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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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March 31, 2024 | By Steven Porrello

Here's Why I'll Choose CDs Over Savings Accounts in 2024

CDs and savings accounts can help your savings grow, but when it comes to choosing the right one for 2024, there's a clear winner. Read on for more.
A glass jar full of bills and coins
March 31, 2024 | By Natasha Etzel

My Savings Account APY Dropped Recently. Here's Why I'm Not Too Upset

Banks can adjust savings account rates at any time. The lower the rate, the less interest you earn. Here's why a small rate change isn't the end of the world.
A person sitting on a couch and writing on a piece of paper next to a laptop open on a table.
March 31, 2024 | By Matt Frankel, CFP®

10 Pros and Cons of Investing in CDs

CDs can be smart places to put your cash. But they aren't right for every situation. Keep reading to learn the benefits and drawbacks of CDs.
A class pot filled with coins and a sprout growing
March 30, 2024 | By Matt Frankel, CFP®

10 Things You Need to Know Before Investing in CDs

CDs can be a great way to lock in an interest rate on your savings. Keep reading for important facts about CDs.
A red piggy bank against a yellow background
March 30, 2024 | By Ashley Maready

10 Things You Need to Know About Savings Accounts

Savings accounts are widely available and user friendly. Learn 10 facts about them to optimize and grow your savings.
A glass jar tipped over with coins falling out
March 30, 2024 | By Kailey Hagen

Should You Switch to a CD Before Your Savings Account Interest Rate Falls?

CDs lock in your interest rate for the whole term, which could put more money in your pocket right now. Find out what you need to know.
A woman using an ATM on a sunny street.
March 29, 2024 | By Cole Tretheway

5 Little-Known Perks of Banking With Chime

Chime offers perks like nearby deals, free ATMs, and credit tracking. Discover five less-discussed benefits of banking with this popular mobile app.
A pile of money with a seedling growing out of it
March 28, 2024 | By Chris Neiger

5 CD Tips for Beginners

Curious about CDs? Read on for a few things you should know about getting started with CDs.
A red piggy bank against a yellow background
March 28, 2024 | By Cole Tretheway

Unexpected Benefits of High-Yield Savings Accounts for College-Bound Teens

High-yield savings accounts make it easier to save in college and put teens ahead of the curve. Find out how to do college savings the right way.
A person sitting at a sunny dining room table and typing on a laptop.
March 27, 2024 | By Kailey Hagen

Here's Why I Don't Own a CD Even Though Rates Are Sky-High Right Now

CD rates are extremely high right now, but these accounts also limit access to your funds. Here's where I keep my savings instead.
A woman sitting at her dining table and typing on her laptop.
March 24, 2024 | By Natasha Etzel

4 Surprising Ways Smart People Use Their Savings

Not sure how to use the money you have saved? You can make money moves to improve your life now and later. Here are some smart uses for your savings.
A stack of coins against a yellow background
March 22, 2024 | By Chris Neiger

The Pros and Cons of Using CDs as Part of Your Investment Strategy

CDs can be a great place to put your money, but there are drawbacks. Read on to find out how to wisely use CDs as part of your investment strategy.
A person sits on a riverbank next to their bicycle, looking at their smartphone.
March 22, 2024 | By Cole Tretheway

This Is Why Your Savings Account Interest Rate Is Changing

Banks lower interest rates on savings accounts all the time. Find out why.
A pot of change with a plant growing out of it
March 21, 2024 | By Kailey Hagen

Here's What Happens if You Change Your Mind After Opening a CD

CDs are a great way to grow your wealth, but you could face penalties for early withdrawals. Find out what you need to know.
A hand holding four hundred dollar bills that are on fire
March 19, 2024 | By Kailey Hagen

3 Signs You Have a Bad Savings Account -- Even if It Has a High APY

A high APY is arguably the most important factor when choosing a savings account, but it's not the only one. Check out three other things to keep in mind.
A class pot filled with coins and a sprout growing
March 18, 2024 | By Chris Neiger

Why CDs Are a Great Investment for People Who Don't Like Risk

Losing money stinks. Read on to learn five reasons why CDs are great for risk-averse investors.
A glass jar tipped over with coins falling out
March 18, 2024 | By Kailey Hagen

If You Plan to Do These 3 Things With Your Money, You Definitely Shouldn't Invest It in a CD

CDs are one way to grow your wealth, but they're not your only option. Check out three times CDs aren't a good fit.
A pile of money with a seedling growing out of it
March 17, 2024 | By Kristi Waterworth

Why Every Investor Should Consider CDs in Their Portfolio

CDs are stable assets that appreciate without input, making them worth a second look. Read on to learn more.
A class pot filled with coins and a sprout growing
March 17, 2024 | By Steven Porrello

5 Common Mistakes People Make With CDs -- and How to Avoid Them

With rates topping 5%, CDs are an attractive offer right now. Learn which errors people typically make with CDs.
A pile of currency bills
March 16, 2024 | By Steven Porrello

How to Choose the Right Savings Account: 5 Things to Look For

Choosing the right savings account doesn't have to be overwhelming. Keep reading for a list of features to find.
A class pot filled with coins and a sprout growing
March 14, 2024 | By Steven Porrello

5 Smart Tips for Maximizing Returns on CDs

It's not hard to make your CDs work harder for you. Keep reading to learn how.
A wad of folded dollar bills
March 14, 2024 | By Steven Porrello

3 Unexpected Advantages of Money Market Accounts Over CDs

Money market accounts combine features of checking accounts with high APYs. Find out their advantages over CDs here.
A pile of currency bills
March 13, 2024 | By Lyle Daly

4 Reasons to Switch Banks ASAP

Sticking with the wrong bank could be a costly mistake. Here are a few sure signs that it's time to switch banks.
A pile of money with a seedling growing out of it
March 13, 2024 | By Matt Frankel, CFP®

The Fed Is Waiting Longer Than Expected to Cut Rates. Here's What That Means for CD Yields

Inflation is proving to be more stubborn than expected. This could affect the trajectory of CD rates this year. Here's what you need to know.
A person sitting at a sunny dining room table and typing on a laptop.
March 13, 2024 | By Matt Frankel, CFP®

Want a CD Without Commitment? These 3 No-Penalty CDs Could Be Right for You

A no-penalty CD can give you guaranteed yield with financial flexibility. Keep reading for three great examples.