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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

One spouse uses a laptop at the kitchen table while another prepares food in the background.
Feb. 1, 2024 | By Matt Frankel, CFP®

Should You Open a CD Now, or Wait for a Better Rate?

CD yields have been on an upward trajectory for a couple of years. Find out why it might not last much longer.
A person standing at a picnic table in a park and putting a coin in a piggy bank.
Feb. 1, 2024 | By Kailey Hagen

Is $10,000 Too Much to Keep in a Savings Account?

You want to put your money where it'll do you the most good. Find out how to decide if you should keep your $10,000 in a savings account.
Woman sitting on sofa holding cash and using a calculator.
Jan. 31, 2024 | By Natasha Etzel

Here's Why I'm Boosting My Emergency Savings Fund in 2024

Saving for emergencies is a smart money move. One writer plans to continue building her emergency fund in 2024. Find out why she's not done saving.
A smiling man drinking juice and looking at his phone while sitting at the breakfast table in front of a bowl of cereal.
Jan. 31, 2024 | By Lyle Daly

One-Third of Americans Have No Savings. Here Are the 3 Best Ways to Start

A startling number of Americans have no money saved. Follow these simple tips to get your savings started or give them a boost.
A person sitting at a table next to a big window and writing in a notebook next to an open laptop.
Jan. 30, 2024 | By Lyle Daly

5 Better Places Than a Checking Account for Your Savings

It's not a good idea to leave too much money in your checking account. Explore better options where you can earn more back on your savings.
Young man pausing from using his laptop to look at a calendar.
Jan. 30, 2024 | By Lyle Daly

This Bank Is Offering a $2,500 Bonus -- but It's a Lousy Deal

A $2,500 bank bonus might seem like a slam dunk. Find out which bank is offering this and why it's actually not worth your time.
A parent lying on the couch and kissing their young baby lying on top of them.
Jan. 29, 2024 | By Lyle Daly

3 Sure Signs You Need a Large Emergency Fund

Everyone needs emergency savings, but some people need more than others. Learn about a few of the signs that you should have a large emergency fund.
Man with glasses looking at laptop.
Jan. 28, 2024 | By Dana George

The Top 5 Savings Account Mistakes You're Probably Making Right Now

Money in savings means having the ability to cover a simple emergency. But read on to find out if you're falling victim to one of these errors.
Young woman using her laptop.
Jan. 28, 2024 | By Steven Porrello

Want to Lock in High Interest Rates on Your Savings? You May Not Have Much Time

Short-term CD rates are falling. Find out if now is the right time to lock into a CD rate, or if you're better off waiting.
A man reviewing his finances on a tablet with bills on the coffee table in front of him.
Jan. 27, 2024 | By Ashley Maready

3 Ways a Savings Account Might Cost You Money

Savings accounts are banking 101 -- but it's not impossible to lose money in one. Read on to learn how it could happen.
A bank manager helps a woman open up a new account.
Jan. 27, 2024 | By Ashley Maready

Some MMAs Are Paying More Than 5%. Here's Why I'm Not Opening One

Money market accounts are paying high APYs on the heels of Federal Reserve rate hikes. Learn why one writer has opted out of getting an MMA.
Young couple going over paperwork with female professional.
Jan. 25, 2024 | By Lyle Daly

5 Quotes From Financial Gurus: The Smartest Ways to Use Your Savings

Knowing how to use your savings will help you reach your financial goals. Check out advice on this subject from five experts.
A person sitting at a desk in a sunny home office and typing on a laptop.
Jan. 25, 2024 | By Lyle Daly

Where Should You Put Your Money? Here's What 3 Financial Experts Say

There are all kinds of places you can put your money. Learn about the best options according to popular financial experts.
A mature couple goes over financial paperwork at home.
Jan. 24, 2024 | By Kristi Waterworth

I Just Opened 6 Savings Accounts at My Credit Union. Here's Why.

New savings accounts will help me better meet my goals in 2024. Keep reading to learn about the bucketing technique for savings.
A person holding a cell phone while looking out a window surrounded by house plants.
Jan. 24, 2024 | By Kailey Hagen

The 5 Smartest Places to Put Your Savings in 2024

Put your money to work for you in 2024. Read on for five places to consider stashing your savings.
A person types on a laptop while sitting on the couch at home.
Jan. 24, 2024 | By Brittney Myers

Here's How Much $5,000 Would Earn in a 6-Month CD Right Now

A high-yield 6-month CD can be a good place to stash mid-term savings. See how much interest you could earn with $5,000 in a short-term CD.
A woman sitting at her dining table and typing on her laptop.
Jan. 23, 2024 | By Brittney Myers

Here's How Much $10,000 Would Earn in a 6-Month CD Right Now

A $10,000 deposit can earn a very tidy sum in a high-yield CD. Read on to see how the math works out.
Two young adults wearing loungewear use their devices and a pad of paper to discuss finances.
Jan. 23, 2024 | By Brittney Myers

Here's How Much $1,000 Would Earn in a 6-Month CD Right Now

You can find many great CDs with low (or no) deposit minimums. See how just $1,000 can grow with a high-yield CD.
Woman paying waiter credit card
Jan. 23, 2024 | By Natasha Etzel

A Proposed CFPB Rule Could Limit Bank Overdraft Fees

The CFPB wants to limit bank overdraft fees. A newly proposed rule could save Americans billions of dollars. Find out what this could mean for consumers.
Senior citizen works out in a gym with a personal trainer.
Jan. 22, 2024 | By Brittney Myers

Joining a Gym? Here's Why You Should Open a New Bank Account

Opening a new bank account may not be your first thought when you decide to join the gym. This may change your ways.
Senior couple sitting on couch together going over information on a laptop and other documents.
Jan. 19, 2024 | By Ashley Maready

Should You Open an MMA in 2024?

Money market accounts might not be on your radar. Keep reading to learn why an MMA might just be a good fit for you this year.
Person resting on floor in room filled with weights and workout equipment.
Jan. 17, 2024 | By Brittney Myers

Why I Opened a New Bank Account Before I Joined a New Gym

Many gyms are now requiring monthly fees to be paid via bank transfer. Here's how one gym-goer responded.
A man sitting at a desk in his home and making a phone call while typing on his laptop.
Jan. 15, 2024 | By Lyle Daly

CDs Pay More Than Savings Accounts. Here's Why I Still Don't Use Them

CDs have some of the highest rates that banks offer. Find out why one personal finance writer sticks to savings accounts and never uses CDs.
Two men in thought looking at a laptop screen together.
Jan. 14, 2024 | By Steven Porrello

Should You Break a CD Early to Lock In a Higher Rate?

Some promises are meant to be broken. Find out when it's smart to break an old CD for a new one here.
Young woman using laptop at the library
Jan. 13, 2024 | By Steven Porrello

Are MMAs a Good Investment for 2024?

MMAs combine the check-writing privileges of checking accounts with high APYs. But do they make a good investment for 2024? Let's take a look.