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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

May 14, 2024 | By Maurie Backman

Can Severance Take the Place of Your Emergency Fund After a Layoff?

Some workers are eligible for severance pay when their jobs are eliminated. Read on to see why falling back on that option is pretty dangerous.
May 14, 2024 | By Dana George

Want to Buy CDs? Here's Why You Need a (Simple) Plan

Investing in a CD could not be any more straightforward. Take a look at a plan that can help you squeeze the most from your investment.
May 14, 2024 | By Maurie Backman

3 Signs You Need Way More Than a 3-Month Emergency Fund

You'll often hear that three months of savings is the minimum amount to aim for. Read on to see why you should be working toward a higher savings goal.
May 14, 2024 | By Christy Bieber

Suze Orman Is Right About CDs, and Dave Ramsey Is Wrong. Here's Why

Both Dave Ramsey and Suze Orman have shared their opinions about CDs, but Orman's stance makes a lot more sense. Read on to learn why.
May 14, 2024 | By Margo Winton Parodi

CD Rates Are Above 5%, but I'm Still Not Investing. Here's Why

CDs have been the talk of the town, thanks to the towering rates of late. But take a look at why they may not be the right move for everyone.
May 14, 2024 | By Maurie Backman

Here's the Single Best CD Investing Strategy for Seniors

CDs could make a lot of sense for those approaching retirement. But read on to see how to set yours up.
May 14, 2024 | By Maurie Backman

Didn't Increase Your Savings in 2023? Here's How to Do Better in 2024

It's a good time to be putting money into savings. Read on for ways to free up cash for that purpose.
May 13, 2024 | By Dana George

4 Things I Don't Like About Investing in CDs

CD rates remain relatively spectacular. Read on for four qualities of certificates of deposit that one writer doesn't especially like.
May 13, 2024 | By Maurie Backman

Americans Earned $315 Billion on Their Savings in 2023. Here's How to Get the Highest Interest Rate Possible

Want to earn more on your money this year? Read on to see how.
May 13, 2024 | By Devon Delfino

CDs: The Most Misunderstood Investment Tool for Young Investors

Certificates of deposit provide an opportunity for serious growth. Read on to learn how younger investors can best take advantage of these tools.
May 13, 2024 | By Christy Bieber

Think CDs Are a Risk-Free Investment? Here Are 3 Reasons Why You're Wrong

CDs are often touted as being 100% risk-free, but that's not actually the case. Learn about three risks you're taking when you put your money into a CD.
May 13, 2024 | By Christy Bieber

Your Emergency Fund Could Earn Great Rates if You Put It in a CD -- but It's Still a Terrible Idea

Opening a CD with your emergency fund money could leave you stuck facing hard choices if you encounter an unplanned expense. Find out why.
May 13, 2024 | By Christy Bieber

Should You Buy a 3-Month, 1-Year, or 5-Year CD? Here's How to Decide

Banks typically offer CD terms ranging from a few months to several years. Learn how to choose one, based on a few key factors.
May 13, 2024 | By Dana George

4 Reasons You Should Never Stay Loyal to Your Bank

While some banks take money out of your pocket, others add to your bottom line. See why you may want to examine your banking relationship more closely.
May 13, 2024 | By Emma Newbery

​​Can CDs Help You Save For Retirement?

Today's high CD rates could boost your savings. Find out whether you should include CDs in your retirement plan.
May 12, 2024 | By Christy Bieber

3 Reasons a High-Yield Savings Account May Be a Better Place for Your Money Than CDs

A high-yield savings account offers benefits that CDs don't provide, including the freedom to withdraw your money when you need it. Learn more here.
May 12, 2024 | By Christy Bieber

How Much Money Do You Need to Build a CD Ladder?

A CD ladder is a great way to maximize your CD yields while keeping your money accessible. But how much money do you need to create one? Find out here.
May 12, 2024 | By Devon Delfino

Top Hacks for Getting the Most Out of Your HYSA as a College-Bound Teen

High-yield savings accounts can help upcoming college students maximize their savings. Here are four tips to get it done.
May 12, 2024 | By Christy Bieber

The Biggest Downside of CDs Could Actually Be a Huge Benefit in Some Situations. Here's Why

CDs require you to stay invested to avoid penalties, which means giving up liquidity for your money. Read on to learn why that can be a good thing.
May 12, 2024 | By Ashley Maready

3 Reasons for Retirees to Invest in CDs

CDs have great perks for retired folks. Keep reading to learn why they're worth considering if you're no longer working.
May 12, 2024 | By Christy Bieber

3 Questions You Must Ask Before Buying a CD

Don't rush into investing in CDs. Before you do, make sure you're ready by considering these three questions.
May 12, 2024 | By Brittney Myers

6-Month vs. 12-Month CD: Where to Put $1,000 Right Now

CDs can help your money grow, but you need to choose the right term length. This is how to figure out the right fit.
May 12, 2024 | By Christy Bieber

CDs Offer Risk-Free Returns Above 5%. Here's Why They May Still Be a Bad Investment

CDs offer lower rates than you could earn from investing, plus you have to tie up your money for a set term. Find out if they're still worth buying.
May 12, 2024 | By Emma Newbery

3 Banking Habits of Millionaires

You don't need to get lucky with the lottery to become a millionaire. With time and careful spending, many of us can build wealth. Find out how these banking practices could help.
May 11, 2024 | By Christy Bieber

Looking to Invest in a CD? Here's How to Pick the Right One

If you've decided to open a CD, you'll want to pick the best one for your situation. Read on for tips to choose the right account.