Banking Articles | Page 5
From get out of debt strategies to advice on improving your savings returns, we've got recommendations to help you make smarter banking decisions.
Recent Articles
Oct. 22, 2024 | By Matt Frankel, CFP®
Will Interest Rate Cuts Make CD Yields Plunge in 2025?
Falling interest rates could definitely make CD yields fall, but the impact might be less than you think. Read on to learn more.
Oct. 22, 2024 | By Matt Frankel, CFP®
3 Reasons to Finally Ditch Your Bank and Open an Online Checking Account Right Now
You might be surprised at what an online checking account could do for you. Read on for three of the top reasons to make a switch.
Oct. 22, 2024 | By Jordi Lippe-McGraw
How Much Money Do You Need in Savings at Age 60?
Learn how much you need in savings by age 60 and how to grow your funds faster. Start planning for your future today.
Oct. 22, 2024 | By Matt Frankel, CFP®
Prediction: Here's What 1-Year CD Yields Will Be at the End of 2025
There's no way to know for sure where CD yields will be in a year. Read on for my prediction based on what we know now.
Oct. 22, 2024 | By Jordi Lippe-McGraw
How Much Money Do You Need in Savings at Age 50?
Find out how much you should have saved by age 50 to handle life's surprises. Read on for tips to boost your savings now.
Oct. 21, 2024 | By Lyle Daly
3 Reasons to Buy T-Bills Yourself and Not Through Your Bank
There are plenty of places where you can buy Treasury bills. Find out why you may want to do it yourself through Treasury Direct instead of through a bank.
Oct. 21, 2024 | By Emma Newbery
3 Alternatives I Like Better Than CDs Right Now
Falling savings rates could be a blessing in disguise. Find out how investments can outperform CDs and help you build wealth over time.
Oct. 21, 2024 | By Ashley Maready
Why I'm Not Opening Any CDs in 2024 -- Even Though Rates Are Still Near 5%
CDs can be great for some people -- but they're not a fit for me. Read on to see why I'm giving them a pass despite great rates.
Oct. 21, 2024 | By Matt Frankel, CFP®
Have You Considered a Money Market Account? Here's Why You Should
Money market accounts aren't as well known as checking or savings accounts. But here's why you should take a closer look.
Oct. 21, 2024 | By Matt Frankel, CFP®
Here's Why It's Still a Great Time to Open a High-Yield Savings Account
Many savers fear a return to the ultra-low savings account yields of 2021, but that isn't likely to happen. Find out more here.
Oct. 20, 2024 | By Danielle Antosz
The Most Important Thing to Know About CD Interest Rates Right Now
Should you invest in CDs? CD rates currently outpace inflation, offering a safe, steady return. Here's why you should consider building a diverse portfolio.
Oct. 20, 2024 | By Chris Neiger
Don't Make These 3 Mistakes With Your High-Yield Savings Account
It's hard to go wrong with high-yield savings accounts, but there are a few things you should know. Read on to find out which moves to avoid.
Oct. 20, 2024 | By Matt Frankel, CFP®
The Fed Just Cut Rates -- but You Might Be Surprised by How Much CDs Are Still Paying
The Federal Reserve made a rather aggressive interest rate cut in September. But it hasn't impacted CDs as much as you might think. Learn more here.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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