Smart Money Podcast: Which Accounts Can Make Me the Most Money?

Sean Pyles
By Sean Pyles 
Edited by Kathy Hinson

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Welcome to NerdWallet’s Smart Money podcast, where we answer your real-world money questions.

This week’s question is from Mariam in New Hampshire. She asks: “I have about $3,000 sitting in a savings account that’s not doing a whole lot for me. What’s the best way to make money off what’s sitting in my bank account?”

Know where every dollar goes
Find ways to spend more on the things you love, and less on the things you don’t.

Our tips

Consider savings accounts from online banks. They typically offer higher interest rates than traditional brick-and-mortar banks, so you can earn a higher return while keeping your money safe.

Cash management accounts are a trendy alternative to online savings accounts. They’re similar, so compare accounts to see which would give you the best interest rate.

CDs, or certificates of deposit, are another option. They often pay higher interest rates than savings accounts, though you'll have restricted access to your funds in exchange.

If you want to try your hand at investing, look into robo-advisors. You can get started with as little as $100. One warning: Don’t invest money you need within the next five years; investing is for a long-term goal.

Calculate Savings Interest
Investment details
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Total Balance


Principal valueTotal interest
Get more for your hard-earned money
Compare the top high-yield-savings and brokerage accounts and earn more money on your money.
Bird nest with money

More about savings and investing from NerdWallet

Have a money question? Text or call us at 901-730-6373. Or you can email us at [email protected]. To hear previous episodes, return to the podcast homepage.