When it comes to savings accounts, you actually have more options than you may think.
You don't need to — and ideally shouldn't — rely on just a traditional brick-and-mortar account from your local bank. You can consider a high-yield savings account, which still keeps your money accessible while offering a better return. Or think about opening a money market account, basically a savings and checking account combined.
Check out CNBC Select's Savings Marketplace to compare the best options for you.
With the Savings Marketplace, you can compare different accounts at a single glance. You can browse various account types based on location and deposit amount. The tool is free to use, and you won't have to enter any personal information to compare the offers.
Currently, CNBC Select's Savings Marketplace lets you search for the following types of accounts:
- Online savings / High-yield savings: You can access and manage an online savings account without having to visit a physical location. These accounts often provide highly competitive interest rates.
- Money market: A money market account has checking account features as well as saving. Savers can access a debit card and write checks, while also benefitting from a higher interest rate than they'd earn on a standalone checking account.
Whether you're opening your first savings account or looking to add another for a particular savings goal, the Savings Marketplace can help you easily compare your options and find the right account in just a few clicks.
Compare offers to find the best savings account
Why trust CNBC Select?
At CNBC Select, our mission is to provide our readers with high-quality service journalism and comprehensive consumer advice so they can make informed decisions with their money. Every savings article is based on rigorous reporting by our team of expert writers and editors with extensive knowledge of savings and banking products. While CNBC Select earns a commission from affiliate partners on many offers and links, we create all our content without input from our commercial team or any outside third parties, and we pride ourselves on our journalistic standards and ethics.
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