Vanguard Money Market Funds pay better interest than most savings accounts; plus they offer the convenience of check-writing privileges. Check out vanguard.com for your state; If you are interested in long-term savings, where you don't need the money for taxes, mortgage, car, etc, other conservative funds pay more. Vanguard will let you talk to a human being for advice, also. Your bank usually will have pathetic rates for savings and CDs. Capitalone has a good MM rate if you use their Master Card.