Savings Accounts Knowledge Center
MoneyRates tracks savings account rates from hundreds of banks and also reports on how interest-rate trends affect your savings.
Read these articles designed to help you save money and get more out of your savings.
How to Save Money
Browse through the articles listed below for advice on saving money, including:
- Planning savings to meet your goals
- Ways to save money every day
- Building an emergency fund
Getting More Out of Your Savings Account
Make the effort you put into saving money really pay off by getting more out of your bank. Find advice on:
- Choosing a bank that pays a higher interest rate
- Avoiding unnecessary bank fees
- How the latest Federal Reserve decisions affect your savings account interest
Find out how your savings can do more for you.
You need to lock in competitive interest rates on your savings accounts to earn a great income on your cash deposits. But there are countless banks and savings accounts, so how do you choose? Here’s what you need to know about Raisin and how it works. What Is Raisin? Founded in 2012 as SaveBetter, Raisin… Continue reading Maximizing Cash Deposits with Raisin’s High-Yield Savings Marketplace
Headquartered in Chicago, M1 Finance is a financial services company specializing in automated investing, borrowing, and banking products. It now offers a high-yield savings account with an impressive APY that you may not be able to find at other banks and financial institutions. Keep reading to find out how the M1 high-yield savings account works… Continue reading M1 Savings Review 2023
Are you comfortable with online savings accounts? Do you want the chance to earn more than the interest generally associated with a traditional savings account? Opening a high-yield savings account offered by online financial services companies is a good way to reap these rewards, so the Save Market Savings account, which is offered by Save… Continue reading Save Market Savings Review 2023
If you still have money languishing in a regular savings account and earning next to nothing in interest, now is the time to look for better options. At Alliant Credit Union, you can choose between a high-yield savings account and certificates of deposit, both of which offer competitive interest rates that exceed many other institutions.… Continue reading Alliant Credit Union CD & High Yield Savings Review 2023
Opening a savings account at a local bank might appeal to you if you want to manage your money in person at a branch. If you live in West Virginia, the Bank of Mingo is one option. Mingo offers passbook savings accounts and certificate of deposit (CD) accounts to help you reach your goals. Our… Continue reading Bank of Mingo Savings Review 2023
High-yield savings accounts and CD accounts can help you reach your financial goals in different ways. If you’re interested in getting the best rates for your savings, it’s essential to shop around to find the right bank. Bask Bank offers competitive rates and no monthly fees for savings accounts and CDs. Our Bask Bank review… Continue reading Bask Bank High Yield Savings Accounts and CD Review 2023
It might seem complicated or risky if you have never used direct deposit before. The truth is that direct deposit is a very safe way to handle transferring funds from one account to another. It’s so safe that millions of people use it daily – it’s even a favored payment method for the U.S. government.… Continue reading Guide to Direct Deposit: How to Make Deposits the Easy Way
Depending on the accounts you have, you may be able to earn interest and grow your hard-earned money. But interest rates are not created equal and can vary significantly from one account to another. If you find an account with a higher interest rate than the one you currently have, you might wonder whether it… Continue reading Is It Worth It to Switch Accounts for a Higher Interest Rate?
Whether you hope to build an emergency fund, buy a new car, go on vacation, or retire, various savings products are at your disposal. However, the ideal place for your savings will depend on your unique situation. Below we’ll take a closer look at the best places to save money and earn interest so you… Continue reading Best Places to Save Money & Earn Interest 2023
Each spring, households across the country find themselves with hundreds or even thousands of extra dollars, thanks to state and federal tax refunds. What you do with that money depends on your current financial situation. You might need it to catch up on bills or pay down debt, or you may have the money earmarked… Continue reading The Best Place for Your 2023 Tax Refund: Savings, CDs, & Investments