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Banking Articles | Page 15

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

Two older adults discuss finances using a tablet on a couch.
July 11, 2024 | By Dana George

Have $700,000 to Spend in Retirement? Here's What You Can Budget per Year

While $700,000 in retirement may seem like a small fortune, it can only take you so far. Here's how much you can expect to spend each year.
A pile of currency bills
July 10, 2024 | By Ashley Maready

How Much Money Is Too Much for a Savings Account?

A savings account can do you a world of good -- but it's not the perfect spot for all your money. Learn when to consider other financial accounts, too.
A glass jar full of bills and coins
July 9, 2024 | By Kristi Waterworth

Stop Using Your Credit Card Like an Emergency Fund. Here's How

It's tempting to use credit cards as an emergency fund, but it's a dangerous cycle to enter. Here's how to get out.
Man reading newspaper and looking at a tablet
July 9, 2024 | By Matt Frankel, CFP®

How Much Will High-Yield Savings Accounts Pay in 2025 and Beyond?

It's hard to know for sure where savings account rates will go. Read on for indications from the latest projections.
A bank teller smiles to a customer from behind her desk.
July 9, 2024 | By Dana George

Here's What Happens if You Withdraw $10,000 From Your Bank Account

The Bank Secrecy Act is meant to stop money laundering and other criminal enterprises. Here's how it impacts your bank deposits and withdrawals.
A class pot filled with coins and a sprout growing
July 9, 2024 | By Steven Porrello

If You Have One of These 4 Popular Savings Accounts, You Could Be Losing $400 This Year

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 out.
A pile of money with a seedling growing out of it
July 9, 2024 | By Danielle Antosz

Here Are 2 Ways to Save $100,000 in 10 Years

Want to build a nest egg? Here are two simple ways to save $100,000 in 10 years by putting the power of long-term investing to work for you.
A happy man and woman look at a laptop screen.
July 8, 2024 | By Matt Frankel, CFP®

3 Great Reasons to Open a CD Today

Interest rates are still historically high, but that isn't the only reason you might want to open a CD right now. Read on to learn more.
Woman looking at laptop with skeptical expression.
July 8, 2024 | By Dana George

4 Signs CDs Aren't Right for You

CD rates remain highly competitive, but that doesn't mean they're right for you. Here's how you know if it's the right time to invest in a CD.
A glass jar full of bills and coins
July 8, 2024 | By Kailey Hagen

Is It Too Late to Take Advantage of High CD Rates?

CD rates are starting to fall, but there's still time to lock in a high APY. Here's what you need to know.
An older couple sit on their back porch, sip coffee, and enjoy the morning.
July 7, 2024 | By Dana George

Have $300,000 to Spend in Retirement? Here's What You Can Budget per Year

Retirement is a huge concern for many Americans. If you're saving for the day you can retire, here's how far $300,000 will take you.
Two men in thought looking at a laptop screen together.
July 7, 2024 | By Jordi Lippe-McGraw

5 Unexpected Advantages of Money Market Accounts Over CDs

Money market accounts have neat features that give them an edge over CDs. Keep reading to learn more about these bank accounts.
A woman looking at her finances with a laptop and phone.
July 7, 2024 | By Ashley Maready

3 Reasons I Switched to a High-Yield Savings Account

If you're fortunate enough to have cash in the bank, earn as much interest on it as you can. Read on to learn why a HYSA can be your money's best friend.
A red piggy bank against a yellow background
July 7, 2024 | By Steven Porrello

3 Reasons Not to Open a High-Yield Savings Account, Even With Rates at 5.36%

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.
A calculator, pad, and pen against a yellow background
July 6, 2024 | By Dana George

Have $500,000 to Spend in Retirement? Here's What You Can Budget per Year

Planning for retirement is a huge undertaking. If you've managed to put away $500,000, see how much you can expect to spend in retirement.
A person holding a bunch of dollar bills in front of their face
July 6, 2024 | By Kailey Hagen

5 Bank Account Bonuses You Can Get With $1,000 or Less in Deposits

Bank account bonuses that require thousands of dollars are out of reach for many. Here are five that are a lot easier for the average person to achieve.
A financial advisor meets with an older man at his home.
July 6, 2024 | By Chris Neiger

5 Ways Boomers Get Rich in Retirement

Retirees can continue to build wealth even post-work. Read on to discover a few ways to do it.
A hand holding a rolled up wad of bills
July 6, 2024 | By Kristi Waterworth

3 Reasons I Will Never Put Money Into a CD

CDs aren't for everyone -- and they're certainly not for me. Here are several reasons why they make no sense for someone like me.
A pile of bills
July 5, 2024 | By Dana George

Why I Would Never (Ever) Purchase a 100-Year CD

For some, the idea of a guaranteed rate for 100 years is attractive. Find out why one writer would never make the commitment.
A calculator against a green background
July 5, 2024 | By Steven Porrello

3 Smart Tips for Maximizing Your CD Returns Before Rates Start to Drop

CDs continue to pay out at high rates in July 2024. Find out how to maximize your CD returns while rates are still up.
Two men doing a fist bump.
July 5, 2024 | By Kailey Hagen

These 5 Banks Will Pay You $50 or More for Referring Your Friends

Bank account bonuses aren't just for new customers. Here's a way existing customers can earn $50 to $100 for referring their friends.
A glass jar tipped over with coins falling out
July 4, 2024 | By Kailey Hagen

Why I Wouldn't Open a 5-Year CD -- Even With Rates at 4%

Rates on 5-year CDs are pretty high right now, but they have some big drawbacks. Here's why I'm not interested in them.
A dollar bill against a pink background
July 4, 2024 | By Dana George

4 Signs You Shouldn't Open a CD, Even With Rates at 5%

Some CDs may offer high interest rates, but that doesn't mean they're right for everyone. Find out how to know if opening a CD is for you.
A worried person in an office leaning their chin on their hands.
July 4, 2024 | By Dana George

Can Making Small Deposits in Your Bank Account Really Get You in Trouble?

Under the Bank Secrecy Act, banks must report large and suspiciously small deposits. Here's how to know if the way you bank can get you in trouble.
A red piggy bank against a yellow background
July 3, 2024 | By Steven Porrello

Is $25,000 Too Much to Keep in a Savings Account?

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 much for a savings account.