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Banking Articles | Page 34

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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June 9, 2024 | By Emma Newbery

Are All CDs Protected by FDIC Insurance?

FDIC insurance applies to money in CDs as well as savings, checking, and other accounts. Find out about the few scenarios where your CD won't be covered.
A glass jar full of bills and coins
June 8, 2024 | By Natasha Etzel

Here's Why a $1,000 Emergency Fund Probably Isn't Enough for You

Working hard to build your emergency fund? You'll likely want to save more than $1,000. Find out why you may need more than $1,000 in your emergency fund.
A pile of currency bills
June 6, 2024 | By Steven Porrello

Is $20,000 Too Much to Have in Your Savings Account?

Savings accounts are safe, but you don't want to overfund them. Learn when $20,000 is too much for a savings account and when it's just right.
A dollar bill against a pink background
June 5, 2024 | By Lyle Daly

Learn What Happens When You Leave a Lot of Money in Your Savings Account

It's possible to overfund your savings account. Discover the drawbacks of doing this and how to better manage your money.
Bank teller assisting a customer with cash transaction.
June 4, 2024 | By Lyle Daly

Here's What Happens When You Withdraw $10,000 From Your Bank Account

Banks need to follow special rules for withdrawals of more than $10,000. Find out what to expect if you need to withdraw this much money.
An African /American couple looks at each other worriedly. They sit in front of financial documents and a computer.
June 4, 2024 | By Steven Porrello

Here's What Happens When You Contribute Too Much to Your FSA

Overcontributing to a flexible savings account (FSA) comes with some risks. Find out what happens when you don't use your FSA money by the annual deadline.
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June 3, 2024 | By Cole Tretheway

How Much Money Should You Keep in an Emergency Fund? Here's the Sweet Spot

$10,000 is not enough for most American households to build an emergency fund. Find out how much to keep in your fund.
A person sitting at a desk in front of an open laptop and glancing out the window to his left.
June 2, 2024 | By Kailey Hagen

5.00% APY CDs Are Getting Scarce. 2 Places You Can Still Find Them if You Hurry

CD interest rates are expected to drop later this year. Check out these three banks if you want to lock in a 5.00% APY before it's too late.
A red piggy bank against a yellow background
June 1, 2024 | By Chris Neiger

The Hidden Downside of Leaving Lots of Money in Your Savings Account

Even savings accounts have drawbacks. Read to find out when these accounts aren't the best option.
A smiling person sitting at an outdoor cafe table and looking at their cellphone.
June 1, 2024 | By Kailey Hagen

5 Reasons to Switch Banks in June

Switching banks can save you time and money. Here are five big reasons you should consider dumping your old bank in June.
Bank teller assisting a customer with cash transaction.
May 31, 2024 | By Kristi Waterworth

Here's What Happens When You Withdraw $10,000 From Your Bank Account

Removing $10,000 from your own bank account can come with complications. Find out why here.
A woman sitting at a table in a cafe window and typing on a laptop.
May 31, 2024 | By Emma Newbery

CDs Are Great. But Here Are 3 Better Ways to Build Wealth

Americans have flocked to CDs, attracted by the high APYs. If you want to get rich, find out why investing in stocks or real estate could make more sense.
A calculator, pad, and pen against a yellow background
May 30, 2024 | By Matt Frankel, CFP®

This Is How Much Money You Can Make With $5K in a CD

CD rates are at their highest level in years, and you might be surprised at how much you could earn in one. Keep reading to find out more.
A person looking at paperwork and a laptop while standing at the kitchen counter.
May 30, 2024 | By Matt Frankel, CFP®

How to Maximize Your Passive Income From CDs

There's one CD strategy that can help you maximize your income. See why income investors should use it.
A pot of change with a plant growing out of it
May 28, 2024 | By Ashley Maready

3 Reasons to Open a CD in June

CDs are a great way to keep cash safe and growing. See why you might want to jump on one this month.
A pot of change with a plant growing out of it
May 28, 2024 | By Lyle Daly

Forget CDs: Here Are 4 Better Investments for Your Retirement Savings

CDs are a popular way to save, but they're not the best choice for your retirement savings. See which investments typically offer much higher returns.
A red piggy bank against a yellow background
May 28, 2024 | By Ashley Maready

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

Is the bulk of your savings in a savings account at a big bank? Your cash deserves better. Learn why now is a great time to open a high-yield savings account.
A stack of coins against a yellow background
May 28, 2024 | By Ashley Maready

Here's Why I'm Keeping a Savings Account That Only Earns a 0.01% APY

Savings accounts at big banks are pretty worthless for APY -- but they have other benefits. Learn why one financially savvy writer is hanging onto hers.
A young adult sits cross-legged while typing on a laptop in their bedroom.
May 28, 2024 | By Lyle Daly

Why the Highest-Paying CDs Aren't Always a Good Deal -- Even With Rates of Up to 9.5%

Some banks and credit unions are offering extremely high rates on CDs. Find out why you may want to think twice before opening one.
A glass jar tipped over with coins falling out
May 28, 2024 | By Ashley Maready

Procrastinating on Opening a HYSA? You Might Regret That

Rates on savings accounts are already falling. Read on to learn why now is the time to open a high-yield savings account if you haven't yet.
A smiling young adult sitting in an armchair in a sunny room while looking at a phone.
May 28, 2024 | By Ashley Maready

Here's Why You Might Not Want to Wait to Open Your First CD

There's never been a better time to get started, if you're CD-curious. Keep reading to see why you shouldn't delay.
A class pot filled with coins and a sprout growing
May 27, 2024 | By Ashley Maready

3 Good Places for Your Emergency Savings -- and 1 Terrible One

Having money put aside for unplanned expenses can help you sleep better at night. Read on for our picks for the best places to keep the cash.
A pile of currency bills
May 26, 2024 | By Kailey Hagen

This CD Could Turn $1,000 Into $114,000. Here's Why I'd Still Stay Away

This CD promises huge returns, but it comes at a pretty significant price. Here's why I'm not opening one.
Grey-haired woman holding glasses rests hand on chin and looks thoughtful.
May 25, 2024 | By Chris Neiger

CD vs. High-Yield Savings Account: What's the Better Place for Your Savings Right Now?

Both can be good options for your money. Read on to find out why savings accounts may have the advantage.
A woman looking at her finances with a laptop and phone.
May 24, 2024 | By Cole Tretheway

Here Are the Pros and Cons of Owning 2 Bank Accounts

Owning two savings or checking accounts could be worth the hassle. Find out the perks and drawbacks of multiple bank accounts.