Online Savings Accounts

There’s lots of options when it comes to saving money. Below we outline savings accounts, money market accounts, and cash management accounts.

Opening your first bank account used to be a rite of passage. It normally involved going to the local neighborhood branch to sign up for a standard checking account and, in most cases, an accompanying savings account. From there, you were on the path to financial independence as a young adult. 

Saving money, in some capacity, is important for a number of reasons. The average American, however, is saving just 7.9% of their disposable income, according to Statistica. It’s now being recommended by financial experts to save at least 15% of your earnings, whether it’s going towards an emergency savings account or a retirement fund.