I've been using savings accounts and deposits for a long time. Usually, they have monthly capitalization. But I've heard that there are some savings accounts which offer daily capitalization. This seemed like an interesting idea: I thought that seeing the savings grow day by day would help me save more (and enjoy it). And it turned out to be true. Finally, I've found an offer for high yield savings account with daily capitalization. And it forced me to put every penny possible into it. Which leads to more thoughtful spending and more rational money management. Of course, you should choose the best yield account, regardless of capitalization frequency. But seeing small daily gains creates a "snowball effect" of motivation. After a bit of time you see a reasonable amount of money saved. One more important thing that such accounts help with is seeing how much money you can set aside. And in my case, I can transfer money back and forth, which is more flexible than a deposit.