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Banking Articles | Page 11

From get out of debt strategies to advice on improving your savings returns, we've got recommendations to help you make smarter banking decisions.

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Recent Articles

A man sitting on stairs in a park and holding a cell phone in his hand.
Oct. 20, 2024 | By Dana George

When Will Dropping Interest Rates Finally Make My Life Easier?

Rate drops take time to trickle down to consumers. Keep reading to learn how long you can expect to wait for lower rates.
A man typing on his laptop while sitting outside in front of a brick building.
Oct. 20, 2024 | By Kailey Hagen

How to Make the Most Out of Current CD Interest Rates

CD rates have already fallen, but they're still pretty high. Here's how to make the most of them before they drop again.
A pot of change with a plant growing out of it
Oct. 18, 2024 | By Dana George

Prediction: 5-Year CD Rates Will Drop Below 3.25% in 2024

Consumer interest rates are coming down, but so are CD rates. Here's how much one writer predicts 5-year CD rates will drop in 2024.
Woman taking notes while using a laptop
Oct. 18, 2024 | By Matt Frankel, CFP®

Here's How the Fed's Rate Cut Has Impacted CD Ladders

CD rates aren't directly tied to the Fed's actions, but they tend to move in the same direction. Learn what it means for you.
A red piggy bank against a yellow background
Oct. 18, 2024 | By Steven Porrello

Savings Rates Are Falling: Here's Why You Should Still Open a High-Yield Savings Account

Banks are gearing up for a huge interest rate drop on savings accounts. Learn why it's still important to open one.
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Oct. 18, 2024 | By Matt Frankel, CFP®

How Much Money Do You Need in Savings at Age 40?

Most experts suggest having six months' worth of expenses in savings. But there's more to the story. Keep reading to learn more.
Man reading newspaper and looking at a tablet
Oct. 17, 2024 | By Ashley Maready

All CD Investors Should Do This on Nov. 6

The Federal Reserve's next meeting is in a few weeks. Read on to learn why it's important for CD investors to pay attention to what the Fed does.
A pile of money with a seedling growing out of it
Oct. 16, 2024 | By Kailey Hagen

Another Fed Rate Cut Could Happen on Nov. 7. Lock in These 7 CD Rates While There's Still Time

CD rates have already come down quite a bit with more drops on the way. Here are some of the best offers for you to lock in now.
Woman using laptop and smartphone at home
Oct. 15, 2024 | By Kailey Hagen

Why I Won't Move My Money Out of My High-Yield Savings Account, No Matter How Far Rates Drop

Savings account interest rates will continue to fall, but these accounts have their upsides too. Here's why I'm holding onto mine.
A pot of change with a plant growing out of it
Oct. 15, 2024 | By Chris Neiger

2 Questions You Should Ask When Deciding Between a Savings Account or CD

Where you put your money should depend on your goals. Read on to find out how to decide which account type is right for you.
A calculator, pad, and pen against a yellow background
Oct. 14, 2024 | By Emma Newbery

​​Here's How Much Interest You Can Earn on $8,000 in Savings

High-yield savings accounts will pay eight or nine times more in interest than the national average. Find out what that means for your money.
A pile of money with a seedling growing out of it
Oct. 14, 2024 | By Kailey Hagen

Prediction: Savings Account and CD Rates Will Fall Again Next Month

The Federal Reserve's rate-cutting cycle is just getting started. Find out when you can expect the next cut.
Woman making calculations as she uses her laptop.
Oct. 14, 2024 | By Natasha Etzel

My Savings Account's Rate Just Dropped. Here's Why I'm Not Worried About It

Do you have a high-yield savings account and are worried about potential interest rate reductions? Find out why one writer isn't too concerned.
A pile of money with a seedling growing out of it
Oct. 13, 2024 | By Kailey Hagen

Prediction: There's Only a Few Weeks Left to Lock in a 4.00% APY CD

CD rates have already come down quite a bit and more drops are coming. Here's what you need to know about the next move lower.
A red piggy bank against a yellow background
Oct. 13, 2024 | By Ashley Maready

Forget CDs. Even With Falling Rates, a Savings Account Is a Better Choice

CDs have undeniable perks -- but for most savers, a high-yield savings account is the preferable option. Here's why.
A couple fills out financial paperwork as they smile while leaning against a kitchen island.
Oct. 13, 2024 | By Lyle Daly

Prediction: Here's What the Highest CD Rates Will Be in 2025

The Federal Reserve recently cut interest rates, and it's probably not done. Find out what this could mean for CD rates in 2025.
Woman using cell phone with concerned look on her face.
Oct. 12, 2024 | By Ashley Maready

Is Your Savings Account APY Falling? Here's Why You Shouldn't Panic

A Federal Reserve rate cut means lower rates on bank accounts. Keep reading to learn why this isn't worth worrying about too much.
Woman smiling as she uses her laptop.
Oct. 12, 2024 | By Dana George

Why a CD May Be Your Best Friend as Interest Rates Drop

Like a friend, you know what to expect with a CD. Keep reading to learn more about how a CD can make your life more comfortable.
A pot of change with a plant growing out of it
Oct. 11, 2024 | By Dana George

Why Everyone Should Think About Buying CDs Now

Now may not be the right time for everyone to invest, but a CD remains an excellent choice for some. Find out why.
Man with glasses using laptop looks away appearing to be in thought.
Oct. 11, 2024 | By Danielle Antosz

Interest Rates Are Dropping -- Should You Move Money Out of Your HYSA?

The Fed's rate drop impacts HYSA interest APYs. Here's how to know if it's time to switch accounts or stay put, as well as alternatives for higher returns.
Woman uncomfortable by what she's reading on her phone.
Oct. 11, 2024 | By Dana George

A Fed Rate Cut Is Finally Here. 4 Things You Should Do Right Now

Dropping interest rates may be good news, but they signal us to take specific financial steps. Read on for four of them.
A woman sitting in a sunny window seat and checking her tablet.
Oct. 10, 2024 | By Matt Frankel, CFP®

The Fed Just Cut Rates -- but This High-Yield Savings Account Is Still a Great Deal

The Discover® Online Savings account is a solid high-yield savings product you should put on your radar. Find out why.
A pile of money with a seedling growing out of it
Oct. 8, 2024 | By Danielle Antosz

This Is How Much Money You Can Make With $15,000 in a CD Ladder

You could earn $1,031.38 in a $15,000 CD ladder over three years. Learn what to look for when comparing CD rates.
A pile of bills
Oct. 7, 2024 | By Lyle Daly

Worried About Plummeting Interest Rates? Here's How to Keep Earning Big With Your Savings

Many of the top savings accounts have reduced their interest rates. Learn about an overlooked method to keep getting the most out of your savings.
A person sitting at an office desk and looking at a cell phone with a contemplative expression.
Oct. 7, 2024 | By Steven Porrello

Are 5-Year CDs Still Worth Buying With Rates Down to 3.40%?

CD rates are dropping like flies. Learn when it's worth getting a long-term CD and when you're better off with other investments.