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Banking Articles | Page 3

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 young man sits at his desk and looks over his investment accounts.
Feb. 16, 2025 | By James McClenathen

3 Good Reasons Not to Keep Money in a Savings Account

Everyone should have a savings account, but there are cases where you're better off putting your money somewhere else. Find out when this rule might apply.
A red piggy bank against a yellow background
Feb. 15, 2025 | By James McClenathen

This Banking Mistake Could Cost You Hundreds of Dollars a Year

Settling for a low savings account APY is one of the biggest financial mistakes you can make. Fortunately, it's easy to switch. Here's where to start.
A woman looking at her finances with a laptop and phone.
Feb. 15, 2025 | By Jake FitzGerald

It's Time to Ditch Your Old Bank Account -- These Online Banks Offer High Rates and No Fees

Too many Americans use the "set it and forget it" approach to their bank accounts. Find out how that could be costing you thousands of dollars.
Mature woman working from laptop with documents in hand.
Feb. 15, 2025 | By Jake FitzGerald

4 Reasons the Roth IRA Might Be the Best Retirement Account Ever Created

Choosing the wrong account for your retirement savings can really cost you. Find out why a Roth IRA might be your best option.
Couple talking with financial advisor and looking at paperwork.
Feb. 14, 2025 | By James McClenathen

Here's How Much Money You Should Have in Savings by 50. How Do You Compare?

Some experts recommend saving six times your salary by age 50, but the real answer is more complicated. Here's how to find your retirement number.
A calculator, pad, and pen against a yellow background
Feb. 14, 2025 | By Jake FitzGerald

I'm 40 Years Old With $100,000 in My 401(k). Am I on Track to Retire?

Everyone's journey to retirement looks a little different. Find out if you have enough money in the bank now.
A young adult calculates their personal finances at the kitchen table using a tablet.
Feb. 14, 2025 | By James McClenathen

Here's How to Earn $10,000 With CDs

It's possible to earn $10,000 or more from the best CDs on the market. However, it will take a lot of money or a very long time. Find out how it can be done.
A man reading paperwork at his desk.
Feb. 11, 2025 | By James McClenathen

Should You Buy CDs Before Interest Rates Drop Again?

Federal Reserve rate cuts likely won't make a huge difference for CD investors, and you may have better options. Find out why.
Young man pausing from using his laptop to look at a calendar.
Feb. 11, 2025 | By Jake FitzGerald

How High Could CD Rates Go in 2025?

Is now the time to lock in CD rates before they fall? Find out what might happen as the year progresses.
A smiling person lying on a bed while searching on a laptop.
Feb. 10, 2025 | By James McClenathen

This Bank Offers a 10% APY Savings Account. Is It Legit?

Some banks offer very high APYs -- but only on a portion of your savings. See why those eye-popping interest rates may not be worth your time.
Grey-haired woman holding glasses rests hand on chin and looks thoughtful.
Feb. 9, 2025 | By James McClenathen

Here's What Happens When You Leave a Lot of Money in Your Savings Account

A savings account is a great place to store money -- to a point. See how keeping too much money in savings could cost you thousands of dollars in the long run.
young man sitting at kitchen table writing a check
Feb. 9, 2025 | By Jake FitzGerald

Here's Why Your Checking Account Should Have as Little Money as Possible

Checking accounts earn very little interest. Find out where to put your cash so it can earn more money for you.
Older woman getting assistance from a bank teller.
Feb. 9, 2025 | By James McClenathen

Here's What Happens if You Deposit More Than $10,000 in Cash Into Your Bank Account

Cash deposits of over $10,000 must be reported to the federal government. You shouldn't have any problems, though -- just follow these rules.
A happy couple with a calculator and bills.
Feb. 8, 2025 | By James McClenathen

Here's How Much $10,000 Would Earn in a 6-Month CD Right Now

Putting $10,000 in a 6-month CD could earn you $200 or more at today's rates. However, there may be better places to put your money. Read on to find out where.
A bank teller smiles to a customer from behind her desk.
Feb. 8, 2025 | By Jake FitzGerald

Banks Won't Tell You This: Why You Shouldn't Keep an Extra $10K in Your Checking Account

Having more cash than you need in a checking account might make you feel financially secure. But find out how you could be missing out on thousands of dollars.
Man sits at laptop and appears to be in thought.
Feb. 8, 2025 | By James McClenathen

3 Reasons Not to Open a CD Right Now -- Even With Rates Over 4%

CDs offer respectable APYs right now, but there are probably better places for your money. Here are three reasons to ignore CDs.
Man reading newspaper and looking at a tablet
Feb. 7, 2025 | By Jake FitzGerald

Could Tariffs Push Interest Rates Higher? Here's What It Means for Your Wallet

Tariffs don't directly cause interest rates to rise, but they might be part of the recipe. Learn if rates will go up, and what you can do to protect yourself.
Bank teller assisting a customer with cash transaction.
Feb. 7, 2025 | By Jake FitzGerald

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

A $10,000 bank transaction triggers the government to automatically look into it. Learn what actually happens.
A woman looking at her finances with a laptop and phone.
Feb. 7, 2025 | By James McClenathen

This Bank Account Pays a 4.75% APY. Should You Open One Now?

Quontic's money market account pays a top-notch APY, which almost no savings account can match. Learn what else makes this MMA a great place for your savings.
A woman sitting in a sunny window seat and checking her tablet.
Feb. 4, 2025 | By Taylor Giovan

Why I Switched My High-Yield Savings Account -- and How You Can Earn More, Too

There's a really good chance you're not earning as much interest on your savings as you could be. Find out how to earn more on your cash.
Man sits at counter with phone on laptop utilizing online banking.
Feb. 4, 2025 | By Jake FitzGerald

How Much Money Should You Keep in Your Checking Account? The Answer Might Surprise You

Pretty much everyone has a checking account, but most people don't know how much money to keep in theirs. Find out the sweet spot.
Two men in thought looking at a laptop screen together.
Feb. 4, 2025 | By Jake FitzGerald

4 Signs You Should Skip CDs Despite the 4% Rates

CDs are a useful financial tool to lock in a set return -- but they're not for everyone. Learn if CDs are right for you and how to make the most of your money.
Woman making calculations as she uses her laptop.
Feb. 3, 2025 | By James McClenathen

Here's the Single Best Strategy for Investing in CDs

CD laddering can boost your savings with better interest rates and regular access to cash. Learn how it works to start your own CD ladder today.
A woman sitting at her kitchen table and typing on a laptop next to paperwork.
Feb. 3, 2025 | By Jake FitzGerald

The Bank Account Hack That Could Save You Hundreds Every Year

You could be losing hundreds of dollars a year just due to the savings account you're using. Learn the one move you can make to start earning more every year.
Mature couple smiling with cellphone in hand while sitting outdoors among background of mountains
Feb. 2, 2025 | By James McClenathen

Here's the Average Wealthy American's Retirement Savings. How Do You Compare?

The top 10% of Americans by net worth have about $1.3 million saved for retirement. Learn how ordinary people can achieve that, too.