Dec 1, 2024 · What Is a Savings Account? A savings account is an account at a bank or credit union that is designed to hold your money. Savings accounts typically pay a modest interest rate, but they …

Savings accounts are offered by banks and credit unions (although credit unions often call them share accounts) as a place to keep your cash. You deposit your money into a savings account, and the …

Feb 14, 2025 · What is a savings account? A savings account is a basic type of deposit account that enables you to put your money in a bank or credit union and earn interest on your funds. You can …

Nov 1, 2025 · A savings account is a type of deposit account provided by financial institutions like banks and credit unions. It is designed to hold funds that aren't intended for daily expenditure.

What is a savings account? A savings account is a deposit account that typically earns interest, is federally insured and held at a financial institution, such as a bank or credit union.

A savings account is a type of deposit account at a bank, credit union or other financial institution that earns interest.

Sep 25, 2024 · Looking to open your first savings account? Learn what defines a savings account, what you'll need before you open one and how to get started on saving.

Jul 22, 2024 · A savings account is an interest-earning bank account. While the purpose of a checking account is to manage your spending, a savings account is a place to grow some of your savings.

Oct 27, 2025 · A savings account is an interest-bearing bank account. Learn how savings accounts work and how to get more out of your savings account.

Unlike checking accounts, which are meant for everyday spending, savings accounts are typically used to build emergency funds, plan for future goals, or set money aside for short- or long-term needs.