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Savings and Money Market Accounts
Find a safe place for your savings in light of stock market volatility
Last Updated: October 2024
All members are insured by FDIC or NCUA
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National Savings Rate Average: National Rate Average:
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ADVERTISER DISCLOSURE
Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). These offers do not represent all account options available. *APY (Annual Percentage Yield).Rates / Annual Percentage Yield terms are current as of the date indicated. Rates are subject to change without notice and may not be the same at all branches. These quotes are from banks, credit unions and thrifts, some of which have paid for a link to their website. Bank, thrift and credit unions are member FDIC or NCUA. Contact the financial institution for the terms and conditions that may apply to you.
Didn’t find what you’re looking for?
There are other account types that may be a better fit for your financial goals
CDHead-vector
Maybe a CD Account would be better for your needs

A Certificate of Deposit is a good choice if you’re looking for a fixed rate for an extended period. Savings rates are expected to drop, but if your money is locked into a CD, you’re guaranteed the same rate for the period of your choosing; 3 months to 5 years. What’s better than guaranteed interest for years to come?

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CDHead-vector
Saving for the long haul? Consider an Annuity.

An Annuity is an ideal product type for those looking for a safe, long-term plan – particularly for retirement. Keep in mind they come with penalties for early withdrawal, but they can offer guaranteed income with tax-deferred growth and a variety of options like fixed, indexed, or deferred. Who doesn’t want a steady stream of income? Typically, Annuities are most ideal for those 55 and older.

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CheckingHead-vector
A Cash Management Account could also be a good choice

A Cash Management Account is the solution for individuals looking for an efficient way to manage all their finances in one place. CMAs combine checking, savings and investing into one product. You also get the convenience of accessing your funds with check-writing, debit card access and flexible transactions. You save time by only having one banking platform.

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ARTICLES AND OTHER RESOURCES
Can't build savings? Try 'insulating' your finances

Every winter, there are reminders to do an energy audit of your home. An inefficient appliance here, some outdated insulation there can create a daily drain on your energy bill that adds up to hundreds of dollars over the course of a year. That may not be the only place you are leaking money though.

Consider doing a similar audit of your budget. Is your money well-insulated from unnecessary fees and expenses? Here are seven items that could be costing you savings.

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How conscious spending can increase your happiness

Erica Boles remembers when she first fell in love with travel: "I was in college and went to Los Angeles [from West Virginia]. It was the first time I really had an adventure on my own," she says. Fast forward seven years and Boles is an accomplished professional in Raleigh, NC, who has created a spending plan that serves her passion for globe-trotting.

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How 'segmenting' can earn you better bank terms

Today's low-interest-rate environment means that consumers have to do everything they can to pick up the slack. When interest is hard to come by, it is especially important not to let any opportunity to earn interest go to waste. One way to do this is to make sure your savings are properly segmented.

Different types of bank accounts have differing characteristics to meet a range of needs. Your job is to make sure you match your money with the right type of account.

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Headed to the altar? Discuss these money issues first

Savers don't only marry savers. Sometimes they marry spenders.

But that's OK, as long as the savers understand that they're hitching themselves to partners who'd rather spend their paychecks than stash them in a certificate of deposit.

"Spenders and savers are often attracted to each other. And that's great...

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5 common types of CD accounts: which one is right for you?

A certificate of deposit (CD) is a type of savings account that allows you to earn a higher rate of interest than a traditional savings account. The "catch" is that you have to leave your money in the CD for a certain amount of time (the term of the CD) or else you'll usually incur a fee for early withdrawal. CDs can provide you with a great option for increasing your savings especially if you select the CD that is right for you.

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"Hands off my savings!" How a money market account helps you save

Out of sight, out of mind: It's the mantra that keeps ice cream out of your freezer when you're trying to slim down. If something desirable is right in front of your nose, it's hard not to reach for it.

If you struggle with spending and saving, you may find that your wallet--and your checking account--are but brief rest stops for your hard-earned cash. Savings goals can be hard to meet when your debit card and checkbook are close at hand.

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