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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

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What Is a High-Yield Savings Account?

Marianne Hayes profile imageBy Marianne Hayes
Jun 17, 2025
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8 Things to Know About Savings Accounts

Marianne Hayes profile imageBy Marianne Hayes
Jun 25, 2024
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High-Yield Savings Account vs. Traditional Savings Account

Jim Akin profile imageBy Jim Akin
Nov 4, 2023

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The latest from our experts

7 Types of Savings Accounts

Whatever your savings goals, there's a type of savings account that can provide the intere...

Gayle Sato profile imageBy Gayle Sato
Jun 24, 2025

7 Ways to Earn More Money on Your Savings

Make your savings work for you. Earn more interest on your savings by using high-yielding ...

Emily Batdorf profile imageBy Emily Batdorf
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How to Open a Savings Account

You can open a savings account by comparing options from different banks, choosing your ac...

Karen Axelton profile imageBy Karen Axelton
Jun 17, 2025

Are High-Yield Savings Accounts Safe?

There are virtually no real risks of high-yield savings accounts. As long as you stay with...

Marianne Hayes profile imageBy Marianne Hayes
Jun 16, 2025

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...

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