Steven Porrello

Expert Contribution: Writer

FINANCIAL INDUSTRY WRITER SINCE 2017

NUMBER OF PUBLICATIONS: 302 | LAST PUBLISH DATE: 12-09-2024

Steven Porrello is a personal finance writer. After discovering a knack for simplifying financial concepts, he now strives to help readers hit their money goals and become more financially independent. In addition to economics, his interests include literature, art, philosophy, anthropology, and religion. He lives in Portland, Oregon with his wife, daughter, and two cats. 

Financial Areas of Expertise

Credit Cards, Banks, Mortgages, Insurances, Investing, Personal Finance

Featured in Renowned Media Publications

• Motley Fool syndication partners
• Motley Fool Canada
• Nerdwallet
• MarketWatch
• Nasdaq
• Yahoo Finance 

Education

• B.A. in English and Religion, Lagrange College

Steven's Recent Articles

• Here's Why You Should Open a 12-Month CD -- Even When Rates Are Falling
  Jul 28, 2024
  CD rates are starting to decline. Here's why delaying a new 12-month CD could cost you in lost interest.
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• 3 Reasons Not to Renew Your CD in 2024, Even With Rates at 5.20%
  Jul 28, 2024
  Certificates of deposit (CDs) can pay a lot of interest, but they're not for everyone. Learn why you shouldn't renew your CD in 2024.
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• Americans With a Perfect 850 Credit Score Have an Average $285K in Debt. Here's Why.
  Jul 27, 2024
  The average consumer with an 850 FICO® Score has a large amount of debt. Find out how that helps them achieve a perfect score and …
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• Here's Why You Should Always Call Your Credit Card Company Before Canceling Your Card
  Jul 26, 2024
  If you want to cancel your credit card, don't do it without talking to a customer service representative first. Find out why.
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• Don't Have a Credit Card? You May Be Missing Out on Big Benefits
  Jul 26, 2024
  Using a credit card can help you save money, build credit, and protect your finances. If you don't have a credit card, find out what …
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• Ranked: The Safest Banks in America
  Jul 25, 2024
  The safest banks in America have large assets and security measures to protect against cyberattacks. Find out which banks rank high for safety.
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• Act Fast to Get a $540 Bonus on This Free Checking Account
  Jul 24, 2024
  Laurel Road is offering up to $540 on a Loyalty Checking account, plus $10 monthly when you meet requirements. Find out how to earn this …
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• How Many Americans Have a Perfect 850 Credit Score? The Number Might Surprise You
  Jul 23, 2024
  A perfect FICO® Score is a rare feat. Find out how many Americans have made it to perfection -- and what it takes to reach …
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• My Credit Score Is Above 800. Here's Why Wells Fargo Denied My Credit Card Application
  Jul 22, 2024
  Having a 800-plus credit score guarantees your credit card applications will be approved, right? Wrong. Find out why.
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• 3 Surprising Reasons Barclays Bank Has the Best CDs Right Now
  Jul 22, 2024
  Barclays Online CDs have competitive rates, no minimums, and several terms to choose from. Find out if it's the right CD provider for your savings.
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• How the Amex Gold Card Could Save You $500 or More per Year
  Jul 16, 2024
  The American Express® Gold Card is one of American Express' best values. Find out how to save serious money with this card.
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• These Are the 3 Best Grocery Credit Cards to Have in Your Wallet
  Jul 15, 2024
  If you spend a lot of money on grocery shopping, these three credit cards could be your ticket to earning more cash back or rewards. …
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• 3 Effective Ways to Pay Off $6,500 in Credit Card Debt
  Jul 14, 2024
  No amount of credit card debt is easy to pay off, but $6,500 can feel like climbing a mountain. Learn three great ways to tackle …
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• 5 Outrageously Simple Ways to Make an Extra $650 Before the End of the Year
  Jul 12, 2024
  Want to boost your savings by $650? These five tips can put that much (and more) in your pocket before the end of the year.
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• If You Have One of These 4 Popular Savings Accounts, You Could Be Losing $400 This Year
  Jul 9, 2024
  Rate wise, savings accounts at big-name banks pale in comparison to top high-yield savings accounts. Find out which accounts could be causing you to miss …
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• 3 Reasons Not to Open a High-Yield Savings Account, Even With Rates at 5.36%
  Jul 7, 2024
  The best high-yield savings accounts have few fees and high rates, but they're not right for everyone. Learn why you shouldn't open one.
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• 3 Smart Tips for Maximizing Your CD Returns Before Rates Start to Drop
  Jul 5, 2024
  CDs continue to pay out at high rates in July 2024. Find out how to maximize your CD returns while rates are still up.
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• Is $25,000 Too Much to Keep in a Savings Account?
  Jul 3, 2024
  A savings account might be the best home for your $25,000, even if it means missing out on market gains. Learn when $25,000 is too …
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• Here's How Much Interest You Can Earn on $20,000 in Savings
  Jul 2, 2024
  You could earn between $500 and $4,700 in interest with $20,000 in savings. Learn more about today's best CDs and savings accounts.
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• This Bank Account Offers Up to a $300 Bonus and a Strong APY. Should You Sign Up?
  Jun 28, 2024
  Don't let this lucrative bank account offer expire. Learn why the SoFi Checking and Savings account is worth opening today.
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• 5 Smart Ways to Invest $1,000 Right Now
  Jun 28, 2024
  In this high-rate environment, you have plenty of great opportunities to invest $1,000. Read on to learn the top five ways.
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• Have a Chase Savings Account? You Might Be Missing Out on $400-Plus per Year
  Jun 26, 2024
  Rate-wise, Chase savings accounts pale in comparison to today's high APYs. Find out what you could be missing here.
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• CD Rate Hike Alert: 5 Top-Paying CDs for July
  Jun 24, 2024
  Just when you thought CD rates were dropping, some banks have hiked their rates. Check out five of the top-paying CDs for the upcoming month …
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• The 6% CD Is Finally Back. Here's How to Get This Market-Leading Rate
  Jun 24, 2024
  The best CD rate on the market today comes from Nuvision Credit Union. Find out how to snag this lucrative offer before it disappears.
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• Have an Online-Only Bank Account? This Hack Lets You Deposit Cash for Free
  Jun 21, 2024
  Depositing cash in your online-only bank account can be a hassle, not to mention costly. Learn how to start depositing cash for free today.
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