Savings Account FAQs & Basics
A List of Savings Accounts Offered by Online Banks in the U.S. View a complete list of savings accounts offered by online banks in the U.S. Compare the rates, minimum deposits, and minimum balances to earn APY. What Type of the Savings Accounts Are the Best? Learn what makes a good savings accounts and find out how to choose the best savings account based on fees, interest rates, and features. Savings Accounts vs. Bonds: Which is Better for Saving? Learn the differences between savings accounts and bonds, how they work, and how they can help build your savings. Are Savings Accounts Taxed by IRS? Find out whether or not the interest earnings on your high yields savings accounts can be taxed by the IRS. Saving or Invest Money in Stocks: Which is Better? Learn the differences between savings accounts and stocks so that you‘ll know how to use them wisely as you work to build wealth. Learn What is Compound Interest & How it Works Compound growth is the most powerful way to accumulate wealth for the long-term. Find out how it can help you increase your savings. 5 Steps You Must Take to Start Saving for Retirement In Your 30s Your 20s are a prime time to start saving for retirement but if you are already in your 30s, there is still time to build a financial cushion for the future. How to Maximize Your Savings When Interest Rates Are Rising When the Fed raises rates, will you be prepared to maximize your savings? See how to use savings accounts and CDs with a rising interest-rate strategy. Compare Excess Withdrawal Fees at Top U.S. Banks Savings accounts were designed to keep money in the bank to build interest -- not for withdrawals. Compare the excess withdrawal fee at the top banks. Should You Save for Retirement or for Your Kids' College? Should adults save for retirement or kids college funds? How to set goals to save for retirement and college using a 529 plan; how to choose which to do. How to Avoid Savings Withdrawal Fees MyBankTracker explains why savings withdrawal fees happen and how to avoid incurring them. How Health Savings Accounts (HSAs) Works Money Market Accounts Vs. CDs: Which is Better? Learn the differences between MMA accounts and CDs accounts, pros and cons keeping money in each type of the account and where to maximize it.