Savings Accounts

Saving Money

Saving money now is the key to getting what you want out of life later on, such as buying a house or retiring. Learn why paying yourself first is an important money habit to develop sooner rather than later.

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Checking Accounts

A checking account is a vital tool. It enables you to safely deposit your money in an account that you can easily access by using checks or a debit card. Find out why no financial plan is complete without one.

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Credit Cards

Credit cards let you make purchases now and pay for them later while helping you build credit. Sounds great, right? It can be, but credit cards also come with the risk of debt with high interest. Learn how to use them responsibly.

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Best Savings Accounts

The best savings accounts have high interest rates so you can grow your money over time. GOBankingRates surveys the best savings accounts from financial institutions nationwide so you can find an account that makes your money work for you.

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Saving for the Future

Saving money is the key to setting yourself up for financial stability. As a general rule, you should aim to save at least six months’ worth of expenses in an emergency fund in case you lose your job or you have an unexpected expense, such as medical bills or a major car repair. It's also a good idea to save for future goals like retirement. Savings accounts offer a number of advantages that keeping your money in a piggy bank or under the mattress simply won't provide — most notably, interest.

One of the biggest benefits of a savings account is the interest you can earn on your deposit. Additionally, the FDIC insures all savings account deposits up to $250,000 per depositor.

Another advantage of having a savings account is liquidity, which means funds are accessible at any time, though that access is limited to a maximum of six withdrawals per monthly statement cycle.