The average amount in U.S. savings accounts – how does your cash stack up?
Single people and young families tend to have significantly less saved.
Rhys Subitch is a Bankrate editor who supports an editorial team dedicated to developing educational content about deposits products for every part of life. Rhys has edited articles, reviews and guides covering a broad range of topics in the consumer loans space, and recently expanded their expertise into consumer banking. You'll now find them reviewing and guiding readers through the ins and outs of high-yield savings accounts, checking accounts, certificates of deposit and more.
While Rhys has worked with loans, credit cards and insurance in the past, they have shifted to content revolving around everything banking, where they are continuing to develop their expertise. In the past decade, Rhys has researched, edited and written for several independent publications, startups, a university and a Fortune 500 company.
When Rhys isn't working, they enjoy spending time editing their husband's art, reading and watching hockey. They currently reside in Tacoma, Washington.
Being content with where you're at financially doesn't preclude bettering it later. Take steps to stabilize your situation by choosing key foundational products — like low- or no-fee checking and savings accounts — and lock in healthy habits before taking steps to build wealth.
Your debt doesn't have to be tied to guilt — there are ways to ease it and empower yourself by being strategic about what and when you borrow.
— Rhys Subitch
Single people and young families tend to have significantly less saved.
These are the 10 largest credit unions in the United States based on assets.
Weigh the pros and cons to decide if debt consolidation is right for your situation.
A joint bank account can make financial life easier for those sharing finances.
Evaluate the benefits and drawbacks to decide if a credit union is right for you.
Most online banks are secure and pay better yields than brick-and-mortar banks.
Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
Bankrate’s list of all the failed banks in every U.S. state from 2009 to 2025.
We appreciate your feedback
Thank you for taking the time to share your experience.