What Is a Savings Account?

A savings account is a safe place to store cash and earn interest. Rates on some accounts are above 5%.
Margarette Burnette
By Margarette Burnette  
Updated
GettyImages-502521786.jpg-savings-accounts-basics

Many or all of the products featured here are from our partners who compensate us. This influences which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.

Table of Contents