Banking Articles

A red piggy bank against a yellow background

Oct. 1, 2024 | By Kailey Hagen

The Fed Just Issued a 0.50% Rate Cut. Here's What That Means for Your Savings Account

The Fed rate cut will have ripple effects across a variety of financial products. Learn how it'll impact your savings account.

A smiling man drinking juice and looking at his phone while sitting at the breakfast table in front of a bowl of cereal.

Sept. 30, 2024 | By Kailey Hagen

The Fed Rate Cut Will Hurt Your Savings Account Rates, but It Comes With a Huge Upside

Savings account rates will fall further, but there are benefits on the way too. Here's what you need to know about the changes coming to your bank.

A person standing at a picnic table in a park and putting a coin in a piggy bank.

Sept. 30, 2024 | By Emma Newbery

3 Things Not to Do When Your Savings Reaches $50,000

If you keep too much in savings, you could be missing out on tax breaks and investment opportunities. Discover how to avoid losing money through over-saving.

A pot of change with a plant growing out of it

Sept. 30, 2024 | By Matt Frankel, CFP®

Missed Out on 5% CD Rates? Here's Why It Doesn't Matter

CD rates may have peaked, but if you're looking to lock in a high interest rate, it isn't too late. Find out more here.

Sept. 29, 2024 | By Emma Newbery

Massive Rate Cut Could Mean $40 Less in Savings Interest Next Year. Does It Matter?

Savers won't be able to ride the high-interest wave forever. Find out what falling rates mean for your savings and how you can still maximize your earnings.

Sept. 29, 2024 | By Kailey Hagen

The Days of the 5.00% APY CD Are Over: 3 Places to Put Your Money Now

Banks have already slashed CD rates, and further cuts are coming. Read on for a few better account options.

Sept. 28, 2024 | By Kailey Hagen

Even With Interest Rates Dropping, High-Yield Savings Accounts Still Hold This Major Edge Over the Top CDs

Savings account rates are already dropping with more Fed cuts expected. But here's why it's worth leaving your money alone anyway.

A pile of money with a seedling growing out of it

Sept. 28, 2024 | By Steven Porrello

Forget the Fed: These 5 CDs Still Look Great After Recent Rate Cuts

CD rates are dropping like flies, but some are still hanging in there. Here are five CDs with high APYs.

Sept. 28, 2024 | By Natasha Etzel

4 Money-Savings Moves I Wish I Had Made in My 20s

Are you looking for tips to save more money? Making small changes can help. Here are some savings strategies I wish I made earlier.

A bank manager helps a woman open up a new account.

Sept. 27, 2024 | By Ashley Maready

4 Signs It's Time to Switch Your Bank

Sometimes, you just have to say goodbye -- to your bank. Here are a few ways to tell you need a new financial institution.

Mature man at desk looking off in thought.

Sept. 27, 2024 | By Matt Frankel, CFP®

Should You Open a CD Before the Fed Cuts Rates Again?

The Fed is widely expected to keep cutting rates. Find out how it could impact CDs.

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Sept. 27, 2024 | By Ashley Maready

3 Reasons It's Never a Bad Time to Open a CD

CD rates will likely become less attractive soon -- but that doesn't mean they aren't worth considering. Learn how CDs can be great savings tools here.

A smiling young adult sitting in an armchair in a sunny room while looking at a phone.

Sept. 27, 2024 | By Jamie Matthews

My Savings Account Rate Fell After the Fed Rate Cut. Here's What That Means for My Savings Plans

My savings account APY took a dip less than 24 hours after the Fed interest rate cut last week. Find out why that doesn't change my overall savings goals.

Sept. 26, 2024 | By Ashley Maready

2 Reasons Not to Open a High-Yield Savings Account -- and Why They're Wrong

Putting your cash into a high-yield savings account is an easy way to earn passive income. Read on for some HYSA myth-busting.

A glass jar tipped over with coins falling out

Sept. 24, 2024 | By Kristi Waterworth

Waited Too Long to Get the Best CD Rates? Here's Another Route to Great Passive Income Returns

You don't need CDs to have great passive income potential. Check out this other option.

A group of friends sitting in the sun on the deck of a lakefront cabin.

Sept. 24, 2024 | By Ashley Maready

2 Ways Millennials Are Winning at Saving Money

We killed department stores, the diamond industry, and chain restaurants. But read on to learn about millennials' amazing savings habits.

A young adult uses their phone while leaning against a brick wall in a city.

Sept. 24, 2024 | By Matt Frankel, CFP®

The Fed Cut Rates but Is Just Getting Started -- Here's What CD and Savings Account Interest Rates Could Do in 2025

The Federal Reserve typically cuts or raises rates in a cycle, not all at once. See why this is important for your finances.

Sept. 23, 2024 | By Steven Porrello

Here's What Happens When You Cash Out Your CD Early

Cashing in a CD early will result in a penalty. But it could make financial sense to do it. Learn what to expect when you cash out your CD early.

A couple talking to a bank officer at a desk.

Sept. 23, 2024 | By Kailey Hagen

All the Safest Banks Have This Key Feature. Does Yours?

Hackers aren't the only danger to your bank account funds. Here's a key protection you need to make sure your money stays safe.

Sept. 23, 2024 | By Steven Porrello

Is $5,000 Too Much to Keep in Your Checking Account?

Checking accounts are best for transactions, not savings. Find out if keeping $5,000 in your checking account is stopping you from becoming wealthier.

A young businessperson does paperwork in coffee shop and checks their phone.

Sept. 23, 2024 | By Chris Neiger

Locking In a 5% CD Rate Now? Here's Why You Might Regret It Later

High-yield CDs are great, but they're not always your best option. Read on to discover a few times it pays to skip them.

A stack of coins against a yellow background

Sept. 23, 2024 | By Emma Newbery

Are CDs Still a Good Investment After the Fed Rate Cuts?

CD rates have fallen slightly, but they're still a good choice in certain scenarios. Find out whether CDs are the best choice for your money.

A young man sits at his desk and looks over his investment accounts.