The wide availability of credit in the 1960s saw the decline of the very American practice of saving. In the decades that followed, Americans went from having one of the highest savings rates in the world to one of the lowest. Now, however, it seems as though consumers have become more financially cautious. Savings accounts have become more attractive—and high interest online savings accounts add the extra advantages of a better interest rate plus greater accessibility.
True, interest rates for savings accounts often are conservative. But these financial tools, above all else, are safe and reliable.
Bottom line: Knit yourself a net and start saving now.