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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 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
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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
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.

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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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Weekly Savings Rates

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

Bankrate Partner Average

4.14%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.

Learn more
  • Introduction to Savings Accounts
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.

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.
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Best High-Yield Savings Accounts

Latest articles

Illustration depicting young woman stressed looking at her laptop

Save on your phone plan as inflation skyrockets

As inflation hikes, here’s a phone plan that can help you save.
Apr 06, 2022
woman doing paperwork at a table

5 steps to take with your money in 2022, according to personal finance experts

Here’s what personal financial experts recommend to help get your finances in shipshape in 2022.
Apr 05, 2022
woman holding 100 dollar bills

Bankrate sweepstakes winners reveal plans to drop debt, save money

Sweepstakes winners used their $10,000 prize for practical (and fun) purposes.
Feb 23, 2022
Couple talking while standing on cliff by sea during sunny day

10 ways to maximize your savings while on a fixed income

Even the small victories add up over time when you’re living on a fixed income.
Feb 01, 2022
Designer retouching photo on his computer

7 tips to budget with an irregular income

Budgeting on an irregular income is challenging, but it’s possible. Here’s how to do it.
Jan 25, 2022
Man using a tablet for banking

5 ways online banks make it easy to save

Online banks offer a number of benefits, and they’re just as safe as brick-and-mortar banks.
Jan 16, 2022
Five participants won the Bankrate Drop Your Debt sweepstakes

5 winners awarded $10,000 each in Bankrate Drop Your Debt Sweepstakes

Five winners won $10,000 each in Bankrate’s first Drop Your Debt Sweepstakes.
Jan 06, 2022
Couple works on bills

Survey: 2 in 3 see no boost in personal finances in 2022

U.S. consumers see inflation as the biggest threat to improving personal finances.
Dec 20, 2021
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
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Ally money market account rates

Ally’s money market account offers a high APY, no minimum deposit or monthly fee.
Mar 20, 2025
Business women discussing project at table in modern office

What is a business money market savings account?

Business money market accounts offer higher yields while maintaining access to funds.
Mar 18, 2025
Man working on laptop and drinking coffee

6 best money market funds in March 2025

Money market funds are available from several different brokers and fund managers.
Mar 01, 2025
man and woman working together at a computer in an office

What type of business savings account is right for you?

Find the right business savings account to help your company’s money grow.
Feb 21, 2025
Person working at table with computer, drinking coffee and looking at smartphone

What is a variable APY? Why it’s important to check your yield

Learn why you need to check your APY.
Feb 20, 2025
couple with bank worker

The best regional banks of 2025

Many of these banks offer low-fee accounts and higher yields than some of the biggest banks.
Jan 30, 2025
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.
Jan 29, 2025
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.
Mar 31, 2025
woman depositing a check on her phone

How to deposit a check

There are several ways to deposit a check — some are simpler than others.
Mar 31, 2025
Young Woman Depositing Check With Smartphone

How long does it take for a check to clear?

The amount of time for a check to clear can vary from check to check.
Mar 31, 2025
Coworkers discussing a project

How to choose the best credit union: 6 things to consider

Here’s how to find the credit union that will best fit with your financial needs.
Mar 28, 2025
Two professionals discussing a money order

How to fill out a money order

Completing a money order requires just a few simple steps. Here’s how.
Mar 28, 2025
Person reading credit card statement

What is an overdraft fee and how can you avoid it?

Here are easy actions you can take to avoid the fee of get it waived.
Mar 28, 2025
Woman using a calculator

I had to spring clean my bank accounts. Here’s how I did it

How many bank accounts are too many? Use the rule of two hours to find out.
Mar 28, 2025

Recession alarm bells are ringing: 5 smart savings strategies to prepare

Recession risks are rising. Learn six smart savings strategies to protect your money before it hits.
Mar 28, 2025
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