SuperMoney

Savings Accounts

A savings account is a type of deposit account that is offered by banks and other financial institutions. Savings accounts are designed for consumers who want to save money, and they typically offer a higher interest rate than a checking account. Continue Reading Below  

Best Savings Accounts Picks

View SuperMoney's picks for the best products in savings accounts by category.

About Savings Accounts

A savings account is a type of deposit account that is offered by banks and other financial institutions. Savings accounts are designed for consumers who want to save money, and they typically offer a higher interest rate than a checking account. Savings accounts may have a minimum balance requirement, and they may limit the number of transactions that can be made each month. The interest rate on a savings account will vary depending on the specific account and the current market conditions. Savings accounts are a safe and convenient way to save money, and they can help you to reach your short-term and long-term financial goals. It is important to compare the terms and fees of different savings accounts before choosing one.