If you’re looking to save more money beyond your regular savings account, consider adding a money market account (MMA) to the mix. A money market account can earn at a higher rate than a savings account, especially if you have a larger balance to deposit. Many MMAs tier their rates […]
Updated on Thursday, October 14, 2021 Annual percentage yield (APY) is a percentage that indicates an investment’s actual rate of return — in other words, how much it grows — in a year. The key difference between APY and an interest rate is that APY factors in compound interest. An […]
Updated on Monday, September 20, 2021 Talk of universal basic income (UBI) in the U.S. remains in the news nearly a year after a presidential election and amid a global pandemic. Though measures like economic impact payments (stimulus checks) and advance child tax credits have been compared to UBI, a […]
Updated on Friday, June 18, 2021 Whether you’re choosing a bank for the first time or debating switching to a new one, there are multiple factors you should consider to ensure the bank you choose is the right one for you. Specifically, you should identify your own unique needs that […]
A savings account is a key component of everyone’s financial life, but not everyone needs the same thing from their savings account. We’ve outlined the best savings accounts in several categories to help you find the right one for your preferences, whether that’s earning a high interest rate, dodging fees […]
Updated on Wednesday, June 9, 2021 Are you looking to start or grow a business? Opening a business savings account can offer federal protection for the funds you deposit (up to $250,000) and provide a source of liquidity should inevitable expenses arise. You can earn interest while setting aside money […]
Updated on Wednesday, May 19, 2021 The future of banking is online — and you don’t want to miss it. Online banking has become almost synonymous with low fees and earning top-notch interest rates, in addition to convenient account access. Whether you’re looking to take your entire banking suite completely […]
Kate Ashford You deposit money in the bank because it’s safe and always available when you need it. But who ensures that the money kept in banks and credit unions is safe? That’s the job of the FDIC and the NCUA. The FDIC is the Federal Deposit Insurance Corporation, the […]
James Ellis iStock If you’ve ever spent more money than you had in your checking account and got slammed with overdraft fees, you know how quickly they can drain your wallet. You might not even realize you’ve overdrawn your account and keep racking up additional charges before it hits you. […]
Lauren Perez There’s no shortage of checking account bonus offers, with everyone from small local banks to the big household names offering hundreds of dollars to new customers. Banks know it’s hard to get you to leave your old bank, especially when you’re comfortable with the accounts you have. But […]
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