Banking Articles

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Oct. 21, 2024 | By Matt Frankel, CFP®

Here's Why It's Still a Great Time to Open a High-Yield Savings Account

Many savers fear a return to the ultra-low savings account yields of 2021, but that isn't likely to happen. Find out more here.

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Oct. 20, 2024 | By Danielle Antosz

The Most Important Thing to Know About CD Interest Rates Right Now

Should you invest in CDs? CD rates currently outpace inflation, offering a safe, steady return. Here's why you should consider building a diverse portfolio.

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Oct. 20, 2024 | By Chris Neiger

Don't Make These 3 Mistakes With Your High-Yield Savings Account

It's hard to go wrong with high-yield savings accounts, but there are a few things you should know. Read on to find out which moves to avoid.

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Oct. 20, 2024 | By Matt Frankel, CFP®

The Fed Just Cut Rates -- but You Might Be Surprised by How Much CDs Are Still Paying

The Federal Reserve made a rather aggressive interest rate cut in September. But it hasn't impacted CDs as much as you might think. Learn more here.

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Oct. 20, 2024 | By Dana George

When Will Dropping Interest Rates Finally Make My Life Easier?

Rate drops take time to trickle down to consumers. Keep reading to learn how long you can expect to wait for lower rates.

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Oct. 20, 2024 | By Kailey Hagen

How to Make the Most Out of Current CD Interest Rates

CD rates have already fallen, but they're still pretty high. Here's how to make the most of them before they drop again.

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Oct. 18, 2024 | By Dana George

Prediction: 5-Year CD Rates Will Drop Below 3.25% in 2024

Consumer interest rates are coming down, but so are CD rates. Here's how much one writer predicts 5-year CD rates will drop in 2024.

Oct. 18, 2024 | By Matt Frankel, CFP®

Here's How the Fed's Rate Cut Has Impacted CD Ladders

CD rates aren't directly tied to the Fed's actions, but they tend to move in the same direction. Learn what it means for you.

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Oct. 18, 2024 | By Matt Frankel, CFP®

How Much Money Do You Need in Savings at Age 40?

Most experts suggest having six months' worth of expenses in savings. But there's more to the story. Keep reading to learn more.

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Oct. 17, 2024 | By Ashley Maready

All CD Investors Should Do This on Nov. 6

The Federal Reserve's next meeting is in a few weeks. Read on to learn why it's important for CD investors to pay attention to what the Fed does.

Oct. 15, 2024 | By Chris Neiger

2 Questions You Should Ask When Deciding Between a Savings Account or CD

Where you put your money should depend on your goals. Read on to find out how to decide which account type is right for you.

Oct. 14, 2024 | By Emma Newbery

Here's How Much Interest You Can Earn on $8,000 in Savings

High-yield savings accounts will pay eight or nine times more in interest than the national average. Find out what that means for your money.

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Oct. 14, 2024 | By Natasha Etzel

My Savings Account's Rate Just Dropped. Here's Why I'm Not Worried About It

Do you have a high-yield savings account and are worried about potential interest rate reductions? Find out why one writer isn't too concerned.

Oct. 13, 2024 | By Ashley Maready

Forget CDs. Even With Falling Rates, a Savings Account Is a Better Choice

CDs have undeniable perks -- but for most savers, a high-yield savings account is the preferable option. Here's why.

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Oct. 12, 2024 | By Ashley Maready

Is Your Savings Account APY Falling? Here's Why You Shouldn't Panic

A Federal Reserve rate cut means lower rates on bank accounts. Keep reading to learn why this isn't worth worrying about too much.

Oct. 12, 2024 | By Dana George

Why a CD May Be Your Best Friend as Interest Rates Drop

Like a friend, you know what to expect with a CD. Keep reading to learn more about how a CD can make your life more comfortable.

Oct. 11, 2024 | By Dana George

Why Everyone Should Think About Buying CDs Now

Now may not be the right time for everyone to invest, but a CD remains an excellent choice for some. Find out why.

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Oct. 11, 2024 | By Danielle Antosz

Interest Rates Are Dropping -- Should You Move Money Out of Your HYSA?

The Fed's rate drop impacts HYSA interest APYs. Here's how to know if it's time to switch accounts or stay put, as well as alternatives for higher returns.

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Oct. 11, 2024 | By Dana George

A Fed Rate Cut Is Finally Here. 4 Things You Should Do Right Now

Dropping interest rates may be good news, but they signal us to take specific financial steps. Read on for four of them.

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Oct. 8, 2024 | By Danielle Antosz

This Is How Much Money You Can Make With $15,000 in a CD Ladder

You could earn $1,031.38 in a $15,000 CD ladder over three years. Learn what to look for when comparing CD rates.

Oct. 7, 2024 | By Kailey Hagen

Keeping Lots of Money in Your Checking Account? Here Are 3 Better Places for Your Cash

Checking accounts have their place, but they're not meant for all your cash. Here are three better places to keep your money now.

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Oct. 6, 2024 | By Kristi Waterworth

CDs vs. Treasury Bonds: Which Is the Better Place for Your Savings Right Now?

Looking for the best place to put your long-term savings right now? CDs and Treasury bonds are both good options. Find out how to decide inside.

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Oct. 6, 2024 | By Natasha Etzel

3 Reasons to Open a High-Yield Savings Account in October

Have you been thinking about opening a high-yield savings account? Don't delay. Find out why you may want to open an HYSA during October.

Oct. 5, 2024 | By Danielle Antosz

This Is How Much Money You Can Make With $20,000 in a High-Yield Savings Account

You'll earn around $800 per year in interest if you put $20,000 in a HYSA today. But there might be better options. Keep reading to learn more.

Oct. 5, 2024 | By Cole Tretheway

Is $10,000 Too Much to Keep in a Savings Account?

How much savings is too much? Find out when to keep $10,000 in a savings account vs. putting it somewhere else.

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