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

4.14%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.
Placeholder image

Best High-Yield Savings Accounts

Latest articles

Joe Biden is sworn in as U.S. President as his wife Dr. Jill Biden stands beside him.

Third stimulus check and COVID-19 rescue plan: How Biden’s first 100 days could impact your money

Carefully managing your finances will be crucial, even if more aid is around the corner.
Jan 20, 2021
President-elect Joe Biden addresses the nation about his plans to fight the coronavirus pandemic.

$1,400 stimulus check and $400 weekly unemployment boost: Here’s what’s in Biden’s plan

Biden’s $1.9 trillion relief bill proposal comes during the pandemic’s biggest inflection point yet.
Jan 15, 2021
Hosue Speaker Nancy Pelosi speaks during a press conference on Capitol Hill

Second stimulus check and $300 unemployment bonus benefit: Here’s what’s in new round of COVID-19 aid

The deal comes just days before key CARES Act programs are set to expire.
Dec 21, 2020
Portrait of young couple in front of home

The new year is the perfect opportunity for a new savings account

The new year calls for a new look at your old savings account.
Dec 18, 2020
Men hands holding a US Government Treasury check

Your $1,200 stimulus check: How to claim it before it’s too late

The deadline has recently been extended, but you’re still going to want to act fast.
Nov 06, 2020

A personal finance influencer shares 5 tips for building up your emergency fund during a pandemic

It takes work and a positive mindset, but an emergency fund can be there for you when you need it most.
Oct 06, 2020
Speaker of the House Nancy Pelosi speaks from a lectern

Second stimulus check: Here’s why this new proposed round of $1,200 payments could be easier to get

The HEROES Act is back, but it could be a non-starter for some Republicans.
Oct 01, 2020
Woman voting in a face mask at the polls

Biden or Trump? Plenty of young people remain undecided about who is best for their finances

In this election, many young voters remain unsure about at least one key issue.
Sep 17, 2020
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
Ally Bank logo

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
The trusted provider of accurate rates and financial information
Wall Street Journal
Usa Today
New York Times
Cnn
Bloomberg
Abc