Here's a look at how to get a bit more for your money:
Better rates aren't always found in branches
If you want to make more money on your money, you're likely going to have to move some money around to another bank.
And you must realize that even the best rates aren't as good as they were earlier this year.
Rates on some high-yielding savings accounts had been as high as 2.25% just a few months ago. But those rates have been coming down as banks began anticipating a round of rate cuts by the Fed.
In early September, online savings accounts were promoting an annual percentage yield of around 2% or higher -- including Marcus by Goldman Sachs (2% with no minimum deposit), Ally Bank (1.9% with no minimum deposit) and Citibank's Citi Accelerate Savings account (2.21%, available in select markets, including Michigan, with no minimum starting balance but a $500 minimum monthly balance is required to avoid a monthly service fee).
"Many are available with no minimum deposit, or with very modest minimum deposits," said Greg McBride, chief financial analyst for Bankrate.com.
Pay attention to the rules and fees, as well as any fine print.
The Marcus by Goldman Sachs High-Yield Online savings account has an APY of 2% and there is no minimum deposit to open the account and no fees. But if the account is opened but there is no deposit made within 60 days of opening the account, Marcus by Goldman Sachs may close the account.
And don't try to use an online savings account as a pseudo-checking account.