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Best savings accounts for different age brackets

Savings » Best Savings Accounts For Different Age Brackets

Growing up and growing your savings
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Growing up and growing your savings © zimmytws - Fotolia.com

Growing up and growing your savings

Depositing money into a savings account is only the first step toward personal finance empowerment. The fees and features of that account are equally important to your saving strategy. As the year begins, you should think about where your savings are and how they might best work for you, no matter what your age.

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"Regardless of what age bracket you fall into, make sure your savings account fits your individual needs and that you're getting the best return on your money," says Greg McBride, CFA, senior vice president and chief financial analyst at Bankrate.

Those individual needs can vary as you get older. Whether your child is starting the first day of elementary school or you're starting your first day of retirement, here's a look at the best savings accounts based on age.

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