A savings account is a good place to keep money for a later date, separate from everyday spending cash, because it offers safety, liquidity and interest-earning potential for your funds.

A high-yield savings account pays significantly more interest than traditional savings accounts — currently up to 10 times the national average. These accounts are typically offered by online ...

Vault’s Viewpoint on 7% Interest Savings Accounts. As of November 2024, no banks offer a 7% interest rate savings account. However, two credit unions offer 7% on select checking accounts.

What is a savings account? Definition, how it works. Sarah Sharkey. November 9, 2024 at 11:47 PM. Copied; Key takeaways.