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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

April 25, 2024 | By Maurie Backman

Here's What Happens When You Don't Have at Least $500 in Emergency Savings

Having little to no emergency savings could cost you a lot of money over time. Read on to learn more.
April 25, 2024 | By Matt Frankel, CFP®

The Fed Might Not Lower Interest Rates in 2024. Here's What That Means for CD Rates

It's getting less likely we'll see significant rate cuts in 2024. And this could have implications for CDs. Keep reading to learn more.
April 24, 2024 | By Steven Porrello

Will Hotter-Than-Expected March Inflation Push CD Rates Higher?

Annual inflation in March was higher than expected. Read on to learn how this might affect CD rates.
April 24, 2024 | By Maurie Backman

Keep This Risk in Mind When Opening a CD -- and It's Not What You Think

You need to be careful when opening a CD. Read on to see why.
April 24, 2024 | By Maurie Backman

Why Haven't High Borrowing Costs Caused a Recession?

Many financial experts were convinced that a recession would've happened by now. Read on to see why we've been able to avoid one.
April 24, 2024 | By Dana George

Why I'm Slowly Moving Money Out of My High-Yield Savings Account

High-yield savings accounts are awesome, but they don't have to be forever. Here's why one writer plans to move her money out soon.
April 23, 2024 | By Maurie Backman

My Friend Used a Credit Card to Cover a Big Expense Instead of Her Emergency Fund. Here's What It Cost Her

It can be scary to tap your emergency savings. But read on to see why doing so is generally your best move financially.
April 23, 2024 | By Maurie Backman

This Is the Average Weekly Allowance Parents Give Their Kids. How Does Yours Compare?

How do your allowance practices stack up against other parents'? Read on to find out.
April 23, 2024 | By Kailey Hagen

3 Interest-Bearing Bank Accounts That Could Cost You in the Long Run

Earning interest on your savings is great, but some accounts offer you more than others. Here are three to stay away from.
April 23, 2024 | By Matt Frankel, CFP®

Worried Interest Rates Will Keep Rising? These 3 CDs Could Be Your Best Bet

A bump-up CD can be an excellent way to protect against the possibility of rising rates. Read on to learn how.
April 23, 2024 | By Ashley Maready

Ranked: Top HYSA Options for College-Bound Teens

Ready for college? Keep reading for three excellent high-yield savings accounts that can help you get in the habit of saving money.
April 22, 2024 | By Maurie Backman

Do You Need a 12-Month Emergency Fund?

A 12-month emergency fund is overkill for most people. But is that the case for you? Find out how to tell.
April 22, 2024 | By Steven Porrello

3 Reasons Not to Open a CD Right Now, Even With Rates at 5.30%

Despite high rates, now might not be the right time to open a new CD. Keep reading to learn when a CD is the wrong move for you.
April 22, 2024 | By Matt Frankel, CFP®

2 Great Banks That Will Pay You to Open an Account

Thinking of moving to an online bank? Find out how you can get up to $300 for doing it.
April 22, 2024 | By Maurie Backman

Will CDs Still Make Sense When and if Interest Rates Fall This Year?

Interest rate cuts are likely for 2024. Find out how that might affect CDs.
April 22, 2024 | By Matt Frankel, CFP®

3 High-Yield Savings Accounts That Have a High APY and Other Great Perks

There's more to choosing a savings account than a high APY. Read on for three that offer some unique benefits.
April 22, 2024 | By Maurie Backman

Will CD Rates Drop in 2024? Here's What We Know

CD rates are strong now. Will that change later this year? Read on to find out.
April 22, 2024 | By Maurie Backman

You May Have Access to This Amazing Savings Account in 2024 -- Even if You Didn't in 2023

There's a special type of savings account where access isn't automatically granted. Read on to see what it is and whether you qualify.
April 22, 2024 | By Maurie Backman

Here's Why I Treat My HSA as a Retirement Savings Plan

I try to make HSA withdrawals off limits. Read on to see why.
April 21, 2024 | By Steven Porrello

​​Get an Incredible 5.45% APY When You Open a Checking and Savings Account at This Bank

UFB Direct is giving you an APY boost when you link a UFB Freedom Checking with a UFB Secure Savings. Learn how to earn 5.45% on your money.
April 21, 2024 | By Steven Porrello

Rakuten Users: Get a $50 Cash Back Bonus When You Open a Raisin CD

If you've never opened a Raisin account before, Rakuten is offering you a special reward. Find out how to earn a $50 bonus with a new CD or savings account.
April 21, 2024 | By Matt Frankel, CFP®

Should You Buy a 1-Year CD Now Before the Fed Starts Cutting Rates?

The Federal Reserve is widely expected to start lowering interest rates soon. Find out what it could mean for your CDs.
April 21, 2024 | By Ben Gran

How Your Bank Can Help Fight Climate Change

Did you know that your bank can help reduce carbon emissions? Learn how choosing a green bank can help divest from fossil fuels and support clean energy.
April 21, 2024 | By Matt Frankel, CFP®

If You Put $10,000 Into a 5-Year CD, How Much Money Will You Earn?

A CD offers safe and predictable returns, but the amount you make depends on your APY. Here's where things stand right now.
April 20, 2024 | By Maurie Backman

I Used to Be Opposed to 5-Year CDs. Here's Why I've Changed My Tune

Long-term CDs could be a good choice in some cases. Read on to see why.