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Savings accounts

Higher interest rates should mean more money for savers — but switching banks can be a hassle

by Matt Levin
Apr 18, 2023
The average yield for a savings account is under 1%. Depositors, however, don't always take the opportunity to get more.
Apple is offering a savings account, in partnership with Goldman Sachs, that pays more than 4% interest — way higher than the national average.
Patrick T. Fallon/AFP via Getty Images
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The federal spending bill could make it easier to save for emergencies

by Samantha Fields
Dec 22, 2022
Employers that offer retirement plans would also be able to offer a separate emergency savings plan.
Stefani Reynolds/Getty Images
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Why has it taken so long for savings account interest rates to start rising?

by Nancy Marshall-Genzer
Sep 16, 2022
The national average is still a paltry 0.13%, according to Bankrate, even as the Federal Reserve hikes interest rates.
Online banks tend to pay the highest rates on savings accounts because they don't have the same overhead costs as brick-and-mortar banks.
Frederic J. Brown/AFP via Getty Images
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More companies are starting emergency savings programs for employees

by Kristin Schwab
Oct 22, 2020
Are they any better than a traditional bank savings account?
A savings pot that isn't linked to your bank account could help to limit withdrawals.
John Moore/Getty Images
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COVID-19

How the COVID-19 economy is changing Americans' spending habits

by David Brancaccio , Chris Farrell , Candace Manriquez Wrenn and Erika Soderstrom
May 11, 2020
Post-lockdown spending sprees are looking a lot less likely.
Americans won't be racing out to spend money as lockdown restrictions ease, early indicators suggest.
Maddie Meyer/Getty Images
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Low interest rates have cost savers roughly half a trillion dollars

by Sabri Ben-Achour
Apr 10, 2019
The post-crisis financial policy has a downside.
Justin Sullivan/Getty Images
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Save more or owe more?

by Aaron Schrank
Feb 22, 2018
With wages and incomes up, more Americans say they are saving for a rainy day. But it might be wiser to use the money to pay down debt. Marketplace’s Aaron Schrank explains. Click the audio player above to hear the full story. 
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4 percent interest on savings? It sounds too good to be true

by Sally Herships
Jan 15, 2018
Startup Beam says it will offer high rates that are FDIC insured with no fees. Some in the industry say the math doesn't work.
Photo by Smith/Fox Photos/Hulton Archive/Getty Images
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