Savings

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
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
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

A man works on his laptop.

What is a high-yield savings account? Definition and what to consider

Here’s everything you need to know about high-yield savings accounts.
Nov 04, 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
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
Ghost of Halloween uses a laptop to surf the Internet

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
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Survey: 81% of Americans didn’t increase their emergency savings this year as majority feels behind

Sixty percent of households feel behind on their emergency savings in 2023.
Oct 23, 2024
Halloween bucket filled with money

Survey: 62% of Americans feel behind on emergency savings, while only 1 in 5 has increased savings this year

Despite inflation and expenses, there are ways to increase your emergency savings.
Oct 23, 2024
piggybank

Best business savings accounts for 2024

Here are some of the best savings accounts you can sign up for as a business owner.
Oct 22, 2024
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
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.
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
Woman accessing her checking account at home on a laptop

Best business checking accounts for November 2024

Not paying fees and an easy way to bank should all be priorities. Here are some of our favorites.
Nov 04, 2024
A man works on his laptop.

What is a high-yield savings account? Definition and what to consider

Here’s everything you need to know about high-yield savings accounts.
Nov 04, 2024
A voter casts his ballot.

Election Day 2024: Is your bank closing early today?

Here’s a look at what a number of popular banks are doing.
Nov 04, 2024
Illustration of a US Federal Reserve ink stamp

6 key ways the Federal Reserve impacts your money

Every financial decision you make is impacted by the Federal Reserve.
Nov 04, 2024
Illustration of Fed Chair Jerome Powell

November Fed meeting preview: The Fed eyes another rate cut as elections, hurricane uncertainties loom

Some high-profile economists have called the Fed’s half-point call “a mistake.”
Nov 04, 2024
Design element with Jerome H. Powell chairman of the Board of Governors

September Fed meeting preview: How big will the Fed’s first interest rate cut be?

Rate cuts are coming. Just don’t call this a low-rate environment just yet.
Nov 04, 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
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