Banking Articles

Bank teller assisting a customer with cash transaction.

Feb. 14, 2024 | By Steven Porrello

What Happens if You Deposit More Than $10,000 in Your Bank Account?

Making a big deposit at your bank can trigger a report to the federal government. Find out what happens when you deposit $10,000 or more.

A man sitting at a sunny desk and looking up something on a laptop.

Feb. 14, 2024 | By Matt Frankel, CFP®

Could CD Rates Go Even Higher in 2024?

It's certainly possible for CD rates to go even higher this year, but it isn't the most likely scenario. Read on to find out what is.

A worried-looking woman looking something up on her laptop while sitting at her kitchen table.

Feb. 13, 2024 | By Chris Neiger

3 Potential Regrets When Opening CDs (and How to Avoid Them)

CDs often have stricter rules than savings accounts. Here's what to know beforehand so you can avoid making a mistake.

Man sits at counter with phone on laptop utilizing online banking.

Feb. 12, 2024 | By Kailey Hagen

What Kind of CD Should You Open in 2024?

CDs can help you earn even more than a savings account, but to maximize your profits, you need the right CD term. Here's what you need to know.

A man wearing a medical mask and taking money out of an ATM on the street.

Feb. 12, 2024 | By Dana George

How Much Money Can You Withdraw From Savings at Once?

Taking too much money out of savings at once can raise red flags. Here's how to be sure you're not arousing suspicion.

A man looking upset while reading something on his phone.

Feb. 12, 2024 | By Ashley Maready

4 Expensive Savings Blunders to Avoid at All Costs

You might think it's enough to just put money in a savings account -- but you'd be wrong. Learn a few mistakes to dodge along the way.

Two men in thought looking at a laptop screen together.

Feb. 11, 2024 | By Steven Porrello

Brokered vs. Bank CDs: Which Is a Better Investment?

Bank and brokered CDs have high APYs, but in today's interest rate market one might be better than the other. Read on to discover the difference.

A pensive person reads a graph on a laptop in an office late at night.

Feb. 11, 2024 | By Steven Porrello

Got a CD in 2023? Your Tax Bill Might Be Higher Than You Think

If big CD rates have yielded generous returns for you, get ready to give Uncle Sam his cut. Read on to learn how CDs are taxed.

Man using his smartphone while laptop with data sits in the background.

Feb. 10, 2024 | By Lyle Daly

CDs vs. T-Bills: What's the Better Investment Now?

CDs and Treasury bills are two of the safest places to put your money. Compare CD and T-bill rates so you can decide which is the better buy.

A person holding a cell phone while looking out a window surrounded by house plants.

Feb. 8, 2024 | By Ashley Maready

More Than Two-Thirds of Americans Are Missing Out on Bonus Cash -- Here's Why

Did you know you can earn 4% (or more) on your savings these days? Keep reading to learn how.

Couple using laptop and calculator together smiling.

Feb. 8, 2024 | By Matt Frankel, CFP®

If You Invest $1,000 in a CD Today, Here's How Much You Could Have in 5 Years

How much could your money grow in a "boring" CD? Keep reading to find out -- you might be surprised.

A stressed person looking through papers and sitting in front of a laptop at a kitchen counter.

Feb. 8, 2024 | By Dana George

The Worst Savings Account Mistakes, According to Financial Experts

It's easy to leave the funds in your savings account untouched. Keep reading to learn what experts say you should do instead.

A person sits on a riverbank next to their bicycle, looking at their smartphone.

Feb. 7, 2024 | By Chris Neiger

How Much Should You Put Into a CD? Here's One Way to Decide

CDs can be a great place to let your money grow, but it's probably best to start slow. Learn more about getting yourself set up with CDs.

A hiker standing next to a lake looking at the sun hitting the top of the Matterhorn peak in Switzerland.

Feb. 7, 2024 | By Chris Neiger

5 Countries With the Highest Savings Rate (the U.S. Isn't Even Close)

The U.S. savings rate falls far below that of many other countries. Here are a few steps to take to boost your savings.

A young adult uses their laptop at home during breakfast.

Feb. 6, 2024 | By Steven Porrello

The Downside of CDs: What You Need to Watch Out For

Today's best CDs have eye-popping APYs, but don't be fooled: They're not always the best investment. Learn more about the downsides of CDs here.

Feb. 6, 2024 | By Dana George

3 Surprising Stats About the Average American's Savings

When it comes to savings accounts, you don't have to keep up with the Joneses. You just need enough to meet your needs. Read on to learn more.

A person sitting at a sunny dining room table and typing on a laptop.

Feb. 6, 2024 | By Dana George

The Single Best Thing You Can Do with Your Savings Right Now

Money sitting in the average savings account cannot keep pace with inflation. Take a look at how you can help that money grow instead.

One spouse uses a laptop at the kitchen table while another prepares food in the background.

Feb. 5, 2024 | By Steven Porrello

The Single Best Strategy for Making Money With CDs in 2024

The best strategy for CDs in 2024 helps you maximize returns while minimizing risks. Read on to learn what it entails -- and how to set one up today.

Two people sitting on a couch in their living room while typing on a laptop on the coffee table.

Feb. 3, 2024 | By Brittney Myers

This Is How Much You Can Really Make With CDs

High rates mean CDs are back in the spotlight. Take a look at the math that shows why they deserve it.

A woman looking at her finances with a laptop and phone.

Feb. 2, 2024 | By Natasha Etzel

3 Reasons Why Your Savings Account Isn't Growing as Expected

If you have money in a savings account, take steps to maximize your account growth. You could be making mistakes that slow your growth progress. Learn more.

A smiling woman looking at the phone in her hand while sitting at a desk in her living room with her laptop open in front of her.

Feb. 2, 2024 | By Kailey Hagen

Worried About Your Savings Account APY Dropping This Year? Try This

Interest rates could fall in 2024, hurting savers. But there's one account that could help you lock in high rates right now. Find out what it is here.

Woman making calculations as she uses her laptop.

Feb. 2, 2024 | By Brittney Myers

7 Tips to Maximize Your Earnings With CDs

High-yield CDs can be excellent places to grow your savings. Here's how to maximize one.

A young adult sits cross-legged while typing on a laptop in their bedroom.