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Banking

Average Savings Account Interest in 2022

What Is the Average Interest Rate on a Savings Account?

A savings account is a safe place to store extra cash and earn interest. Yields on some accounts are well above the typical savings interest rate. Learn more.
Lauren Ward

Lauren Ward

Updated October 24, 2025

Latest

Joint Bank Accounts for Married Couples

Debating sharing a bank account with a spouse? Learn more about the pros and cons and if a married joint bank account is right for you.

Jacqueline DeMarco
March 20, 2023
3 min read
Joint Bank Accounts for Married Couples

What Is FDIC Insurance?

Generally, the FDIC provides up to $250K in federal deposit insurance coverage for your single bank account if your FDIC-insured institution fails. Learn more.

Sulaiman Abdur-Rahman
March 14, 2023
6 min read
What Is FDIC Insurance?

20 Savings Challenges to Help You Save in 2023

Money-saving challenges can help make saving money more fun — and they really work. Find out which of these 20 savings challenges suits your style best.

Lauren Ward
March 10, 2023
13 min read
20 Savings Challenges to Help You Save in 2023

How Much Money Do People Keep in Their Checking and Savings Accounts?

Savings accounts sometimes provide advantages over checking accounts as far as interest, but it's important to keep some cash accessible. Learn more.

Austin Kilham
March 10, 2023
5 min read
How Much Money Do People Keep in Their Checking and Savings Accounts?

Comparing No-Penalty CDs vs Savings Accounts

No-penalty certificates of deposit have some advantages over savings accounts as far as interest rates, but they have downsides, too. Learn more.

Sulaiman Abdur-Rahman
March 9, 2023
5 min read
Comparing No-Penalty CDs vs Savings Accounts

Guide to Making Direct Deposits Into a Savings Account

Can you direct deposit into a savings account? Learn about direct deposit, the benefits, and how to set up direct deposits into your savings account.

Rebecca Safier
March 9, 2023
8 min read
Guide to Making Direct Deposits Into a Savings Account

How Do Banks Make Money and Generate a Profit?

How do banks earn income? Learn about the different ways banks make money, how they keep up with their expenses and the ways to reduce your banking costs.

Chris Alexis
March 9, 2023
8 min read
How Do Banks Make Money and Generate a Profit?

Guide to Saving Money As a Teenager

It's never too early to start saving money. Read our guide to learn more about how you can start saving money as a teenager.

Walecia Konrad
March 8, 2023
11 min read
Guide to Saving Money As a Teenager

Guide to Savings Plans

Savings plans are ways to save money for specific reasons, like emergency funds, in a certain amount of time. Learn about savings plans and how they work.

Susan Guillory
March 6, 2023
11 min read
Guide to Savings Plans

Should I Open a Savings Account? Is It Worth It?

Is opening a savings account worth it? Learn more about the use-cases and benefits of a savings account and why you should consider opening one.

Susan Guillory
March 6, 2023
7 min read
Should I Open a Savings Account? Is It Worth It?

Guide to Minimum Balance for Savings Accounts

What is the typical minimum savings account balance? Learn about the minimum balance for a savings account, why banks have them, and what to expect from banks.

Chris Alexis
March 6, 2023
7 min read
Guide to Minimum Balance for Savings Accounts

6-Month Money Saving Challenges

Setting a savings challenge for yourself can be an effective way to stay committed to saving money. Learn more about some 6-month savings challenges.

Caroline Banton
March 6, 2023
7 min read
6-Month Money Saving Challenges