5 smart-money tips on low savings rates

Learn the best moves for savings growth
1 of 7
Stacks of coins

Borrowers love today's super low interest rates. But savers are very much out in the cold as returns on checking and savings accounts, certificates of deposit and money market funds have dropped from small digits to near zero.

The harsh reality is that many people who depend on income from their savings to get by will have to make big changes or sacrifices in their lifestyles, says Terry Nager, president of Southern Capital Services, an investment firm in Daphne, Ala.

"If the dollars aren't available, (account holders) have to cut their standard of living, go out on the risk curve to get more yield or (seek) employment, if that's a possibility. They have to do whatever it takes to survive," he says.

Savers who want other options don't have many choices, but there are some alternatives to consider. Here's a rundown of what you should know.




Show Bankrate's community sharing policy
          Connect with us

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Ask Dr. Don

Are my savings bonds safe?

Dear Dr. Don, I have approximately $20,000 in savings bonds. Given the state of the U.S. economy, should I cash them in? How safe are they if the economy tanks, the U.S. goes bankrupt or the country gets a serious credit... Read more

Partner Center

Connect with us