrate.com/2022/04/01130721/7-key-benefits-of-mobile-banking-in-2022.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Mobile banking apps aren’t just trendy, they can help you better manage your money.
![](https://www.bankrate.com/2020/10/07103023/what-is-a-bank-statement1.jpeg?auto=webp&optimize=high&crop=1:1&width=356)
Knowing how to read your bank account statement can nip problems in the bud. Here’s our guide.
![close up of hands writing a check](https://www.bankrate.com/2022/04/20143133/5-ways-to-cash-a-check-without-a-bank-account.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Consumers without a bank account face hurdles when trying to cash a check.
![Pedestrians walking by TD Bank](https://www.bankrate.com/2018/04/12150226/how-many-bank-accounts-do-you-need.jpg?auto=webp&optimize=high&crop=1:1&width=356)
Learn about the benefits of having multiple bank accounts and what to look for.
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Finding the account of your dreams comes down to knowing what you want and the features you value most.
![Male friends walk on a college campus.](https://www.bankrate.com/2020/05/11173927/Best-student-checking-accounts.jpeg?auto=webp&optimize=high&crop=1:1&width=356)
Here are top accounts for features like ATM fee waivers, overdraft forgiveness and more.
![Women using tablet](https://www.bankrate.com/2020/05/19152145/online-checking.jpeg?auto=webp&optimize=high&crop=1:1&width=356)
Online checking accounts stand out for different features. Here’s our top picks.