If you want to have enough money for retirement, you need to start saving early and take advantage of compound interest. That way, you can easily transition into your golden years, maintain a healthy lifestyle, and perhaps even leave some money behind.
However, it’s crucial that you choose the best saving account possible. To help you out, we’ve found great options that everyone looking to save should explore. It might be a nice way to make a little extra cash if you’re considering the options of your account, or thinking of switching banks.
Money Market Savings Account with Customers Bank
With a minimum return of 2.25% APY, Customers Bank and their money market savings account is an option worthy of your consideration. Besides rates above national averages, Customers Bank helps you boost returns through a minimum $25,000 balance. Moreover, there are no penalties for up to six withdrawals per month. 
Customer Bank Senior Benefits
Senior customers will be glad to hear that money market accounts in this bank have FDIC insurance. This is not something that every money market account offers. Without such protections, you could lose a significant chunk of your savings due to a bank failure.  Furthermore, there are no hidden fees if you keep up the minimum $25,000 balance.
Finally, Customers Bank lets you open and access your account online.
Customer Bank Downsides
What Customer Bank doesn’t offer is a debit card, so you have to use electronic checks or visit your local branch to make a withdrawal.
High-Yield Online Savings Account with Voi Bank
This Voi Bank account pays out 2.46% APY and maintains high interests rates, unlike their competitors who lure you in and then drop rates.  Voi Bank lets you open and operate your account online, and includes a debit card. Lastly, it has FDIC insurance along with a maximum of six cash withdrawals per month.
Voi Bank Senior Benefits
Creating an account with Voi Bank is quick and easy and can be done online. Once you create your account, moving money without fees is very simple, and you only need $100 to start a savings account.
Voi Bank Downsides
The only real downside to this bank is that you have to pay a $10 fee each time you take cash out after the first six withdrawals. Also, don’t forget that one transaction per year is necessary to avoid getting your account closed. 
Direct Savings Account with HSBC
HSBC gives you as much as a 2.3% APY, and all you need is a $1 balance to open an account. HSBC comes insured through FDIC and offers easy online account management.  Transferring funds between HSBC accounts is also instant and can be done online.
HSBC Senior Benefits
There are no hidden fees or maintenance charges for HSBC savings accounts. What’s more, you can deposit checks no larger than $3.000 with their smartphone app. In addition to that, there’s a savings tool available on HSBC’s website.
The biggest downside is that savings account clients only have customer support through live chat and an automated phone system. To get to a person, you have first to use the online chat function.
Should You Open a Savings Account?
Even if you start thinking about retirement later than the rest of us, it’s a good idea to open up a savings account. Having a little extra money tucked away could never hurt, right?