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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.


Recent Articles

Sept. 19, 2024 | By Maurie Backman

Prediction: Savings Account Balances Will Drop in 2025 for This Reason

This financial writer thinks savings account balances will shrink in the new year. Read on to see why.
Sept. 18, 2024 | By Ben Gran

Surprise! The Fed Cut Interest Rates by Half a Point -- Here's What It Means for Your Money

The Fed announced a 50 basis point rate cut on Sept. 18, 2024, bigger than expected. See what it means for your finances and the economy.
Sept. 18, 2024 | By Maurie Backman

The Fed Is Finally Lowering Interest Rates. Should You Buy a CD Now?

Interest rate cuts are apt to drive CD rates downward. Read on to see if you should rush to open one.
Sept. 18, 2024 | By Ben Gran

This HYSA Is the Most Popular Among Retirees in 2024

Retirees have a few particular needs when opening a savings account. Make your retirement money last longer with a high-yield savings account.
Sept. 17, 2024 | By Ashley Maready

HYSA Rates Can Change at Any Time. Should You Be Worried?

We're likely to see lower rates on high-yield savings accounts soon. Read on to learn why you should breathe easy, even if your HYSA's rate falls.
Sept. 17, 2024 | By Ben Gran

Here's How Much Money You'll Lose When the Fed Cuts Interest Rates by 0.25%

The Fed is expected to cut interest rates by 0.25% at its September 2024 meeting. See how this affects your savings account -- and what you should do.
Sept. 17, 2024 | By Maurie Backman

Forget CDs. If You're Saving for a Home, Your Money Should Go Here

CDs are great for a lot of things. But read on to see why they're not the best place for your home down payment.
Sept. 17, 2024 | By Christy Bieber

If I Could Tell Seniors One Thing About CDs, This Would Be It

Seniors need liquid cash to avoid having to take money out of the market at a bad time. Read on to learn how CDs can help.
Sept. 17, 2024 | By Christy Bieber

Is It Better to Buy a CD or Put Your Money in Savings? The Answer Is Simpler Than You Think

A CD can be a good investment choice in some situations, but there are other times when your money belongs in savings. Find out here how to decide.
Sept. 16, 2024 | By Steven Porrello

​​​​High CD Rates Are Dropping Like Flies. These 5 CDs Are Still a Rare Opportunity

As the Federal Reserve prepares for its first rate cut, CD rates are dropping. Here are five CDs that still have competitive APYs.
Sept. 16, 2024 | By Steven Porrello

This Is How Much Money You Should Actually Keep in Your Checking Account

Keeping too much money in your checking account could lead to missed opportunities. Find out the golden number here.
Sept. 16, 2024 | By Ashley Maready

CD Rates Are Likely to Fall Soon. Here's Why I'm Still Not Opening One

The days of 5% CD rates are coming to a close. Read on to learn why one writer still isn't biting -- and where her spare cash is going instead.
Sept. 16, 2024 | By Kailey Hagen

Chase Is Offering a Super Easy $300 Bank Account Bonus -- but Time's Running Out to Claim It

Checking account bonuses offer extra cash, but they're not always easy to achieve. Here's what you need to know about Chase's competitive offer.
Sept. 16, 2024 | By Natasha Etzel

This HYSA Is the Most Popular Among Millennials in 2024

Are you a millennial who wants to open a new savings account? Here are some of the top features millennials love about Ally's online savings account.
Sept. 16, 2024 | By Matt Frankel, CFP®

Should You Pay Extra Toward Your Mortgage or Save Money in a CD?

If you have a low-interest mortgage, there's a mathematical reason to pay it off as slowly as possible. But is that the right move for you? Find out here.
Sept. 16, 2024 | By Matt Frankel, CFP®

I'm About to Open a CD. Here's Why I'm Not Going for the Absolute Highest Rate

A high interest rate is certainly a priority as I shop around for CDs. But it isn't my only priority. Read on to see why.
Sept. 15, 2024 | By Maurie Backman

3 Reasons Not to Celebrate 5% CD Rates

A lot of people are happy about 5% CD rates. But maybe you shouldn't be. Read on to see why.
Sept. 15, 2024 | By Danielle Antosz

Is $25,000 Too Much to Keep in a High-Yield Savings Account?

There's nothing wrong with keeping $25,000 in an HYSA. But read on to learn how a balanced approach could help you earn higher yields.
Sept. 15, 2024 | By Maurie Backman

Is $10,000 Too Much to Put Into a CD?

Got $10,000? Read on to see if sticking it into a CD is a good move or not.
Sept. 14, 2024 | By Kailey Hagen

4 Chase Bank Account Bonuses You Can Get -- if You Act Fast

Bank account bonuses can make an account a lot more appealing. Check out four great offers from Chase to consider now.
Sept. 14, 2024 | By Dana George

Here's What Happens When You Withdraw More Than $10,000 From Your Savings Account

The federal government received a report if you've ever withdrawn more than $10,000 from your bank account. Keep reading to learn why.
Sept. 14, 2024 | By Brittney Myers

Here's How Much Interest You Can Earn on $1,000 in Savings

Reaching $1,000 in savings can be a big milestone, but it's even better when you realize that money can work for you. Here's how much it can grow.
Sept. 14, 2024 | By Maurie Backman

If You Think Today's CD Rates Are Amazing, Just Wait Till You See What the Stock Market Can Do for Your Money

Today's CD rates are pretty impressive. But read on to see why stocks are a better place for your money on a long-term basis.
Sept. 14, 2024 | By Maurie Backman

CD Investors Are in for a Rude Awakening. Are You Prepared?

Savers have gotten used to 5% CDs. Read on to see why they're unlikely to be available much longer.
Sept. 14, 2024 | By Kailey Hagen

Ranked: The 3 Top Bank Account Bonuses Available Now

Bank account bonuses can make a bank account offer much more tempting. Here are some of the best bonuses available today.