Banking Articles

A couple packs a suitcase for traveling, including a wallet and passport.

Aug. 9, 2023 | By Ashley Maready

Want to Vacation More? Here's Where I Keep My Travel Fund

You have options for where to keep your vacation fund. Read on to learn about one of the best places to keep your money safe and help it grow.

Man with glasses using laptop looks away appearing to be in thought.

Aug. 8, 2023 | By Ashley Maready

Is There a Limit on How Many CDs I Can Buy?

Certificates of deposit (CDs) are a way to keep your money safe and earn some interest on it. Keep reading to learn if you can have as many as you want.

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

Aug. 6, 2023 | By Ashley Maready

3 Ways You Can Lose Money in a Savings Account

A savings account is one of the safest places to keep your cash, but there are still times when your money is at risk. Read on for what to watch out for.

Aug. 4, 2023 | By Natasha Etzel

This Is How Much Money You Can Make With $1K in a High-Yield Savings Account

Having emergency savings can help you prepare for the unexpected. Find out how much interest you can earn by keeping $1,000 in savings for a year.

Senior couple sitting on couch together going over information on a laptop and other documents.

July 31, 2023 | By David Chang, ChFC®, CLU®

Every Single Person Should Have This Type of Trust. Here's Why

Without proper estate planning, it's almost impossible to protect assets. Find out why everyone should consider a revocable living trust and how it can benefit you.

A person standing across from a teller at a bank counter and writing a check.

July 29, 2023 | By Natasha Etzel

Here's What Happens When You Receive a Check Made Payable to Two People

Before you go to the bank to cash or deposit a check made payable to two people, make sure you know what to expect. Find out what you need to know.

Woman using laptop and smartphone at home

July 28, 2023 | By Ashley Maready

Why This One Savings Tip Will Transform the Way You Spend Your Money

When you get paid, do you pay bills first or add money to your savings? Read on to learn how to prioritize your savings goals.

An African /American couple looks at each other worriedly. They sit in front of financial documents and a computer.

July 25, 2023 | By Emma Newbery

There's a $5.5 Trillion Hole in Americans' Savings. Here's How to Boost Yours

Americans' savings balances have fallen significantly and are now lower than they were before the pandemic. Find out how this drop could impact your finances.

A happy couple on a couch with receipts and a laptop.

July 24, 2023 | By Natasha Etzel

This Is How Much Money You Can Make With $5K in a High-Yield Savings Account

Is opening a high-yield savings account worthwhile? Yes! Find out how much you can earn with $5,000 in a high-yield savings account. You may be surprised.

Native American couple looks over documents with banker

July 23, 2023 | By Chris Neiger

Big Banks Use Their Own Numbers to Evaluate Risk. Here's Why That's a Problem for You

The Federal Reserve wants to regulate risk-taking by banks. Here's why customers could benefit from more bank scrutiny.

Three children sitting at desks and doing work in a classroom.

July 20, 2023 | By Lyle Daly

Saving for College? Here Are 3 Important Differences Between 529 Plans

There are two types of 529 plans available. Learn about their key differences so you can choose the right option for your child's college fund.

Man reading newspaper and looking at a tablet

July 20, 2023 | By Ashley Maready

The Federal Reserve Could Raise Interest Rates Again This Month. Here's How It'll Impact Your Savings

Inflation has improved over the last year, but a higher federal funds rate could be coming anyway. Read on to learn what it means for your savings account.

A young adult pumps their fist in celebration while going over paperwork and using a laptop at home.

July 19, 2023 | By Natasha Etzel

5 Super Easy Strategies to Save $10,000 Fast

Want to save $10,000 as quickly as possible? The right savings techniques could help you succeed. Find out what to do to reach your goal sooner.

July 18, 2023 | By Steven Porrello

Here's What Happens When Your Emergency Fund Is Too Big

Overfunding a savings account with emergency cash isn't always a safe idea. Learn what happens when you save too much.

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

July 16, 2023 | By Matt Frankel, CFP®

The Federal Reserve Could Raise Interest Rates Again This Month. Here's How It'll Impact Your CDs

CD interest rates aren't directly tied to the Federal Reserve's rate moves, but there is certainly a relationship. Read on to learn more.

A smiling man drinking juice and looking at his phone while sitting at the breakfast table in front of a bowl of cereal.

July 16, 2023 | By Matt Frankel, CFP®

FDIC Insurance Limits Last Changed in 2008. Here's How to Get More Coverage if You Need It

Do you keep a lot of your money in bank accounts? Find out how to make sure you're protected from loss.

Man compares quotes from newspaper and tablet.

July 14, 2023 | By Steven Porrello

Here's What Happens When You Open a CD Instead of Invest in the S&P 500

CDs may not earn as much as the S&P 500 over long periods. But they do have advantages. Read on to learn what happens when you choose CDs.

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

July 14, 2023 | By Lyle Daly

5 Things You Should Never Do With Your Bank Account

There are several common banking mistakes that can cost you money. Check out the things you should never do with your bank account to know what to avoid.

A woman wearing an apron and standing in her small pottery shop holding a clipboard.

July 13, 2023 | By David Chang, ChFC®, CLU®

Investing in Women- or Minority-Led Funds? This Major Bank Is, Too

Bank of America is investing over $500 million to support diverse and women entrepreneurs. Learn why, and the positive benefits it has on the community.

An older adult sitting crosslegged on the couch while typing on a laptop.

July 13, 2023 | By Jamie Matthews

My Bank Has Paid Me $188 in Passive Income Over the Last 4 Months. Are You Missing Out on Free Cash?

If your savings isn't generating you passive income, you're not maximizing your earning potential. Learn how to make the most of your emergency cash.

Woman sorting through mail at her mailbox.

July 12, 2023 | By Cole Tretheway

Bank of America to Pay $250 Million in Fines for 'Double Dipping on Fees.' Here's How to Get Your Money Back

Bank of America customers may be entitled to quick money. Find out whether you qualify and what you need to do.

Happy couple reviewing their bank accounts on a laptop and on paper at a desk

July 10, 2023 | By Ashley Maready

I'm Saving for a House. Here's Where I'm Keeping My Money

When it comes to bank accounts, you have options. Read on to learn where one writer is putting money for her future home purchase.

A woman with a check in hand puts numbers into a calculator

July 9, 2023 | By Ashley Maready

The Anatomy of a Check: What All Those Numbers and Spaces Are (and Why They Matter)

Paper checks have a lot of features. Read on for a breakdown of this payment method and how its various components work.

A worried young adult uses a laptop at home.

July 7, 2023 | By Kailey Hagen

3 Surprising Reasons Your Bank Can Close Your Account -- and What You Can Do About It

Though it's rare, banks can close your accounts if you're guilty of certain activities. Here's what you need to know.

A smiling young adult sitting in an armchair in a sunny room while looking at a phone.

July 6, 2023 | By Dana George

6 Huge Advantages of Banking Online

The majority of banks and credit unions offer online banking. Read on for six reasons why you should check it out.

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