Banking Articles

Older woman getting assistance from a bank teller.

Feb. 22, 2025 | By Jake FitzGerald

Here's Why Retirees Need to Move Their Cash to a High-Yield Savings Account

High-yield savings accounts can offer high returns without the risk. Find out now what you're missing out on.

A woman sitting in a sunny window seat and checking her tablet.

Feb. 22, 2025 | By James McClenathen

Have a Bank of America Savings Account? You're Probably Missing Out on $300-Plus a Year

Bank of America's savings account APYs are extremely low. See how you could earn hundreds more per year with a high-yield savings account.

A pile of money with a seedling growing out of it

Feb. 21, 2025 | By James McClenathen

Have Lots of Money in Your Checking Account? Here Are 3 Better Places to Keep Your Cash

Almost everybody needs a checking account, but keeping too much money in checking could cost you thousands. Here are three better ways to use extra cash.

A couple counts the bills and coins they've saved in a jar.

Feb. 21, 2025 | By James McClenathen

Here's Why the Average American Should Have $19,800 or More in Savings

$19,800 is about how much the average American spends in three months. Here's why they should try to have that amount in savings.

Feb. 17, 2025 | By James McClenathen

This Is How Much Money You Can Make With $30K in a High-Yield Savings Account

At today's interest rates, a high-yield savings account would turn $30,000 into $66,000 in 20 years. But find out why you may want to put some money elsewhere.

Man sits at laptop and appears to be in thought.

Feb. 17, 2025 | By Jake FitzGerald

Should You Ever Break an Old CD Contract?

Breaking a CD contract is rarely the right move. If you're considering it, find out now what to look out for.

Feb. 16, 2025 | By Jake FitzGerald

3 Reasons I've Never Opened a CD -- Even With Rates Over 4%

CDs might seem like a no-brainer investment. But you could be missing out on even bigger returns. Read on to find out more.

A young man sits at his desk and looks over his investment accounts.

Feb. 16, 2025 | By James McClenathen

3 Good Reasons Not to Keep Money in a Savings Account

Everyone should have a savings account, but there are cases where you're better off putting your money somewhere else. Find out when this rule might apply.

A red piggy bank against a yellow background

Feb. 15, 2025 | By James McClenathen

This Banking Mistake Could Cost You Hundreds of Dollars a Year

Settling for a low savings account APY is one of the biggest financial mistakes you can make. Fortunately, it's easy to switch. Here's where to start.

A woman looking at her finances with a laptop and phone.

Feb. 15, 2025 | By Jake FitzGerald

It's Time to Ditch Your Old Bank Account -- These Online Banks Offer High Rates and No Fees

Too many Americans use the "set it and forget it" approach to their bank accounts. Find out how that could be costing you thousands of dollars.

Mature woman working from laptop with documents in hand.

Feb. 15, 2025 | By Jake FitzGerald

4 Reasons the Roth IRA Might Be the Best Retirement Account Ever Created

Choosing the wrong account for your retirement savings can really cost you. Find out why a Roth IRA might be your best option.

Couple talking with financial advisor and looking at paperwork.

Feb. 14, 2025 | By James McClenathen

Here's How Much Money You Should Have in Savings by 50. How Do You Compare?

Some experts recommend saving six times your salary by age 50, but the real answer is more complicated. Here's how to find your retirement number.

A calculator, pad, and pen against a yellow background

Feb. 14, 2025 | By Jake FitzGerald

I'm 40 Years Old With $100,000 in My 401(k). Am I on Track to Retire?

Everyone's journey to retirement looks a little different. Find out if you have enough money in the bank now.

A young adult calculates their personal finances at the kitchen table using a tablet.

Feb. 14, 2025 | By James McClenathen

Here's How to Earn $10,000 With CDs

It's possible to earn $10,000 or more from the best CDs on the market. However, it will take a lot of money or a very long time. Find out how it can be done.

Feb. 11, 2025 | By James McClenathen

Should You Buy CDs Before Interest Rates Drop Again?

Federal Reserve rate cuts likely won't make a huge difference for CD investors, and you may have better options. Find out why.

Young man pausing from using his laptop to look at a calendar.

Feb. 11, 2025 | By Jake FitzGerald

How High Could CD Rates Go in 2025?

Is now the time to lock in CD rates before they fall? Find out what might happen as the year progresses.

A smiling person lying on a bed while searching on a laptop.

Feb. 10, 2025 | By James McClenathen

This Bank Offers a 10% APY Savings Account. Is It Legit?

Some banks offer very high APYs -- but only on a portion of your savings. See why those eye-popping interest rates may not be worth your time.

Grey-haired woman holding glasses rests hand on chin and looks thoughtful.

Feb. 9, 2025 | By James McClenathen

Here's What Happens When You Leave a Lot of Money in Your Savings Account

A savings account is a great place to store money -- to a point. See how keeping too much money in savings could cost you thousands of dollars in the long run.

young man sitting at kitchen table writing a check

Feb. 9, 2025 | By Jake FitzGerald

Here's Why Your Checking Account Should Have as Little Money as Possible

Checking accounts earn very little interest. Find out where to put your cash so it can earn more money for you.

Feb. 9, 2025 | By James McClenathen

Here's What Happens if You Deposit More Than $10,000 in Cash Into Your Bank Account

Cash deposits of over $10,000 must be reported to the federal government. You shouldn't have any problems, though -- just follow these rules.

A happy couple with a calculator and bills.

Feb. 8, 2025 | By James McClenathen

Here's How Much $10,000 Would Earn in a 6-Month CD Right Now

Putting $10,000 in a 6-month CD could earn you $200 or more at today's rates. However, there may be better places to put your money. Read on to find out where.

A bank teller smiles to a customer from behind her desk.

Feb. 8, 2025 | By Jake FitzGerald

Banks Won't Tell You This: Why You Shouldn't Keep an Extra $10K in Your Checking Account

Having more cash than you need in a checking account might make you feel financially secure. But find out how you could be missing out on thousands of dollars.