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.

The Best Savings Accounts in Minnesota for 2022

Shannon Lee
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  When choosing the best savings account in Minnesota, you’ll be met with a wide variety of options. In addition to over 260 banks and more than 162 credit unions in the state, several of them are headquartered there, including megabanks such as U.S. Bancorp and Bank of America. Keep in mind that this isn’t… Continue reading The Best Savings Accounts in Minnesota for 2022

The Best Savings Accounts in Michigan for 2022

Maryalene Laponsie
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  Surrounded by the Great Lakes, Michigan may be better known for its water than its banks, but both help make the state a good place to live. According to the Federal Deposit Insurance Corporation (FDIC), There are 81 banks in Michigan, and there are dozens of credit unions as well. Whether someone wants to… Continue reading The Best Savings Accounts in Michigan for 2022

The Best Savings Accounts in Maryland for 2022

Maryalene Laponsie
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  There are dozens of banks in Maryland — 87 belong to the Maryland Bankers Association — offering a range of savings, checking, and investment products. Those banks operate 1,400 branches and manage $140 billion in customer deposits, but they are far from the only financial institutions operating in the state. Credit unions and online… Continue reading The Best Savings Accounts in Maryland for 2022

The Best Savings Accounts in Georgia for 2022

Kevin Payne
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  One of the best ways to store money for the future is in a savings account. Whether you’re building an emergency fund or saving for a specific goal, like a family vacation or a new car, putting your money in a savings account can help you get there. If you live in Georgia, there… Continue reading The Best Savings Accounts in Georgia for 2022

The Best Savings Accounts in Maine for 2022

Rebecca Lake
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  Maine is home to a number of financial institutions, including commercial banks, savings banks, limited purpose banks, savings and loan associations, and credit unions. According to the Maine Bankers Association, there are 29 retail banks located throughout the state. If you live in Maine or would like to open a savings account there, you… Continue reading The Best Savings Accounts in Maine for 2022

The Best Savings Accounts in Louisiana for 2022

Shannon Lee
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  Where you invest your money is an important decision. The best savings accounts in Louisiana offer a wealth of opportunities to make the most of your cash by allowing you to earn interest while keeping your money readily available in the event of an emergency. If you’re ready to make your money work for… Continue reading The Best Savings Accounts in Louisiana for 2022

The Best Savings Accounts in Kentucky for 2022

Erin Gobler
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  Whether you’re saving for a large goal — such as the down payment on a home or an upcoming vacation — or are simply looking for somewhere to house your emergency savings, a high-yield savings account can be the perfect tool. Not only will it keep your money safe, but it will help you… Continue reading The Best Savings Accounts in Kentucky for 2022

The Best Savings Accounts in Kansas for 2022

Anna Baluch
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Currently, there are 50 banks headquartered in Kansas. This figure doesn’t include the online banks and credit unions serving residents across the Sunflower State. If you’re a Kansas saver trying to figure out where to park your money, you’ve come to the right place. Here’s our roundup of the best savings accounts in Kansas. The… Continue reading The Best Savings Accounts in Kansas for 2022

The Best Savings Accounts in Iowa for 2022

Rebecca Lake
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  Opening a savings account can help you to get closer to your goals. If you live in Iowa, you may be wondering what options you have for finding the best savings accounts. The Iowa Division of Banking reports that since 2005, the number of banks in Iowa has been on the decline. Still, there… Continue reading The Best Savings Accounts in Iowa for 2022

The Best Savings Accounts in Idaho in 2022

Kristin Marino
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  Idahoans don’t have the same number of banking choices as residents of larger states such as California and Texas, but that doesn’t mean they can’t still get a great savings rate. According to the FDIC, the state is home to 11 banks, and several national banks also have a presence in Idaho. However, residents’… Continue reading The Best Savings Accounts in Idaho in 2022

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