Banking Articles

Woman uncomfortable by what she's reading on her phone.

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.

Young man pausing from using his laptop to look at a calendar.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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