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Savings account

Explore the many types of savings accounts and learn how to choose the right options for your financial goals.

Editors' picks

Young woman checking her finances while sitting on the sofa at home.

8 Things to Know About Savings Accounts

Marianne Hayes profile imageBy Marianne Hayes
Jun 25, 2024
A woman working and typing on laptop computer while sitting on balcony with mountains and green nature background.

High-Yield Savings Account vs. Traditional Savings Account

Jim Akin profile imageBy Jim Akin
Nov 4, 2023
Couple is reviewing their high yield savings account together

What Is a High-Yield Savings Account?

Marianne Hayes profile imageBy Marianne Hayes
Mar 23, 2023

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What others are reading

Couple weighing pros and cons of a high yield savings account

Pros and Cons of High-Yield Savings Accounts

A high-yield savings account can be a great place to keep your emergency fund, but there a...

Marianne Hayes profile imageBy Marianne Hayes
Mar 11, 2023

Best High-Yield Savings Accounts of May 2025

Louis DeNicola profile imageBy Louis DeNicola
Feb 12, 2025

Pros and Cons of Savings Accounts

Karen Axelton profile imageBy Karen Axelton
Sep 11, 2023

How to Create an Automated Savings Plan

Karen Axelton profile imageBy Karen Axelton
Jun 11, 2023

Are High-Yield Savings Accounts Taxable?

Gayle Sato profile imageBy Gayle Sato
May 7, 2023

How Often Do High-Yield Savings Rates Change?

Kathryn Pomroy profile imageBy Kathryn Pomroy
Mar 22, 2023

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The latest from our experts

Individual vs. Joint Savings Accounts: What’s the Difference?

Savings accounts allow you to stow away cash and earn interest on those funds over time. B...

Aly J. Yale profile imageBy Aly J. Yale
Jun 5, 2025

IRA vs. High-Yield Savings Account: What’s the Difference?

When it comes to choosing where to put your savings, the type of account makes a big diffe...

Gayle Sato profile imageBy Gayle Sato
May 30, 2025

High-Yield Savings Account vs. Roth IRA: What’s the Difference?

When you have money to save, you may consider choosing a high-yield savings account or a R...

Gayle Sato profile imageBy Gayle Sato
May 23, 2025

Can You Lose Money in a High-Yield Savings Account?

It’s uncommon to lose money in a high-yield savings account (HYSA). But despite being cons...

Sarah Archambault profile imageBy Sarah Archambault
May 23, 2025

How Do You Withdraw Money From a Savings Account?

You can withdraw money from your savings account by getting cash from an ATM, transferring...

Karen Axelton profile imageBy Karen Axelton
Jun 13, 2024

Savings Accounts vs. No-Penalty CDs: Which Is Better?

No-penalty CDs and savings accounts both earn interest while protecting your money. To cho...

Karen Axelton profile imageBy Karen Axelton
May 31, 2024

3 Signs You Need a New Savings Account

Here are three ways your current savings account may be falling flat, plus what to look fo...

Evelyn Waugh profile imageBy Evelyn Waugh
May 23, 2024

6 Myths About Savings Accounts—and the Facts

Do you think savings accounts are unsafe, don't earn money or require lots of cash to open...

Karen Axelton profile imageBy Karen Axelton
Feb 18, 2024

How to Save Money With a Tiered Savings Account

A tiered savings account can be a good place to keep your emergency fund or money you're s...

Marianne Hayes profile imageBy Marianne Hayes
Jan 30, 2024

What Is an Online Savings Account?

Looking for a high interest rate and low fees? You could open an online savings account. L...

Kim Porter profile imageBy Kim Porter
Jan 19, 2024

7 Reasons to Put Your Money in a High-Yield Savings Account

Putting your money in a high-yield savings account can offer safety, accessibility and abo...

Karen Axelton profile imageBy Karen Axelton
Jan 17, 2024

Why Do High-Yield Savings Account Rates Change?

If you have a high-yield savings account, here’s what you need to know about how interest ...

Ben Luthi profile imageBy Ben Luthi
Jan 15, 2024

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