
What banks do with your money after you deposit it
Your money doesn’t just sit in the bank. Here’s what it’s been up to.
Marcos Cabello is a financial journalist with five years of experience translating complex money matters into clear, actionable insights for readers. His reporting has been featured on CNET, NextAdvisor, and the Academic Times, where he has covered the full spectrum of personal finance topics—from insurance and investing to emerging trends like cryptocurrency. Marcos has developed a strong track record for explaining Federal Reserve policy decisions and their real-world impact in ways that empower individuals to make informed choices.
Before joining Bankrate, Marcos attended law school, where he honed his analytical skills before returning to his first passion: storytelling. His work blends legal precision with an accessible writing style, helping readers navigate financial decisions with confidence.
When he’s not behind the keyboard, Marcos can often be found playing video games, practicing magic tricks, publishing videos on TikTok and Instagram or diving into creative writing projects.
Saving money in today’s economy isn’t easy — especially if you’re just starting out. But with a plan, a strong savings account and steady contributions, you can start building your nest egg little by little.
— Marcos Cabello, J.D.
Your money doesn’t just sit in the bank. Here’s what it’s been up to.
Several banks are offering high-yield savings accounts well above 4 percent APY.
Read our experts' review on Citibank's features and product offerings. Bankrate reviews and compares hundreds of banks to help find the right fit for you.
Read our experts' review on U.S. Bank's features and product offerings. Bankrate reviews and compares hundreds of banks to help find the right fit for you.
Read our experts' review on Pentagon Federal Credit Union (PenFed)'s features and product offerings. Bankrate reviews and compares hundreds of banks to help find the right fit for you.
Read our experts' review on Bread Savings' features and product offerings. Bankrate reviews and compares hundreds of banks to help find the right fit for you.
Read our experts' review on TD Bank's features and product offerings. Bankrate reviews and compares hundreds of banks to help find the right fit for you.
Bask Bank is an online bank that offers one savings account that earns interest and another that earns American Airlines miles. It also has four CD terms.