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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

Teen taking cash out of her wallet.
April 26, 2024 | By Cole Tretheway

What to Look for When Opening Your First Savings Account in High School

Your first savings account should be cheap and hassle free. Find out what else to look for to get the best deal.
A pile of money with a seedling growing out of it
April 25, 2024 | By Matt Frankel, CFP®

The Fed Might Not Lower Interest Rates in 2024. Here's What That Means for CD Rates

It's getting less likely we'll see significant rate cuts in 2024. And this could have implications for CDs. Keep reading to learn more.
Man reading newspaper and looking at a tablet
April 24, 2024 | By Steven Porrello

Will Hotter-Than-Expected March Inflation Push CD Rates Higher?

Annual inflation in March was higher than expected. Read on to learn how this might affect CD rates.
A woman looking at her finances with a laptop and phone.
April 24, 2024 | By Dana George

Why I'm Slowly Moving Money Out of My High-Yield Savings Account

High-yield savings accounts are awesome, but they don't have to be forever. Here's why one writer plans to move her money out soon.
A hand holding four hundred dollar bills that are on fire
April 23, 2024 | By Kailey Hagen

3 Interest-Bearing Bank Accounts That Could Cost You in the Long Run

Earning interest on your savings is great, but some accounts offer you more than others. Here are three to stay away from.
A man standing in his living room and looking between two pieces of paper held in each hand.
April 22, 2024 | By Steven Porrello

3 Reasons Not to Open a CD Right Now, Even With Rates at 5.30%

Despite high rates, now might not be the right time to open a new CD. Keep reading to learn when a CD is the wrong move for you.
A hand holding a rolled up wad of bills
April 21, 2024 | By Steven Porrello

Rakuten Users: Get a $50 Cash Back Bonus When You Open a Raisin CD

If you've never opened a Raisin account before, Rakuten is offering you a special reward. Find out how to earn a $50 bonus with a new CD or savings account.
Man sits at laptop and appears to be in thought.
April 21, 2024 | By Matt Frankel, CFP®

Should You Buy a 1-Year CD Now Before the Fed Starts Cutting Rates?

The Federal Reserve is widely expected to start lowering interest rates soon. Find out what it could mean for your CDs.
A calculator, pad, and pen against a yellow background
April 21, 2024 | By Matt Frankel, CFP®

If You Put $10,000 Into a 5-Year CD, How Much Money Will You Earn?

A CD offers safe and predictable returns, but the amount you make depends on your APY. Here's where things stand right now.
A person wearing a headscarf sitting at a desk with a laptop and holding papers.
April 20, 2024 | By Natasha Etzel

5 Reasons Why Freelancers Should Prioritize Business Banking Accounts

If you're a freelancer, you're a small business owner. Find out why you may want to use business bank accounts to keep your freelancing finances in order.
A pile of money with a seedling growing out of it
April 19, 2024 | By Natasha Etzel

Here's One Downside to a High-Yield Savings Account

A high-yield savings account is a great place to keep your savings if you want to earn interest. But rates can fluctuate. Find out what that means for savers.
Two people holding shopping bags take money from an ATM machine while out on the town.
April 19, 2024 | By Kailey Hagen

5 Debit Card Mistakes You Can't Afford to Make

Debit cards are a convenient way to make purchases, but they have their pitfalls. Here are five debit card errors you don't want to make.
A pile of money with a seedling growing out of it
April 19, 2024 | By Steven Porrello

This Online Savings Account Has a 5.55% APY. Should You Open One?

My Banking Direct High Yield Savings Account has one of the best savings rates on the market. Keep reading to see if it might be a fit for you.
A pile of money with a seedling growing out of it
April 18, 2024 | By Cole Tretheway

3 Reasons Gen Z Should Skip CDs and Invest Their Money Elsewhere

CDs are a bad fit for 20-somethings with debt and low balances. Find out why Gen Z should consider investing money elsewhere.
A pile of money with a seedling growing out of it
April 17, 2024 | By Lyle Daly

Are CDs or T-Bills a Better Investment in April 2024?

CDs and T-bills keep your money safe and pay high interest rates. Decide where to put your savings with this comparison of CD and T-bill rates for April 2024.
A stressed young woman sitting with her hands covering her face.
April 16, 2024 | By Kailey Hagen

Here's What Happens if Someone Steals From Your Bank Account

Thieves drain bank accounts all the time, but that doesn't mean you'll have to pay for what they did. Learn what you need to know if someone steals from you.
A class pot filled with coins and a sprout growing
April 15, 2024 | By Lyle Daly

Here's Why Savings Accounts at Big Banks Aren't as Safe as You Think

Big banks have a reputation as a safe place to put your money. Find out why using an account at one of these banks could be costly.
A woman using an ATM on a sunny street.
April 14, 2024 | By Ashley Maready

3 Potential Drawbacks of an Online Savings Account -- and How to Cope With Them

Online banks can sometimes complicate your finances. Keep reading for online savings pitfalls that can be avoided with a little legwork.
A red piggy bank against a yellow background
April 14, 2024 | By Ashley Maready

Protect Your Cash With This Crucial Bank Feature

Thanks to the establishment of the FDIC, Americans can breathe easier knowing their banked cash is safe. Read on to learn how it works and why it's important.
A person sitting at a desk in a sunny home office and typing on a laptop.
April 10, 2024 | By Matt Frankel, CFP®

3 Expert Tips on Making the Most of CDs

CDs can be a great way to lock in a yield on your savings, but there are other factors to consider. Keep reading for expert CD advice.
A hand holding four hundred dollar bills that are on fire
April 8, 2024 | By Steven Porrello

The 5 Most Costly CD Mistakes You Can Make in 2024

CDs can be a smart place to put your savings, but they're not entirely risk-free. Learn the five most costly CD mistakes and how to avoid them.
A wallet with a fan of five bills coming out of it
April 8, 2024 | By Kailey Hagen

Interest-Bearing Checking Accounts Are Overhyped. Here's What You Should Really Focus On

Interest-bearing checking accounts sound great on paper, but they probably won't earn you much money. Read on for what to look for instead.
A calculator, pad, and pen against a yellow background
April 8, 2024 | By Chris Neiger

401(k) Hardship Withdrawals Are at a Record High. 3 Steps to Gain Control of Your Finances

Inflation is still affecting Americans' finances. Read on to find out how to get yours back on track.
A class pot filled with coins and a sprout growing
April 8, 2024 | By Kailey Hagen

These Are the 5 Biggest Mistakes You Can Make With Your CD

CDs can help you grow your savings, but they can also cost you if you're not careful. Here are five big mistakes you definitely want to avoid.
A glass jar tipped over with coins falling out
April 7, 2024 | By Steven Porrello

When Can a Bank Take Money From Your Checking Account Without Your Permission?

Banks can subtract money from your deposit accounts, like checking or savings, under one condition. Find out when they can seize funds and how to prevent it.