What is the best interest rate on savings accounts?

Back to learn

What is the best interest rate on savings accounts?

Rounding it up

  • There are a variety of savings accounts to choose from; your choice should depend on your goals, whether long-term, short-term, or in-between.

  • Financial institutions have their own best interests in mind and, so as a consumer, you have to be keen on keeping your own best interests in mind.

  • To maximize the benefit of a short-term savings account, look for a savings account with the best possible interest rate and the lowest fees.

7 min read

Yekaterina Galanova
#interest#interest rate#savings#savings account

Yekaterina Galanova

Yekaterina Galanova enjoys writing about personal finance, as well as aesthetic topics, though she is open to discovering new niches. She enjoys reading, traveling and beautiful landscapes.

Recent Articles

What effects do low interest rates have on the economy?

Should your spending change when interest rates rise?

Which assets do well with rising interest rates?

How do interest rates impact the stock market?

Why Instant Pay is becoming more popular during inflation

What are the pros and cons of inflation for consumers?

Related articles

How much does inflation affect retirement?

3 mins

Ally Streelman

Don’t let inflation cramp your future. Learn how it affects your retirement and what you can do.


How much does inflation affect retirement?

3 mins

Ally Streelman

Don’t let inflation cramp your future. Learn how it affects your retirement and what you can do.


#retirement

#savings

#inflation

logo.koho

Company

AboutCareersCultureGamerLearnPartnersTravelStatus

Connect

The KOHO Mastercard® Prepaid card is issued by KOHO Financial Inc. pursuant to license by Mastercard International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

By using this website, you accept our Terms and Conditions. Follow these links for more information on our Privacy Policy, Accessibility Policy and Multi-Year Accessibility Plan. © 2022 KOHO Financial Inc.