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
Encyclopedia Articles
Discover the definition of financial terms related to savings accounts.
What Is a Savings Account? Definition, Types, and Benefits
Andrew Latham
High-Yield Savings Account (HYSA): Definition and Mechanics
Andrew Latham
What Is a Certificate of Deposit (CD)? Definition and How CDs Work
Andrew Latham
What Is FDIC Insurance? Coverage Limits and How Deposit Protection Works
Andrew Latham
What Is a Credit Union? How It Works and How to Join
Andrew Latham
What is the annual equivalent rate (AER)? Definition, How It Works, and Examples
Abi Bus
What Is APY And How Is It Calculated?
SuperMoney Team
What Is a Rainy Day Fund? (And How It Differs From an Emergency Fund)
Andrew Latham
What Is A Share Savings Account?
Ossiana Tepfenhart
Account Balance: What It Is and How to Effectively Manage It
SuperMoney Team
Learn About Savings Accounts
Savings Accounts Pay 4.20% While the Average Pays 0.38%. Move Your Cash Before the Fed Meets
SuperMoney Team
Inflation Rose to 3.7% in September. Gas Is Up 34%, and That's Where Your Budget Is Getting Hit
SuperMoney Team
Your Bank Pays 0.37% While Inflation Runs 3.4%. After the Fed's Hike, Here's Where Your Cash Should Sit
SuperMoney Team
Current Savings Account Rates November 2024
Benjamin Locke
Trump Accounts Are Live: How to Claim the Free $1,000 for Your Kid (and What It's Really Worth)
SuperMoney Team
What Role Can Alternative Investments Play in Retirement Savings?
Michelle Jones
Marcus Increases The Interest Rate For Online Savings Account Again (February 2023)
News
Marcus By Goldman Sachs Increases Interest Rate For Online Savings Account To 3.50% (February 2023)
News
Marcus By Goldman Sachs Increases APY On Savings Account To 3.30% (December 2022)
News
CIT Bank's Savings Climb to 5.05% APY (July 2023)
SuperMoney Team
CIT Bank's Platinum Savings Hit 4.95% APY (June 2023)
SuperMoney Team
CIT Bank's Savings Climb to 4.85% APY And No-Penalty CDs Hit 4.90% APY (March 2023)
SuperMoney Team
CIT Bank's CDs Hit 5.0% APY And Savings Climb to 4.75% APY (March 2023)
News
CIT Bank's Maximum Interest Rate On CDs Drops To 4.65% (February 2023)
News
CIT Increases Interest Rates Further on Savings and CD Accounts (January 2023)
News
Can Opening or Closing Your Bank Account Hurt Your Credit?
Allison Martin