If you are working toward turning your savings into earnings, the low interest rates in today’s challenging economic climate have probably slowed your efforts. Rather than give up searching for increased rates, consider these reasons to continue your quest to find a way to raise your return.

See the big picture

While today’s interest rates on checking accounts and savings accounts won’t reward you with significant returns, it’s important to think of your long-term finances. Whether you’re looking to purchase your first car or deciding on the right time for retirement, use Bankrate’s savings goal calculator to determine how your savings efforts coupled with increased interest rates can help you reach your objectives at a faster pace.

A few points go a long way

An interest rate of 2.5 percent may not sound much better than 2 percent, but a small increase in your interest rate can lead to bigger earnings down the road. Use Bankrate’s savings rates comparison calculator to understand how a few tenths of a percentage point on a checking account or savings account can impact your earnings over the course of many years.

Small actions make a big difference

Building a bigger savings account is more than finding the highest interest rates. Finding a home with cheaper rent and cutting back on entertainment spending are just a few ways you can increase your monthly savings, which will help your account grow faster. And take a look at Bankrate’s lunch savings calculator to see how much money you can save by reducing your dining-out expenses.

Finally, there are plenty of places to park money that will welcome you with higher rates. Consider seeking a high-yield checking account or moving your money to a credit union. Think about where you hope to be financially in 10 years, and put together a program that will set you on the right track.