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Banking Articles | Page 2

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

May 27, 2024 | By Ashley Maready

3 Good Places for Your Emergency Savings -- and 1 Terrible One

Having money put aside for unplanned expenses can help you sleep better at night. Read on for our picks for the best places to keep the cash.
May 27, 2024 | By Christy Bieber

This CD Investing Mistake Could Leave You Earning Way Less Interest Than You Expect

If your CD term ends, you must take action. Be sure you're paying attention so you don't miss out on today's best yields.
May 27, 2024 | By Maurie Backman

Think You're Safe Putting $250,000 Into a Savings Account? Here's Why You May Not Be

FDIC insurance protects up to $250,000 of your money per bank. But read on to see why you should stay below that limit.
May 27, 2024 | By Maurie Backman

Can You Be Denied a CD? It Happened to Me

You'd think being able to open a CD would be a sure thing as long as you have the money. Read on to see why you'd be wrong.
May 27, 2024 | By Maurie Backman

The Sneaky Way Banks Rob You of Money -- and What to Do About It

Are you earning as much interest in your bank account as you think you are? Find out how you can guarantee yourself a certain amount of interest each year.
May 26, 2024 | By Maurie Backman

Here's What Happens When You Don't Ladder Your CDs

Putting all of your money into one CD is a seriously dangerous move. Read on to see why.
May 26, 2024 | By Kailey Hagen

This CD Could Turn $1,000 Into $114,000. Here's Why I'd Still Stay Away

This CD promises huge returns, but it comes at a pretty significant price. Here's why I'm not opening one.
May 26, 2024 | By Maurie Backman

I Only Have $500. Is It Worth Opening a CD?

A CD could put more interest in your pocket. Read on to see if you should open one if you only have $500.
May 26, 2024 | By Maurie Backman

3 Reasons Not to Open a CD Now -- Even With Rates at 5%

Today's CD rates are tempting. But read on to see why a CD may not be the best choice for you.
May 25, 2024 | By Chris Neiger

CD vs. High-Yield Savings Account: What's the Better Place for Your Savings Right Now?

Both can be good options for your money. Read on to find out why savings accounts may have the advantage.
May 25, 2024 | By Maurie Backman

CD Rates Could Fall This Year -- But Here Are 3 Reasons to Wait on Opening One

It's a good time to lock in a great CD rate. But you may want to wait if these situations apply to you.
May 25, 2024 | By Maurie Backman

Do You Need a 6-Month Emergency Fund?

Is six months' worth of savings sufficient for you? Is it too much? Read on to find out.
May 25, 2024 | By Maurie Backman

12- vs. 24-Month CD: What's Best for You?

If you're going to open a CD, it's important to choose a term that works well for you. Here's how to decide between a 12- and 24-month option.
May 24, 2024 | By Cole Tretheway

Here Are the Pros and Cons of Owning 2 Bank Accounts

Owning two savings or checking accounts could be worth the hassle. Find out the perks and drawbacks of multiple bank accounts.
May 24, 2024 | By Maurie Backman

Here's the Single-Best Reason to Open a CD Right Now

CD rates are up right now. But that's not the main reason why it pays to open a CD. Read on for all the details.
May 24, 2024 | By Ben Gran

This 'Green Bank' Savings Account Fights Climate Change With 5.15% APY

Want to fight climate change with your savings account? Forbright Bank can help. This fossil-free bank offers 5.15% APY on its best savings account.
May 24, 2024 | By Maurie Backman

Here's Why Putting All of Your Money Into a CD Is a Seriously Dangerous Move

CDs make a lot of sense right now. But read on to see why it's important to keep some of your cash in a regular savings account, too.
May 24, 2024 | By Kailey Hagen

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

A high-yield savings account can be a great home for your money, but not always. Here's how to decide if you should keep your $10,000 in one.
May 24, 2024 | By Maurie Backman

Why You Shouldn't Stop at a 3-Month Emergency Fund

A three-month emergency fund is a great start. Read on to see why you may want to save beyond that point.
May 24, 2024 | By Matt Frankel, CFP®

5 CDs With the Highest Interest Rates in May 2024

CD rates are at their highest level in years. Take a look at where you can get the best yield on your money.
May 24, 2024 | By Chris Neiger

This Is What Happens When You Leave a Lot of Money in Your Savings Account

You could be missing out on easy money if you're using the wrong bank account. Read on to find out how your cash can grow in a high-yield savings account.
May 23, 2024 | By Maurie Backman

I'm Giving Up a 5.05% CD Rate for a Rate of 4.5% Instead. Here's Why

I'm intentionally not chasing the highest CD rate available today, but there's a big reason for that. Read on to find out what it is.
May 23, 2024 | By Dana George

Don't Make These 4 Mistakes in Business Banking as a Freelancer

If you're a freelancer, you're a small business owner. Take a look as we outline four avoidable banking errors freelancers sometimes make.
May 23, 2024 | By Christy Bieber

It's Been 35 Years Since CDs Offered This Rare Opportunity

There's something unusual going on with CDs. Learn how it presents investors a rare opportunity to make a short-term commitment while getting great returns.
May 23, 2024 | By Ben Gran

Don't Ignore These High-Yield Savings Opportunities in May 2024

Want higher yield on your savings? Check out the best high-yield savings opportunities as of May 2024 (including CDs, savings, and money market accounts).