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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?

Kathryn Pomroy profile imageBy Kathryn Pomroy
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
May 14, 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

How Often Do High-Yield Savings Rates Change?

Kathryn Pomroy profile imageBy Kathryn Pomroy
Mar 22, 2023

How Much Money Should I Put in My High-Yield Savings Account?

Tim Maxwell profile imageBy Tim Maxwell
Sep 20, 2023

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The latest from our experts

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

Individual and joint savings accounts can both help you save cash, but the right choice de...

Aly J. Yale profile imageBy Aly J. Yale
Jun 6, 2025

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

Either an IRA or a high-yield savings account will help you save money, but one's optimize...

Gayle Sato profile imageBy Gayle Sato
May 31, 2025

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

In general, you can't lose money in a high-yield savings account since it's considered a s...

Sarah Archambault profile imageBy Sarah Archambault
May 26, 2025

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

Choose a high-yield savings account when you may need to access your money in the near fut...

Gayle Sato profile imageBy Gayle Sato
May 25, 2025

How Many Savings Accounts Should I Have?

Having one savings account is usually enough, but opening multiple accounts can give you m...

LaToya Irby profile imageBy LaToya Irby
May 21, 2025

Are High-Yield Savings Accounts Taxable?

Use 1099-INT forms from your financial institution and IRS Form 1040 to report high-yield ...

Gayle Sato profile imageBy Gayle Sato
May 15, 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

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

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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