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Banking Articles | Page 24

From get out of debt strategies to advice on improving your savings returns, we've got recommendations to help you make smarter banking decisions.

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Recent Articles

A glass jar tipped over with coins falling out
Sept. 24, 2024 | By Kristi Waterworth

Waited Too Long to Get the Best CD Rates? Here's Another Route to Great Passive Income Returns

You don't need CDs to have great passive income potential. Check out this other option.
A group of friends sitting in the sun on the deck of a lakefront cabin.
Sept. 24, 2024 | By Ashley Maready

2 Ways Millennials Are Winning at Saving Money

We killed department stores, the diamond industry, and chain restaurants. But read on to learn about millennials' amazing savings habits.
A young adult uses their phone while leaning against a brick wall in a city.
Sept. 24, 2024 | By Matt Frankel, CFP®

The Fed Cut Rates but Is Just Getting Started -- Here's What CD and Savings Account Interest Rates Could Do in 2025

The Federal Reserve typically cuts or raises rates in a cycle, not all at once. See why this is important for your finances.
A glass jar tipped over with coins falling out
Sept. 23, 2024 | By Steven Porrello

Here's What Happens When You Cash Out Your CD Early

Cashing in a CD early will result in a penalty. But it could make financial sense to do it. Learn what to expect when you cash out your CD early.
A couple talking to a bank officer at a desk.
Sept. 23, 2024 | By Kailey Hagen

All the Safest Banks Have This Key Feature. Does Yours?

Hackers aren't the only danger to your bank account funds. Here's a key protection you need to make sure your money stays safe.
A red piggy bank against a yellow background
Sept. 23, 2024 | By Steven Porrello

Is $5,000 Too Much to Keep in Your Checking Account?

Checking accounts are best for transactions, not savings. Find out if keeping $5,000 in your checking account is stopping you from becoming wealthier.
A young businessperson does paperwork in coffee shop and checks their phone.
Sept. 23, 2024 | By Chris Neiger

Locking In a 5% CD Rate Now? Here's Why You Might Regret It Later

High-yield CDs are great, but they're not always your best option. Read on to discover a few times it pays to skip them.
A stack of coins against a yellow background
Sept. 23, 2024 | By Emma Newbery

Are CDs Still a Good Investment After the Fed Rate Cuts?

CD rates have fallen slightly, but they're still a good choice in certain scenarios. Find out whether CDs are the best choice for your money.
A young man sits at his desk and looks over his investment accounts.
Sept. 23, 2024 | By Chris Neiger

Why Low-Risk CDs Might Be Your Riskiest Investment

Putting too much money in a CD could leave less to invest in the stock market. Read on to find out why the market is a better long-term option.
A person holding a bunch of dollar bills in front of their face
Sept. 23, 2024 | By Brittney Myers

3 Signs You Should Skip CDs Despite the 5% Rates

The current high rates mean everyone is pushing CDs. But these signs may mean CDs aren't right for you.
A pot of change with a plant growing out of it
Sept. 23, 2024 | By Kailey Hagen

Here's Why I'm OK With My Savings Account Interest Rate Dropping

Bank account rates are expected to drop soon. Find out why I'm still holding onto my savings account, even though I know it'll take a hit.
A pile of money with a seedling growing out of it
Sept. 22, 2024 | By Robin Hartill, CFP

Move Over, CDs. There's a Better Place to Put Your Money Now

Keeping money in a CD is safe, but your returns are limited. Find out why investing in S&P 500 ETFs using your Roth IRA is a better way to build wealth.
A red piggy bank against a yellow background
Sept. 22, 2024 | By Brittney Myers

Can You Get Paid for Switching Banks?

You can switch banks online in minutes, skipping the trip to a branch in most cases. Here's how you can even get paid to do it, if you choose the right account.
A green background with jester cap logos and a credit card image overlayed
Sept. 22, 2024 | By Emma Newbery

3 Times You Should Always Use Your Debit Card

Almost 50% of Americans carry a balance on their credit card. Find out how that's just one scenario where your debit card might trump credit.
A pot of change with a plant growing out of it
Sept. 22, 2024 | By Matt Frankel, CFP®

Are CDs Worth Buying Now That Rates Are Being Cut?

The Fed just cut rates for the first time since 2020. Find out what it means for CDs.
A young woman taking a picture of a check.
Sept. 21, 2024 | By Ashley Maready

Top 4 Things to Look for in a New Bank

Joining a new bank can do wonders for your finances. Read on for a few factors not to overlook when you're picking one out.
A pile of currency bills
Sept. 21, 2024 | By Natasha Etzel

Should You Move Money Out of Savings Now That Rate Cuts Are Here?

Despite recent cuts to the federal funds rate, you should still keep your savings in the bank. Find out how much savings accounts APYs may change.
Two people holding shopping bags take money from an ATM machine while out on the town.
Sept. 21, 2024 | By Danielle Antosz

Here's How Much Money You Can Make in a Year Just by Switching Banks

Did you know you could come out ahead by $1,000 a year if you switched banks? Check out how lower fees and sign-up bonuses can add up to a solid payday.
People on a bus, with several using their cell phones.
Sept. 21, 2024 | By Emma Newbery

Even at 5%, CDs Are So Last Year. Here's Where to Put Your Money Today

Falling rates mean CDs are losing their shine. Find out what opportunities savers and investors might choose instead.
A glass jar full of bills and coins
Sept. 20, 2024 | By Kristi Waterworth

The 3 Best Places to Put Your Money Now That Rate Cuts Are Coming

With rate cuts at the federal level, everything else will follow. Read on for some solid places to put your money that will continue to pay well for years.
A woman looking at her finances with a laptop and phone.
Sept. 20, 2024 | By Natasha Etzel

5 Ways This Bank Account Helps You Save More Money

Need a savings account to keep your extra money? Ally Bank's savings account has many useful features. Find out how this bank account can help you save more.
A red piggy bank against a yellow background
Sept. 17, 2024 | By Ashley Maready

HYSA Rates Can Change at Any Time. Should You Be Worried?

We're likely to see lower rates on high-yield savings accounts soon. Read on to learn why you should breathe easy, even if your HYSA's rate falls.
A pile of money with a seedling growing out of it
Sept. 16, 2024 | By Steven Porrello

​​​​High CD Rates Are Dropping Like Flies. These 5 CDs Are Still a Rare Opportunity

As the Federal Reserve prepares for its first rate cut, CD rates are dropping. Here are five CDs that still have competitive APYs.
Woman using laptop and smartphone at home
Sept. 16, 2024 | By Steven Porrello

This Is How Much Money You Should Actually Keep in Your Checking Account

Keeping too much money in your checking account could lead to missed opportunities. Find out the golden number here.
A glass jar full of bills and coins
Sept. 16, 2024 | By Ashley Maready

CD Rates Are Likely to Fall Soon. Here's Why I'm Still Not Opening One

The days of 5% CD rates are coming to a close. Read on to learn why one writer still isn't biting -- and where her spare cash is going instead.