Michael and Susan Dell pledged $6.25 billion to Trump Accounts to help fund savings accounts for millions of American kids. Here's what to know about eligibility and how to open an account for your ...

Sabrina Karl has over two decades of experience writing about savings, CDs, and other banking topics. She is currently a full-time staff writer at Investopedia and one of the country's top experts on ...

Trump accounts are a new type of tax-deferred investment vehicle for U.S. children, created under President Trump's "big, beautiful bill" tax and spending bill, which promises $1,000 seed ...

Understanding how much of your income you should be saving is an important part of taking control of your finances. Once you build a good saving habit, you will find it much easier to achieve your ...

As 2025 winds down, there's one move that could boost your returns in the year ahead: moving your savings out of a traditional bank account. Despite the Fed's multiple rate cuts, high-yield savings ...

HSAs offer a triple tax benefit for qualified healthcare expenses and allow investment growth. Eligibility for an HSA requires enrolling in a high-deductible health plan. Contribution limits for HSAs ...

Editor's Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC Select will update as changes are made public.

Faye was Headline Money Consumer Money Journalist of 2023 and a Wincott Award finalist in 2025. She's been investigating scams for nearly a decade. The income tax you pay on savings interest will rise ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Hilarey Gould has over a decade of journalism experience, with expertise in editing ...

Research shows kids' financial habits are largely developed by age 7, so it's critical to teach them to be smart about money early on. A savings account can help your young one understand the value of ...

The funds will go to the government's Invest America plan. In a major philanthropic move, billionaires Michael and Susan Dell are donating $6.25 billion to deposit $250 into savings accounts for up to ...

Most Americans leave thousands of dollars on the table every year by keeping their savings at traditional banks. Big names like Wells Fargo and Chase typically pay around 0.01% APY on savings accounts ...