3 easy steps to double your savings in one year. Small strides are still strides in the right direction. You don't need to set aside $100,000 to make noticeable gains with your savings.

Regular savings accounts currently offer an average rate of 0.42%, according to the FDIC. High-yield savings accounts , on the other hand, boast rates of up to 5.05%. That's more than 10 times higher.

According to the Federal Reserve Board's 2022 Survey of Consumer Finances, in households headed by someone 65 to 74, the median retirement savings was just $200,000.

Depending on the type of savings bond you have, ... How To Cash in Savings Bonds: Simple Step-by-Step Guide. Allison Hache. February 5, 2025 at 10:00 AM. Copied; Dean Drobot / Shutterstock.com.

With a HELOC, a borrower can use as much or as little of the loan as they need, whenever they need it, during the draw period, which is typically a 10-year period.

For many small business owners, setting up an employee retirement plan is expensive, complex, and requires federal filing they’d rather not deal with. A SIMPLE IRA is a retirement savings ...