Please ensure Javascript is enabled for purposes of website accessibility

This device is too small

If you're on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience.

Skip to main content
Advertiser Disclosure Many of the offers that appear on this site are from companies from which The Motley Fool receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear) and may influence which products we write about, but our product ratings are not influenced by compensation. We do not include all companies or offers available in the marketplace. Websites may earn compensation when a customer clicks on a link, when an application is approved, or when an account is opened.
    |    Accessibility Options

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.

All Topics Banks Insurance Personal Loans Brokerages Mortgages Credit Cards Cryptocurrency

Recent Articles

A class pot filled with coins and a sprout growing
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.
A pile of money with a seedling growing out of it
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.
A red piggy bank against a yellow background
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.
A calculator, pad, and pen against a yellow background
Oct. 4, 2024 | By Dana George

Made Money on CDs in 2024? Here's How Much You'll Owe the IRS

In recent months, CDs have paid record-high APYs. If you cashed in on these high rates, here's how much you'll need to pay Uncle Sam.
A pregnant person sitting on their couch and looking at their phone.
Oct. 4, 2024 | By Ashley Maready

3 Signs You're Using a Safe Bank

Does your bank make keeping your money secure a top priority? Read on for a few ways to tell you've found a safe bank.
A calculator against a green background
Oct. 1, 2024 | By Kailey Hagen

A Fed Rate Cut Is Likely Coming Next Month. Here's What It Means for Your CDs

Several Fed rate cuts are on the way in the coming months. Here's how that will affect new and existing CD rates.
A smiling man drinking juice and looking at his phone while sitting at the breakfast table in front of a bowl of cereal.
Sept. 30, 2024 | By Kailey Hagen

The Fed Rate Cut Will Hurt Your Savings Account Rates, but It Comes With a Huge Upside

Savings account rates will fall further, but there are benefits on the way too. Here's what you need to know about the changes coming to your bank.
A person standing at a picnic table in a park and putting a coin in a piggy bank.
Sept. 30, 2024 | By Emma Newbery

3 Things Not to Do When Your Savings Reaches $50,000

If you keep too much in savings, you could be missing out on tax breaks and investment opportunities. Discover how to avoid losing money through over-saving.
A pot of change with a plant growing out of it
Sept. 30, 2024 | By Matt Frankel, CFP®

Missed Out on 5% CD Rates? Here's Why It Doesn't Matter

CD rates may have peaked, but if you're looking to lock in a high interest rate, it isn't too late. Find out more here.
A red piggy bank against a yellow background
Sept. 29, 2024 | By Emma Newbery

Massive Rate Cut Could Mean $40 Less in Savings Interest Next Year. Does It Matter?

Savers won't be able to ride the high-interest wave forever. Find out what falling rates mean for your savings and how you can still maximize your earnings.
A glass jar full of bills and coins
Sept. 29, 2024 | By Kailey Hagen

The Days of the 5.00% APY CD Are Over: 3 Places to Put Your Money Now

Banks have already slashed CD rates, and further cuts are coming. Read on for a few better account options.
A red piggy bank against a yellow background
Sept. 28, 2024 | By Kailey Hagen

Even With Interest Rates Dropping, High-Yield Savings Accounts Still Hold This Major Edge Over the Top CDs

Savings account rates are already dropping with more Fed cuts expected. But here's why it's worth leaving your money alone anyway.
A red piggy bank against a yellow background
Sept. 28, 2024 | By Natasha Etzel

4 Money-Savings Moves I Wish I Had Made in My 20s

Are you looking for tips to save more money? Making small changes can help. Here are some savings strategies I wish I made earlier.
A bank manager helps a woman open up a new account.
Sept. 27, 2024 | By Ashley Maready

4 Signs It's Time to Switch Your Bank

Sometimes, you just have to say goodbye -- to your bank. Here are a few ways to tell you need a new financial institution.
Mature man at desk looking off in thought.
Sept. 27, 2024 | By Matt Frankel, CFP®

Should You Open a CD Before the Fed Cuts Rates Again?

The Fed is widely expected to keep cutting rates. Find out how it could impact CDs.
A smiling person lying on a bed while searching on a laptop.
Sept. 27, 2024 | By Ashley Maready

3 Reasons It's Never a Bad Time to Open a CD

CD rates will likely become less attractive soon -- but that doesn't mean they aren't worth considering. Learn how CDs can be great savings tools here.
A smiling young adult sitting in an armchair in a sunny room while looking at a phone.
Sept. 27, 2024 | By Jamie Matthews

My Savings Account Rate Fell After the Fed Rate Cut. Here's What That Means for My Savings Plans

My savings account APY took a dip less than 24 hours after the Fed interest rate cut last week. Find out why that doesn't change my overall savings goals.
A smiling man drinking juice and looking at his phone while sitting at the breakfast table in front of a bowl of cereal.
Sept. 26, 2024 | By Ashley Maready

2 Reasons Not to Open a High-Yield Savings Account -- and Why They're Wrong

Putting your cash into a high-yield savings account is an easy way to earn passive income. Read on for some HYSA myth-busting.
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.