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
How Much Interest Does One Million Dollars Earn Per Year?
Lacey Stark
Investing $10,000 in a CD: How Much You Could Earn in a Year
Benjamin Locke
Current CD Rates of July 2023
SuperMoney Team
Short-Term CD vs. Long-Term CD: Comparison & Which To Choose
Benjamin Locke
CD Ladder Strategy: Explanation, Pros & Cons
Chip Stapleton
Are We Headed for Another Great Depression?
Miron Lulic
Happily Ever After: Protect Yourself Financially
Julie Bawden-Davis
Top 7 Investments For $1,000 In Savings
Andrew Latham
Current Savings Account Rates (Week Of November 20th, 2023)
Miriam Belen-Rodriguez
Why is Saving Money So Dang Hard?
Jennifer Leonhardi