Opening checking and savings at different banks often earns more interest and makes spending and saving feel clearer.

Standout benefits: The Capital One Kids Savings Account has a competitive APY, no fees and no account minimum. Starting at age 8, your child can also open a Capital One MONEY Teen Checking account with more access. Both will automatically convert into an adult Capital One 360 Performance Savings™ when they turn 18.

(NewsNation) — Savings accounts are a great place to stash cash for a rainy day but the benefits — and costs — vary from bank to bank. In 2022, the typical American had $8,000 in cash across their bank accounts, according to data from the Federal ...

Learn more With recent interest rate cuts from the Federal Reserve, Americans have seen many savings account rates fall. Now, the national average APY for savings accounts ranges between 0.39% to 0.42%,

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance. According to Wednesday's latest report from the Bureau of ...