Please ensure Javascript is enabled for purposes of website accessibility

This device is too small

If you're on a Galaxy Fold, consider unfolding your phone or viewing it in full screen to best optimize your experience.

Skip to main content
Advertiser Disclosure Many of the offers that appear on this site are from companies from which The Motley Fool receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear) and may influence which products we write about, but our product ratings are not influenced by compensation. We do not include all companies or offers available in the marketplace.
    |    Accessibility Options

Banking Articles | Page 9

From get out of debt strategies to advice on improving your savings returns, we've got recommendations to help you make smarter banking decisions.

All Topics Banks Insurance Personal Loans Brokerages Mortgages Credit Cards Cryptocurrency

Recent Articles

A pile of money with a seedling growing out of it
Feb. 24, 2025 | By James McClenathen

Should You Open a 5-Year CD in 2025?

Today's best 5-year CD rates look pretty tempting. But should you lock in a CD now or put your cash elsewhere? Find out here.
A women sitting at a sunny desk with a laptop, calendar, and planner.
Feb. 24, 2025 | By Jake FitzGerald

Should You Open a 6-Month CD in 2025?

A CD might not sound like the most exciting investment. But are you in a position to turn down a guaranteed return? Find out now.
A hand holding four hundred dollar bills that are on fire
Feb. 24, 2025 | By James McClenathen

If You Have a Chase Savings Account, You Should Switch ASAP. Here's Why

Chase savings accounts have an APY of just 0.01%, which means customers could be missing out on huge amounts of interest earnings. Here are some better options.
An insurance broker and an older couple discuss finances while standing in a kitchen holding folders.
Feb. 23, 2025 | By Jake FitzGerald

The 4 Safest Places for Retirees to Keep Their Money

Protecting your money is important for everyone in retirement. Find out four of the best places to park your cash now.
An older couple sit together and go over their investment portfolio.
Feb. 23, 2025 | By James McClenathen

How Much Money Should Retirees Have in Cash?

Keeping one to two years' worth of expenses in cash allows retirees to cover near-term expenses and avoid selling investments at a loss. Read on to learn more.
A young adult pumps their fist in celebration while going over paperwork and using a laptop at home.
Feb. 23, 2025 | By James McClenathen

A Simple Guide to Making Money With CDs

CD investing can be easy and lucrative with the right strategy. Find out how to earn high interest with little effort.
Older woman getting assistance from a bank teller.
Feb. 22, 2025 | By Jake FitzGerald

Here's Why Retirees Need to Move Their Cash to a High-Yield Savings Account

High-yield savings accounts can offer high returns without the risk. Find out now what you're missing out on.
A woman sitting in a sunny window seat and checking her tablet.
Feb. 22, 2025 | By James McClenathen

Have a Bank of America Savings Account? You're Probably Missing Out on $300-Plus a Year

Bank of America's savings account APYs are extremely low. See how you could earn hundreds more per year with a high-yield savings account.
A pile of money with a seedling growing out of it
Feb. 21, 2025 | By James McClenathen

Have Lots of Money in Your Checking Account? Here Are 3 Better Places to Keep Your Cash

Almost everybody needs a checking account, but keeping too much money in checking could cost you thousands. Here are three better ways to use extra cash.
A couple counts the bills and coins they've saved in a jar.
Feb. 21, 2025 | By James McClenathen

Here's Why the Average American Should Have $19,800 or More in Savings

$19,800 is about how much the average American spends in three months. Here's why they should try to have that amount in savings.
A glass jar full of bills and coins
Feb. 17, 2025 | By James McClenathen

This Is How Much Money You Can Make With $30K in a High-Yield Savings Account

At today's interest rates, a high-yield savings account would turn $30,000 into $66,000 in 20 years. But find out why you may want to put some money elsewhere.
Man sits at laptop and appears to be in thought.
Feb. 17, 2025 | By Jake FitzGerald

Should You Ever Break an Old CD Contract?

Breaking a CD contract is rarely the right move. If you're considering it, find out now what to look out for.
Man with glasses looking at laptop.
Feb. 16, 2025 | By Jake FitzGerald

3 Reasons I've Never Opened a CD -- Even With Rates Over 4%

CDs might seem like a no-brainer investment. But you could be missing out on even bigger returns. Read on to find out more.
A young man sits at his desk and looks over his investment accounts.
Feb. 16, 2025 | By James McClenathen

3 Good Reasons Not to Keep Money in a Savings Account

Everyone should have a savings account, but there are cases where you're better off putting your money somewhere else. Find out when this rule might apply.
A red piggy bank against a yellow background
Feb. 15, 2025 | By James McClenathen

This Banking Mistake Could Cost You Hundreds of Dollars a Year

Settling for a low savings account APY is one of the biggest financial mistakes you can make. Fortunately, it's easy to switch. Here's where to start.
A woman looking at her finances with a laptop and phone.
Feb. 15, 2025 | By Jake FitzGerald

It's Time to Ditch Your Old Bank Account -- These Online Banks Offer High Rates and No Fees

Too many Americans use the "set it and forget it" approach to their bank accounts. Find out how that could be costing you thousands of dollars.
Mature woman working from laptop with documents in hand.
Feb. 15, 2025 | By Jake FitzGerald

4 Reasons the Roth IRA Might Be the Best Retirement Account Ever Created

Choosing the wrong account for your retirement savings can really cost you. Find out why a Roth IRA might be your best option.
Couple talking with financial advisor and looking at paperwork.
Feb. 14, 2025 | By James McClenathen

Here's How Much Money You Should Have in Savings by 50. How Do You Compare?

Some experts recommend saving six times your salary by age 50, but the real answer is more complicated. Here's how to find your retirement number.
A calculator, pad, and pen against a yellow background
Feb. 14, 2025 | By Jake FitzGerald

I'm 40 Years Old With $100,000 in My 401(k). Am I on Track to Retire?

Everyone's journey to retirement looks a little different. Find out if you have enough money in the bank now.
A young adult calculates their personal finances at the kitchen table using a tablet.
Feb. 14, 2025 | By James McClenathen

Here's How to Earn $10,000 With CDs

It's possible to earn $10,000 or more from the best CDs on the market. However, it will take a lot of money or a very long time. Find out how it can be done.
A man reading paperwork at his desk.
Feb. 11, 2025 | By James McClenathen

Should You Buy CDs Before Interest Rates Drop Again?

Federal Reserve rate cuts likely won't make a huge difference for CD investors, and you may have better options. Find out why.
Young man pausing from using his laptop to look at a calendar.
Feb. 11, 2025 | By Jake FitzGerald

How High Could CD Rates Go in 2025?

Is now the time to lock in CD rates before they fall? Find out what might happen as the year progresses.
A smiling person lying on a bed while searching on a laptop.
Feb. 10, 2025 | By James McClenathen

This Bank Offers a 10% APY Savings Account. Is It Legit?

Some banks offer very high APYs -- but only on a portion of your savings. See why those eye-popping interest rates may not be worth your time.
Grey-haired woman holding glasses rests hand on chin and looks thoughtful.
Feb. 9, 2025 | By James McClenathen

Here's What Happens When You Leave a Lot of Money in Your Savings Account

A savings account is a great place to store money -- to a point. See how keeping too much money in savings could cost you thousands of dollars in the long run.
young man sitting at kitchen table writing a check
Feb. 9, 2025 | By Jake FitzGerald

Here's Why Your Checking Account Should Have as Little Money as Possible

Checking accounts earn very little interest. Find out where to put your cash so it can earn more money for you.