GOBankingRates

All You Need To Know About Savings Accounts

Why open a savings account? Saving money is the key to setting yourself up for financial stability. Most people at least need an emergency savings account for surprise expenses, while it's also a good idea to save for future goals like college or retirement. Savings accounts offer a number of advantages that keeping your money in a piggy bank or under the mattress just won't provide: Savings Account Interest Rates: One of the biggest benefits of a savings account is the interest you can earn on your deposit. FDIC Insurance: Unlike a stock market investment, the Federal Deposit Insurance Corporation insures all savings account deposits up to $250,000 per depositor. Liquidity: Savings accounts are designed to promote financial stability by encouraging you to save your money for the future, and as such, are not meant to be structured as transactional accounts. Although your money is generally available to you upon your request, there are regulations set forth by the Federal Government that limit the number of withdrawals from most savings accounts to a maximum of six withdrawals per monthly statement cycle. For additional information regarding savings accounts, please contact the financial institutions directly. We do the work for you by collecting savings interest rates from local, national and online financial institutions across the nation and rank them in our rates table from the best savings account rates to the lowest. This lets you see the most competitive rates without any of the work. GOBankingRates brings you studies, tips and how-to advice on finding the right account for you. The best savings account rates are those that offer the highest savings account interest rates with low fees and additional perks offered by the bank. When choosing a new account, start by locating the top savings rates and then dig deeper into the product to ensure it's right for you. Find the best savings account rates in your region or state:

Most Read Savings Account Articles

Summer Saver Interest Rate Today: 3.00% APY From Glendale Area Schools Federal Credit Union

When school's out for summer, the savings are on.

Read More »

7 Goals You Can Achieve With a Savings Account in Boulder

Find out how to use your savings account to achieve your goals in Boulder, Colo.

Read More »

7 Ways to Grow Your Savings Account in Fort Collins

Use these tips to increase your savings.

Read More »

7 Best Features of Savings Accounts in Colorado Springs

Check out these savings account features that make your life easier and help you save more money.

Read More »

Kids and Christmas Club Account Rates of 1.00% From Texas Telcom Credit Union

Two deposit accounts with one savings goal.

Read More »

The Biggest Myth About What Your Wedding Should Cost

A number made up by the wedding industry, see how to save on your wedding.

Read More »

Vacation Club Savings Accounts: Post Office Credit Union of Maryland at 0.75% APY

Start saving for those summertime plans.

Read More »

How to Earn 1.05% APY on Your Savings From Salem Five Direct in Boston

GOBankingRates shows how Salem Five Direct's savings account APY beats the national average. Learn how to get 1.05% APY on your savings in B...

Read More »

How to Find the Best Savings Account Interest Rates

Just about every bank and credit union offers some type of savings account – often several – which makes finding and comparing accounts time-consuming and difficult. That’s why we do the work for you by collecting savings interest rates from local, national and online financial institutions across the nation and rank them in our rates table from the best savings account rates to the lowest. This lets you see the most competitive rates without any of the work.

You should know that the best interest rates are not the only thing you should be looking at when comparing savings accounts, however. Things like fees, account minimums and bank stability should also be considered. With that in mind check out our review of the best savings accounts of 2015.