When shopping for a savings account, compare APYs, or annual high percentage yields. More frequent compounding helps your balance grow because you earn interest on your interest more often.

In fact, with a 5% interest savings account, your money grows around 10 times faster than with a traditional savings account. Here is a side-by-side comparison showing you the growth over 15 years ...

Discover current average interest rates on savings accounts, and current rates for different types of savings accounts at ...

How much interest you can earn, however, depends on where savings rates currently stand.

Open a new bank account today and earn a top interest rate. Our experts have researched the best rates on checking, savings, ...

The Federal Reserve on Wednesday decided yet again to stand pat on interest rates. Despite the Fed’s inaction, there are ...

While not always the case, overall, CD accounts tend to have higher interest rates than money market accounts. Right now, CD ...

Even when the economy is strong, the interest rates on savings accounts tend to be low. If you compare this to real estate or stock portfolio returns, you might wonder why you should hold a ...

Tariffs, inflation and a looming recession make it more important than ever to keep up with your savings goals.

NerdWallet Canada selects the best high-interest savings accounts based on several criteria. Factors in our evaluation methodology include annual percentage yields, minimum balances, fees ...