You’ll need necessary documents — including a government-issued ID, social security number, and proof of address — to open an account. If you’re denied because of your banking history, there are banks ...

The Fed announced another rate cut last week, but high-yield savings accounts are still paying up to 5.00% APY -- for now.

NerdWallet's list of the best savings accounts feature options with great customer service, higher-than-average interest rates and low or no fees.

In a nutshell, a savings account provides a safe haven for your hard-earned money. You can also watch it grow effortlessly, as most earn an annual percentage yield (APY). Some financial institutions ...

On Oct. 24, 2025, the institution on our best high-yield savings account list with the highest APY is Axos Bank. Its ONE savings account earns a 4.51% APY.

A savings account allows you to hold your money, whether for an emergency fund, a short-term goal or a long-term, big-ticket item like your child’s education, your wedding or a down payment on a house ...

Beat average interest rates with one of the best high-yield savings accounts.

Kerri Anne Renzulli is a contributor to Buy Side and finance expert on taxes, retirement and banking. Updated September 9, 2024, 6:34 PM EDT If you want to keep your money safe—and earn something in ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. A savings account is a safe space for ...