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

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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 Miranda Marquit
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8 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
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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
5 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.

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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.

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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.

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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

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Principal U.S. Economy Reporter

Mark Hamrick

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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.

Latest articles

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Personal banking when you travel abroad

These tips help keep your finances safe when you travel abroad.
Jun 22, 2023
Mature woman helps her daughter study for exam

Why do high-yield savings account rates fluctuate?

High-yield savings rates fluctuate over time. Let’s explore what causes that.
Jun 13, 2023
Man looking at cellphone

5 ways to hold onto what’s left of your pandemic savings

Follow these steps to hold onto the money you saved during the pandemic.
Jun 09, 2023
Woman smiling and using a cellphone

8 best finance apps for gig workers

These apps offer features such as budgeting tools, benefits resources and cash advances.
Jun 09, 2023
Illustration of cell phone

5 fun ways gamification can help you save more

Adding game elements to savings apps can push consumers to boost savings.
Jun 09, 2023
family playing board game

7 old-school money ideas that still work

Here are the top old-school money ideas that can still help you save this year.
Jun 08, 2023
Father and son counting and organizing money (presumably the child's savings)

How to save money for a child

If you want to get a leg up on parenthood, consider these moves.
Jun 07, 2023
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5 ways to grow your savings with automatic transfers

Here are five ways automatic transfers can make growing your savings easy.
Jun 06, 2023
Man working on laptop and drinking coffee

6 best money market funds in November 2024

Money market funds are available from several different brokers and fund managers.
Nov 01, 2024
A man researches online.

5 reasons to get a money market account

Looking for a place to park your savings? Here’s why a MMA might be appealing.
Oct 07, 2024
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.
Oct 07, 2024
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Money market account vs. money market fund: Differences

These accounts sound similar, but there are some key differences to know.
Sep 30, 2024
Asian women using laptop computer at home working space.

Short-term CD vs. long-term CD: Which is best for you?

CD terms can range from three months to five years. Learn which one is right for you.
Sep 30, 2024
A young female researches on her phone.

No-penalty CDs: What they are and how they work

Here’s everything you need to know about no-penalty CDs.
Sep 20, 2024
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.
Sep 03, 2024
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.
Sep 01, 2024
Mom preparing financial paperwork at home while her child draws next to her

The average amount in U.S. savings accounts – how does your cash stack up?

Single people and young families tend to have significantly less saved.
Nov 01, 2024
Close up of woman's hand typing on computer keyboard in the dark against colourful bokeh in background, working late on laptop at home

CFPB announces a new rule to help you transfer your data

A new CFPB rule will make it easier for people to transfer their data between banks.
Nov 01, 2024
Person on laptop computer

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.
Nov 01, 2024
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10 scary savings mistakes and how to avoid making them

Don’t let the fear of saving leave you in the dark. Avoid these 10 savings mistakes.
Oct 31, 2024
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.
Oct 31, 2024
Woman watering plants.

Current CD rates for October 2024

Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
Oct 31, 2024
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Study: Care for one infant costs at least 10% of a family’s yearly income in 48 states

A new Bankrate study reveals where infant care is the most and least affordable in the U.S.
Oct 28, 2024
Kids playing with blocks at a school.

Study: Care for one infant costs at least 10% of a family’s yearly income in 48 states

A new Bankrate study reveals where infant care is the most and least affordable in the U.S.
Oct 28, 2024
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