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Banking Articles

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

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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.
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.
A woman sitting in a sunny window seat and checking her tablet.
Sept. 16, 2024 | By Natasha Etzel

This HYSA Is the Most Popular Among Millennials in 2024

Are you a millennial who wants to open a new savings account? Here are some of the top features millennials love about Ally's online savings account.
Two men in thought looking at a laptop screen together.
Sept. 16, 2024 | By Matt Frankel, CFP®

Should You Pay Extra Toward Your Mortgage or Save Money in a CD?

If you have a low-interest mortgage, there's a mathematical reason to pay it off as slowly as possible. But is that the right move for you? Find out here.
A person looking at paperwork and a laptop while standing at the kitchen counter.
Sept. 16, 2024 | By Matt Frankel, CFP®

I'm About to Open a CD. Here's Why I'm Not Going for the Absolute Highest Rate

A high interest rate is certainly a priority as I shop around for CDs. But it isn't my only priority. Read on to see why.
A glass jar full of bills and coins
Sept. 15, 2024 | By Danielle Antosz

Is $25,000 Too Much to Keep in a High-Yield Savings Account?

There's nothing wrong with keeping $25,000 in an HYSA. But read on to learn how a balanced approach could help you earn higher yields.
A wad of folded dollar bills
Sept. 14, 2024 | By Kailey Hagen

4 Chase Bank Account Bonuses You Can Get -- if You Act Fast

Bank account bonuses can make an account a lot more appealing. Check out four great offers from Chase to consider now.
A bank teller smiles to a customer from behind her desk.
Sept. 14, 2024 | By Dana George

Here's What Happens When You Withdraw More Than $10,000 From Your Savings Account

The federal government received a report if you've ever withdrawn more than $10,000 from your bank account. Keep reading to learn why.
A pile of money with a seedling growing out of it
Sept. 14, 2024 | By Brittney Myers

Here's How Much Interest You Can Earn on $1,000 in Savings

Reaching $1,000 in savings can be a big milestone, but it's even better when you realize that money can work for you. Here's how much it can grow.
A person holding a bunch of dollar bills in front of their face
Sept. 14, 2024 | By Kailey Hagen

Ranked: The 3 Top Bank Account Bonuses Available Now

Bank account bonuses can make a bank account offer much more tempting. Here are some of the best bonuses available today.
A smiling woman holding a piggy bank.
Sept. 13, 2024 | By Emma Newbery

3 Reasons Why Millennials Love High-Yield Savings Accounts

Over 40% of millennials have a savings account with an APY of over 4%. Find out why millennials have embraced high-yield savings accounts.
A woman looking at her finances with a laptop and phone.
Sept. 13, 2024 | By Matt Frankel, CFP®

My Savings Account Doesn't Have the Highest APY. Here's Why That's OK

A high yield from your savings is an important factor to look for. But it isn't the only one. Read on to learn what else to consider.
A stack of coins against a yellow background
Sept. 13, 2024 | By Jamie Matthews

CD Rates Are Dropping: How Locking Rates in ASAP Could Save You Hundreds of Dollars

CD rates are beginning to drop as the Fed meeting draws closer. Lock in a high APY today before rates fall further and guarantee yourself more interest.
A person holding a bunch of dollar bills in front of their face
Sept. 13, 2024 | By Dana George

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

If you've ever deposited more than $10,000 into checking, it's been reported to the government. See what that means -- and why it's OK.
Young man pausing from using his laptop to look at a calendar.
Sept. 12, 2024 | By Matt Frankel, CFP®

Do You Use a High-Yield Savings Account? Here's an Important Date to Mark on Your Calendar

The Federal Reserve's upcoming meeting could have big implications for your savings account interest rate. Keep reading for what you need to know.
A calculator, pad, and pen against a yellow background
Sept. 11, 2024 | By Matt Frankel, CFP®

One Important Date All CD Investors Need to Know

The Federal Reserve is set to start lowering interest rates. Here's when it will happen and what you need to know.
A pile of currency bills
Sept. 11, 2024 | By Steven Porrello

3 Signs You're Keeping Too Much Money in Your Checking Account

Checking accounts aren't the best place for long-term money. Here are three signs yours might be overfunded.
A person looking at paperwork and a laptop while standing at the kitchen counter.
Sept. 10, 2024 | By Ashley Maready

How Much Should You Put Into a CD? Here's One Way to Decide

CDs can be useful financial tools, but you need to be careful about the money you put into one. Learn how to make an educated decision.
A person standing at a picnic table in a park and putting a coin in a piggy bank.
Sept. 10, 2024 | By Ashley Maready

How Much Money Should You Keep in Your Savings Account? Here's the Sweet Spot

Yes, there is such a thing as too much money in savings. Keep reading to see how to decide your magic savings account target.
A glass jar full of bills and coins
Sept. 10, 2024 | By Ashley Maready

3 Reasons to Switch Banks in September

There's never a bad time to find a new home for your money. Read on for a few solid reasons to make a change this month.
A calculator, pad, and pen against a yellow background
Sept. 9, 2024 | By Kailey Hagen

CD vs. Savings Account: Which Is the Best Place for Your Savings Right Now?

CDs and savings accounts can both make great homes for your savings, but the right one for you depends on your needs. Here's what you need to know.