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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

4.08%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

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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.

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 0.6%. Enter an APY to see how much you can save, or choose an APY from one of our partners.

    Learn more
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    What is a savings account? Definition, how it works

    Here’s everything you need to know about savings accounts.
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    How to open a savings account: 7 steps to take

    Ready to open a savings account? Here’s what you’ll need to know.
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    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.
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    10 types of savings accounts: Where to save your money

    The best account to save your money will vary by your goal.
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    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

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    Savings bonds: What they are and how to cash them in

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    May 23, 2025
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    National average money market account rates for May 2025

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    May 19, 2025
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    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
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    What is a business money market savings account?

    Business money market accounts offer higher yields while maintaining access to funds.
    Mar 18, 2025
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    Is it safe to link bank accounts?

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    May 28, 2025
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    Overdraft fees vs. NSF fees: How they differ

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    May 28, 2025
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    Step-up CDs: What they are and how they work

    Step-up CDs can help you potentially earn a higher rate of return later on.
    May 27, 2025
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    What is direct deposit? Here’s how it works

    Setting up direct deposit is typically easy and can save you a lot of time. Here’s how.
    May 27, 2025
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    May 27, 2025
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    High-yield savings rates today: May 26, 2025 | Top yield remains at 4.40% despite economic uncertainty

    Top APYs on high-yield savings are above 4%, despite a recent U.S. credit downgrade.
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