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, CEPF®
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

4.02%APY
VS

National Average

0.59%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 0.59%. 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

    8 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

    Illustration of an old-fashioned physical bank branch and a mobile phone.

    Brick-and-mortar banks vs. online banks: Pros and cons

    Keeping your savings in a bank down the street may seem like the obvious play, but there may be real downsides for doing so.
    Aug 20, 2025
    Easy mornings and working from home for this couple

    Top high-yield savings accounts are still beating inflation. Here’s why that’s important

    Savings yields topping inflation could let you hold onto your purchasing power.
    Aug 18, 2025
    Close-up photo of the front of the Federal Reserve in Washington, DC, with the name "Federal Reserve" below the bust of the eagle.

    Best high-yield savings rates today | Leading APYs still surpass 4%

    The Fed has kept interest rates steady so far in 2025, but that might change soon.
    Aug 18, 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.
    Aug 14, 2025
    Financial manager meeting with couple in bank branch office

    National average money market account rates for August 2025

    Get the latest rates on top-yielding money market accounts.
    Aug 14, 2025
    Woman using a banking app on her phone

    3 reasons to switch to an online bank

    Competitive rates, fewer fees, and convenience are all reasons to consider online banking.
    Aug 12, 2025
    A woman holds a phone at an office

    5 ways to use your brokerage like a savings account

    Savers can stash their cash in a brokerage these days to rack up returns.
    Aug 11, 2025
    Person writing on a piece of paper

    Super savers: How much is too much to put in a savings account?

    Here’s how to determine the amount to put in savings — and what to do with the rest.
    Aug 11, 2025
    Woman looking at phone

    What type of business savings account is right for you?

    Find the right business savings account to help your company’s money grow.
    Jun 03, 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
    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
    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 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
    Illustration of an old-fashioned physical bank branch and a mobile phone.

    Brick-and-mortar banks vs. online banks: Pros and cons

    Keeping your savings in a bank down the street may seem like the obvious play, but there may be real downsides for doing so.
    Aug 20, 2025
    remote check deposit

    Cashing old checks: How long is a check good for?

    There’s a right way to handle old checks. The wrong way can cost you.
    Aug 20, 2025
    Easy mornings and working from home for this couple

    Top high-yield savings accounts are still beating inflation. Here’s why that’s important

    Savings yields topping inflation could let you hold onto your purchasing power.
    Aug 18, 2025
    Woman looking at phone

    How to check if someone opened a bank account in your name (and what to do next)

    If you’re unsure whether you have an account you didn’t agree to open, take action now.
    Aug 18, 2025
    Man handing cloths to cashier

    Bank overdraft protection: Do you need it?

    Overdraft protection can be a helpful and convenient tool to avoid paying a steeper overdraft fee.
    Aug 18, 2025
    Person frowning at a laptop screen with illustration of money in background

    Here’s when an early withdrawal from a CD is worth it

    Sometimes paying an early withdrawal penalty on a CD isn’t a bad idea.
    Aug 18, 2025
    A man buys groceries with cash.

    Unbanked vs. underbanked: 6 key reasons (and solutions)

    Here’s why you should avoid being underbanked and how to ensure that you aren’t.
    Aug 18, 2025
    Young woman pays for purchases in online store using banking service

    5 tips to earn up to thousands of dollars in bank account bonuses

    Bank account bonuses are a great way to bring in new customers. Here’s how.
    Aug 18, 2025
    The trusted provider of accurate rates and financial information
    Wall Street Journal
    Usa Today
    New York Times
    Cnn
    Bloomberg
    Abc