Skip to Main Content

Savings

Bankrate helps you find the latest deals on savings accounts and learn strategies to maximize your yield.

Savings Rate Icon
High-yield Savings Account Rates
Calculator Icon
Savings Calculator
Money Bag Icon
Money Market Rates
Rates Up Icon
Savings Interest Rate Trends
Bank With Star Icon
Bank Reviews

Explore savings basics

A woman does her budgeting.

How much should I save each month?

The amount of money you should save each month will vary based on your goals. Here’s what to know.
By Sheiresa McRae Ngo
Woman working with business document and laptop on the table

7 low-risk ways to earn higher interest

It’s a low interest rate environment, but there are ways to earn more on your money.
By Karen Bennett
7 min read
Close up of someone hands holding and counting American dollar banknotes in her hand

7 top reasons to save your money

Most people know they should be saving a portion of their income, but they might not grasp all of the benefits of doing so. Saving is an important habit to get into for a number of reasons — it helps [...]
By René Bennett
6 min read

Build good budgeting habits

TRY THIS

52-week money saving challenge

Follow this plan of making weekly deposits into your bank account, and you could save $1,378 by the end of the year.

Arrow Right Icon
SAVINGS

Bank accounts with budgeting tools

Choose a bank account that helps you develop healthy spending habits with built-in digital budgeting tools.

SAVINGS

Ways to save money on a tight budget

Even on a limited budget, small intentional changes can go a long way to help you build a savings cushion and have greater peace of mind.

Image for Best money-saving apps
SAVINGS

Best money-saving apps

Read up on top available rates and national average trends over time from Bankrate’s weekly survey of banks and credit unions.

Arrow Right Icon
Bankrate logo

Weekly Savings Rates

Bankrate consistently has offers well above the national average to help you earn more on your savings.

Bankrate Partner Average

4.08%APY
VS

National Average

0.60%APY

Experts in all things banking

Our expert writers and editors bring you timely news and reliable information - backed by data and first-hand experience.

About Bankrate's team
Greg McBride

Greg McBride, CFA Arrow Right Icon

Chief Financial Analyst

Sarah Foster

Sarah Foster Arrow Right Icon

Principal U.S. Economy Reporter

Mark Hamrick

Mark Hamrick Arrow Right Icon

Senior Economic Analyst

See how much your savings can grow

Bankrate can help you capitalize on the current high interest rate environment. Enter your expected contributions and APY to see how much interest your savings could earn over time.

Months
Years
    Initial DepositTotal Contri...Interest Earned
    Total savings breakdown:
    		Interest earned $ 5,803.89
    		 Total contributions + $24,000
    		 Initial deposit + $10,000
    Your total savings
    $ 39,803. 89

    The average APY in the U.S. is 0.6%. Enter an APY to see how much you can save, or choose an APY from one of our partners.

    Learn more
    A woman works on her laptop.

    What is a savings account? Definition, how it works

    Here’s everything you need to know about savings accounts.
    Person imagining a piggy bank made out of cash.

    How to open a savings account: 7 steps to take

    Ready to open a savings account? Here’s what you’ll need to know.
    Woman sitting outside of restaurant looking at cell phone

    How to start saving (even if you’re starting from scratch)

    Getting into the habit of paying yourself first is hard. Here are some ideas to help you start.
    Image by GettyImages, Illustrated by Bankrate

    Here’s everything savers need to know about APY

    The APY percentage shows how much an account earns per year. Here’s what you need to know.
    Person looking at smartphone

    10 types of savings accounts: Where to save your money

    The best account to save your money will vary by your goal.
    A student withdraws cash at an ATM.

    Can you spend from a savings account?

    There are ways to access your money and ultimately spend it. Here’s how.
    Placeholder image

    Best High-Yield Savings Accounts

    Latest articles

    Caucasian woman and African American man sit at kitchen counter with breakfast working with pen, paper and laptop

    Survey: More than two-thirds of Americans aren’t budgeting. Here’s why you should and how you can save more

    Budgeting may be unpopular, but it’s important to know where your money is going.
    May 30, 2025
    Woman online banking with a tablet

    Regulation D and savings account withdrawal limits – here’s what changed

    How Reg. D impacts your savings account and why it pays to check with your bank.
    May 30, 2025
    Smiling woman talking with someone

    How to save $1,000 in a month: 10 strategies

    Saving $1,000 need not be a daunting task. Here are 11 ways to do so.
    May 30, 2025
    Illustration of construction workers on a roof

    How to start (and build) an emergency fund

    An emergency fund is an essential part of a solid financial plan.
    May 29, 2025
    Whimsical illustration of a hand putting a quarter into a miniature but realistic high end safe. As if it were a piggy bank

    What is the average interest rate for savings accounts?

    Comparing savings rates can ensure you get the best return on your savings.
    May 29, 2025
    A woman does her budgeting.

    How much should I save each month?

    The amount of money you should save each month will vary based on your goals. Here’s what to know.
    May 29, 2025
    Image of a person's hands holding an open walled and pulling money from it.

    Bank Mergers Are Booming. Here’s Why Savers Should Watch Their Wallets

    Bank consolidation often leads to lower deposit rates. Here’s what the current merger boom means for your savings and how to respond.
    May 29, 2025
    family on vacation in south carolina

    How to save for a family vacation

    The right savings strategy could put that family vacation within reach.
    May 29, 2025
    Woman online banking with a tablet

    Regulation D and savings account withdrawal limits – here’s what changed

    How Reg. D impacts your savings account and why it pays to check with your bank.
    May 30, 2025
    A man researches online.

    4 reasons to get a money market account

    Looking for a place to park your savings? Here’s why a MMA might be appealing.
    May 29, 2025
    Woman using mobile phone at the bar

    Money market account vs. money market fund: Differences

    These accounts sound similar, but there are some key differences to know.
    May 23, 2025
    A guide to mutual funds

    A guide to mutual fund investing

    Not sure how to get started investing with mutual funds? We’ll help you understand the basics.
    May 23, 2025
    Man working on laptop and drinking coffee

    6 best money market funds in May 2025

    Money market funds are available from several different brokers and fund managers.
    May 01, 2025
    A young woman researches on her phone at a cafe.

    Are money market accounts safe? Here’s what you should know

    Short answer? Yes. Here’s what you need to know.
    Apr 22, 2025
    woman at ATM

    The best big banks of 2025

    Our top 5 picks scored highly for access, range of products and digital options.
    Mar 31, 2025
    happy couple signing papers

    What are the best interest rates for a business savings account?

    Earn more on your business cash with high-yield accounts offering competitive APYs.
    Mar 26, 2025
    Man talking on cellphone

    What is a neobank? Definition and examples of popular neobanks

    Ever heard of a neobank? If not, here’s what you need to know.
    Apr 15, 2025
    Father and daughter saving money in piggy bank

    High-yield savings rates today: April 14, 2025 | A safe haven amid market turmoil

    Find the best high-yield savings account rate today.
    Apr 14, 2025
    A smiling pink piggy bank resting atop a U.S. flag

    Study: The easiest and hardest states to save money in 2025

    Saving money in the Midwest and South is easier than in the West and Northeast.
    Apr 14, 2025
    Dollar sign balloon being blown up by a pump on a green background with an arrow pointing down to the right

    Inflation eased in March — here’s what savers should do now

    How to find the best high-yield savings account in times of high inflation
    Apr 11, 2025
    Image of the back of a man in a suit standing in front of a large line graph that is on top of a half shredded U.S. Dollar.

    What is stagflation, explained — and whether the economic crisis could return from Trump’s trade war

    Stagflation is an economic “super villain,” bringing high inflation and unemployment.
    Apr 10, 2025
    Side view of father cooking food while daughter having apple in kitchen

    How to save money fast: 25 ways

    These simple moves can help you build a cash cushion.
    Apr 10, 2025
    Image of Jerome Powell and Donald Trump side by side above the Federal Reserve building.

    Trump’s trade war could force the Fed to cut rates. Here’s why that might not do borrowers much good.

    Lower rates won’t fix trade uncertainty, and credit could still be tight.
    Apr 10, 2025
    Home Finances

    Amid high tariff fallout, here’s how to earn more interest on your savings account

    Here’s how to earn more interest with a high-yield savings account.
    Apr 08, 2025
    The trusted provider of accurate rates and financial information
    Wall Street Journal
    Usa Today
    New York Times
    Cnn
    Bloomberg
    Abc