You may think a savings account is just a savings account, but there are different types, each with pros and cons. Some offer higher annual percentage yields (APY) when you maintain a certain balance, ...

Your overall financial picture may require using one or more savings accounts to reach your financial goals. Let’s review some of the most common savings accounts and the types of savers these ...

Get savings rates that surpass the national average ...

Savings account yields are much higher than a few years ago Top rates may fall if the Federal Reserve cuts interest rates Online banks tend to offer the best yields available Rates on savings accounts ...

A savings account is a type of deposit account at a bank, credit union or other financial institution that earns interest. Savings accounts are typically used to achieve short-term financial goals, ...

Money’s Main Takeaways We found a wealth of high rates from traditional savings accounts. Many financial institutions offer interest rates between 4.50% and 5.26% — around 10 times more than the ...

This savings account earns a competitive rate and does not charge monthly fees. However, it requires a minimum opening balance of $500. You can access banking features, including checking your balance ...

What Is a Good Interest Rate on a Savings Account? You’ll typically find the best savings interest rate offered by what’s known as a high-yield savings account. A high-yield savings account offers ...

Just under 0.40%. That's what the average interest rate on a traditional savings account is currently, in the early days of 2026, according to the FDIC. Put another way: Savers will only earn 39 cents ...

The savings portion of SoFi’s combination checking and savings account offers up to 3.60% APY (variable and subject to change). To earn that rate, you'll need to do one of the following: 1. Enroll in ...

With more than 15 years of experience crafting content about all aspects of personal finance, Michael Benninger knows how to identify smart moves for your money. His work has been published by Intuit, ...