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Banking Articles | Page 18

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 woman sitting at a table in a cafe window and typing on a laptop.
May 31, 2024 | By Emma Newbery

CDs Are Great. But Here Are 3 Better Ways to Build Wealth

Americans have flocked to CDs, attracted by the high APYs. If you want to get rich, find out why investing in stocks or real estate could make more sense.
A calculator, pad, and pen against a yellow background
May 30, 2024 | By Matt Frankel, CFP®

This Is How Much Money You Can Make With $5K in a CD

CD rates are at their highest level in years, and you might be surprised at how much you could earn in one. Keep reading to find out more.
A person looking at paperwork and a laptop while standing at the kitchen counter.
May 30, 2024 | By Matt Frankel, CFP®

How to Maximize Your Passive Income From CDs

There's one CD strategy that can help you maximize your income. See why income investors should use it.
A pot of change with a plant growing out of it
May 28, 2024 | By Ashley Maready

3 Reasons to Open a CD in June

CDs are a great way to keep cash safe and growing. See why you might want to jump on one this month.
A pot of change with a plant growing out of it
May 28, 2024 | By Lyle Daly

Forget CDs: Here Are 4 Better Investments for Your Retirement Savings

CDs are a popular way to save, but they're not the best choice for your retirement savings. See which investments typically offer much higher returns.
A red piggy bank against a yellow background
May 28, 2024 | By Ashley Maready

3 Reasons to Open a High-Yield Savings Account in June

Is the bulk of your savings in a savings account at a big bank? Your cash deserves better. Learn why now is a great time to open a high-yield savings account.
A stack of coins against a yellow background
May 28, 2024 | By Ashley Maready

Here's Why I'm Keeping a Savings Account That Only Earns a 0.01% APY

Savings accounts at big banks are pretty worthless for APY -- but they have other benefits. Learn why one financially savvy writer is hanging onto hers.
A young adult sits cross-legged while typing on a laptop in their bedroom.
May 28, 2024 | By Lyle Daly

Why the Highest-Paying CDs Aren't Always a Good Deal -- Even With Rates of Up to 9.5%

Some banks and credit unions are offering extremely high rates on CDs. Find out why you may want to think twice before opening one.
A glass jar tipped over with coins falling out
May 28, 2024 | By Ashley Maready

Procrastinating on Opening a HYSA? You Might Regret That

Rates on savings accounts are already falling. Read on to learn why now is the time to open a high-yield savings account if you haven't yet.
A smiling young adult sitting in an armchair in a sunny room while looking at a phone.
May 28, 2024 | By Ashley Maready

Here's Why You Might Not Want to Wait to Open Your First CD

There's never been a better time to get started, if you're CD-curious. Keep reading to see why you shouldn't delay.
A class pot filled with coins and a sprout growing
May 27, 2024 | By Ashley Maready

3 Good Places for Your Emergency Savings -- and 1 Terrible One

Having money put aside for unplanned expenses can help you sleep better at night. Read on for our picks for the best places to keep the cash.
A pile of currency bills
May 26, 2024 | By Kailey Hagen

This CD Could Turn $1,000 Into $114,000. Here's Why I'd Still Stay Away

This CD promises huge returns, but it comes at a pretty significant price. Here's why I'm not opening one.
Grey-haired woman holding glasses rests hand on chin and looks thoughtful.
May 25, 2024 | By Chris Neiger

CD vs. High-Yield Savings Account: What's the Better Place for Your Savings Right Now?

Both can be good options for your money. Read on to find out why savings accounts may have the advantage.
A woman looking at her finances with a laptop and phone.
May 24, 2024 | By Cole Tretheway

Here Are the Pros and Cons of Owning 2 Bank Accounts

Owning two savings or checking accounts could be worth the hassle. Find out the perks and drawbacks of multiple bank accounts.
A red piggy bank against a yellow background
May 24, 2024 | By Kailey Hagen

Is $10,000 Too Much to Keep in a Savings Account?

A high-yield savings account can be a great home for your money, but not always. Here's how to decide if you should keep your $10,000 in one.
Woman putting money in piggy bank
May 24, 2024 | By Chris Neiger

This Is What Happens When You Leave a Lot of Money in Your Savings Account

You could be missing out on easy money if you're using the wrong bank account. Read on to find out how your cash can grow in a high-yield savings account.
A woman wearing an apron and carrying watering cans into her small business filled with shelves of plants.
May 23, 2024 | By Dana George

Don't Make These 4 Mistakes in Business Banking as a Freelancer

If you're a freelancer, you're a small business owner. Take a look as we outline four avoidable banking errors freelancers sometimes make.
Woman looking at laptop with skeptical expression.
May 23, 2024 | By Dana George

CDs vs. Bonds: What's the Better Investment Now?

CDs and bonds are both popular investment options. Here's how you can tell which is best for you in the current economic climate.
A business professional uses a laptop and wheelchair at a desk in an office.
May 23, 2024 | By Kailey Hagen

This Is the Worst Type of CD to Open Right Now

CD interest rates are high right now, but that doesn't make them the right investment for you. See one type you should definitely steer clear of.
Woman using her laptop on her living room floor
May 23, 2024 | By Steven Porrello

4 Great CDs to Check Out in May

CD rates are still far above what they were last year. Find out which five CDs have the highest APYs in May 2024.
Woman using laptop and smartphone at home
May 23, 2024 | By Brittney Myers

How to Use CDs to Make Passive Income

Passive income is an ideal way to build wealth, and CDs are about as passive an income source as they come. Learn how to get started here.
A pile of money with a seedling growing out of it
May 22, 2024 | By Chris Neiger

This Is How Much Money You Can Make With $10K in a CD

You can passively earn money with a CD. Read on to find out how much $10,000 could become.
Senior couple sitting on couch together going over information on a laptop and other documents.
May 22, 2024 | By Matt Frankel, CFP®

3 Good Reasons for Seniors to Open CDs

Certificates of deposit can be a great way for retirees to create income and maintain flexibility. Read on for reasons why.
A woman reading papers at an office desk.
May 22, 2024 | By Steven Porrello

Should Freelancers Get a Business Checking Account?

A business checking account could help you organize your finances, but it comes with some costs, too. Learn whether you should open one of these accounts.
A person holding a bunch of dollar bills in front of their face
May 21, 2024 | By Chris Neiger

This Is How Much Money You Can Make With $10K in a High-Yield Savings Account

These accounts can make you easy money. Read on to find out a few more reasons why they're a great place to keep your cash.