Could You Be Getting More from Your Savings Account?

By: Katie Ormsby

Could You Be Getting More from Your Savings Account?
Image: PM Images / DigitalVision / Getty Images

About This Quiz

Do you want to make money without any effort? That's the beauty of a savings account. Just deposit your money and watch it grow. A traditional savings account could be keeping you from making extra money, though. By simply switching to a different type of savings account, you could be earning 20 times more interest on your money. 

We know that finances can be confusing, but this quiz can help you figure out which type of account could make you the most money. Answer these questions and we'll help you reach your savings goals.


savings 1 What type of savings account do you have?
Traditional savings account
High-yield savings account
Something else
I don't have a savings account.

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savings 2 How often do you need to withdraw from your savings?
A few times a month
A few times a year
Almost never
I don't have a savings account.

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savings 3 What percent of your income do you save?
Less than 15%
15% - 30%
More than 30%
I prefer not to say.

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savings 4 Would you consider opening a new savings account to get a sign-up bonus?
Yes
No
Maybe
I don't know.

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savings 5 What do you usually do with your tax refund?
Spend it on something fun
Deposit it into my savings account
Use it to pay expenses
I don't usually get a refund.

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savings 6 Which of these interest rates is closest to what your account earns?
0.01% - 0.10%
1% - 2%
More than 2%
I don't have an account.

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savings 7 What type of bank is your account with?
Traditional bank
Credit union
Online bank
I don't have an account.

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savings 8 Are you interested in a new savings account for a particular purchase?
Yes — something big, like a house.
Yes — something small, like a new phone.
No
I prefer not to say.

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savings 9 Which of these is most important to you?
Earning a high interest rate
Easy access to my money
They're equally important.
I prefer not to say.

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savings 10 Where do you keep your "rainy day" emergency fund?
My general savings account
A separate savings account
Somewhere else
I prefer not to say.

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You Got:

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