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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 3, 2024 | By Maurie Backman

If You Built Your Emergency Fund Years Ago, It May Need a Serious Refresh. Here's Why

You need your emergency fund to cover a period of unemployment. Read on to see why you may need to increase your savings.
May 3, 2024 | By Maurie Backman

I Bonds Now Pay 4.28% -- but You're Better Off Investing in CDs

I bonds offer a decent rate of return, given that they're virtually risk-free. But read on to see why a CD may be a better bet right now.
May 3, 2024 | By Christy Bieber

Does Your CD Offer This Feature That Maximizes Your Returns?

If your CD doesn't offer daily compounding, you're missing out on a chance to earn more money. Find out why this feature matters.
May 3, 2024 | By Lyle Daly

The 4 Safest Places for Retirees to Put Their Money

When you're retired, your savings needs to last you the rest of your life. Learn about the safest places you can put your money to make that happen.
May 3, 2024 | By Christy Bieber

This CD Is Paying 9.50% Right Now. Here's Who Can Get One

While most CDs offer rates around 5.00%, there's one CD on offer right now paying a much higher rate. Here's what you'd need to do to get that rate.
May 3, 2024 | By Lyle Daly

Should You Move Your Emergency Fund Into a CD Before Rates Drop?

CD rates are high right now, but this won't last forever. Find out if you should lock in a high rate for your emergency fund by putting it into a CD.
May 2, 2024 | By Christy Bieber

CD Rates Are Near Record Highs. 3 Reasons You Still May Not Want to Buy One

You can open a CD paying well above 5.00% right now. Keep reading to learn why a CD might not be right for you.
May 2, 2024 | By Natasha Etzel

Here's Why I Wouldn't Keep My Emergency Fund in a CD

It pays to choose the right bank account for your savings. Discover why you may want to put your emergency fund in a high-yield savings account instead of a CD.
May 2, 2024 | By Ashley Maready

5 Factors to Weigh When Choosing Your First CD

CDs are red hot right now. Here's how to choose between multiple options from multiple banks.
May 2, 2024 | By Christy Bieber

2 Reasons Buying a CD May Make More Sense Than Paying Extra on Your Home Loan

If you're paying extra on your mortgage, or thinking about doing so, CDs might be worth considering instead. Read on to learn why.
May 2, 2024 | By Kailey Hagen

3 Checking Account Features That Are Overrated and 3 That Really Matter

Some checking account features are worth your time, and others are just gimmicks. Learn how to tell which is which.
May 2, 2024 | By Maurie Backman

The Fed's Latest Decision on Interest Rates Is Great News for Savers. Here's Why

The Fed just voted to keep interest rates steady. Read on to see why that might benefit you.
May 2, 2024 | By Steven Porrello

The Single Best Strategy for Maximizing CD Profits in May 2024

CDs continue to pay out at generous rates in May 2024. Find out how to make CDs work even harder for you this month.
May 1, 2024 | By Christy Bieber

A CD Ladder Could Be a Perfect Investment for Retirees. Here's Why

A CD ladder is a great place to keep money you don't want in the market. Find out why it's ideal for retirees who need generous returns, but accessible cash.
May 1, 2024 | By Maurie Backman

Why You Should Lock in a CD ASAP After the Fed's Latest Decision

The Fed just made an announcement on interest rates. Read on to see why it should prompt you to open a CD.
May 1, 2024 | By Kailey Hagen

How Much Money Should You Keep in a Savings Account in Retirement?

This important decision affects how long your money will last. Here's how to decide how much you should keep in savings in retirement.
May 1, 2024 | By Matt Frankel, CFP®

I Bond Interest Rates Just Fell. Are They Still a Smart Place to Put Your Money to Work?

The yield from inflation-protected savings bonds just got lower. But keep reading to learn the rest of the story.
May 1, 2024 | By Chris Neiger

Young Investor? Avoid These Mistakes When Starting Your First CDs

CDs can be a great place to put your money, but there are a few drawbacks. Read on to find out a few common pitfalls investors should look out for.
May 1, 2024 | By Christy Bieber

Getting Started With CD Investing? This Is the Best Strategy to Try

If you want to take advantage of today's high CD rates, building a CD ladder could be the way to go. Learn why this strategy makes sense for beginners.
April 30, 2024 | By Kailey Hagen

3 Little-Known CD Perks to Watch For

CDs are a great way to grow your wealth, but it can be tough to know which to choose. Here are three CD perks that could make a difference for you.
April 30, 2024 | By Christy Bieber

You Could Earn Double the Best CD Rates With Low-Risk Investments. Here's Why You Want to Buy a CD Anyway

CDs are paying 5.00% right now, but you could earn 10% via another investment. Find out why you may still want a CD anyway.
April 30, 2024 | By Christy Bieber

You Could Earn a Guaranteed Rate Above 5% If You Invest in a CD. Here's Why It's Not a Good Idea for Everyone

CDs can be a great investment only in some circumstances. Read on to learn when to avoid CDs.
April 30, 2024 | By Lyle Daly

The Unexpected Downsides of Keeping Too Much in a Savings Account, Even With Rates Above 5%

It's possible to overfund your savings account, and it causes more issues than you may realize. Check out the unexpected downsides of doing this.
April 29, 2024 | By Maurie Backman

3 Reasons I Have a Larger Emergency Fund Than I Probably Need

This writer doesn't skimp on emergency savings. Read on to see why.
April 29, 2024 | By Cole Tretheway

3 of the Best Checking Accounts for High Schoolers Under 18

Checking accounts replace cash in wallets. Here's where to find the best checking accounts for high school teens.