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Banking Articles | Page 7

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 sunny table and writing in a notebook.
Dec. 8, 2024 | By Ashley Maready

Make These 4 Moves With Your Savings Account Before 2025

Here comes another new year -- is your savings account ready? Read on for four key steps to take between now and the ball drop.
A red piggy bank against a yellow background
Dec. 7, 2024 | By Emma Newbery

What's the Highest APY I Can Earn on My Savings?

The best savings account will pay you a competitive APY without a bunch of strings attached. Find out how to put your savings to work.
A person holding a bunch of dollar bills in front of their face
Dec. 7, 2024 | By Robin Hartill, CFP

I Just Inherited Over $200K. Now What?

Inheriting $200,000 or any amount can be a game-changer, but it can also be overwhelming. Follow these steps if you're getting an inheritance.
A man wearing a medical mask and taking money out of an ATM on the street.
Dec. 7, 2024 | By Dana George

Why Are More Banks Closing Local Branches?

The number of local bank branches is quickly shrinking. Find out why it's happening.
A pile of bills
Dec. 7, 2024 | By Natasha Etzel

4 Ways to Save an Extra $1,000 in 2025

Setting aside $1,000 can make a difference in improving your financial health in 2025. Check out a few tips to help you reach your goal.
A red piggy bank against a yellow background
Dec. 6, 2024 | By Natasha Etzel

4 Savings Account Mistakes That Will Cost You

Do you have money stashed away in a savings account? Here are four savings account errors you should avoid.
A pile of money with a seedling growing out of it
Dec. 3, 2024 | By Kailey Hagen

How Does Your Savings Account Measure Up to the American Middle Class?

Having more money in savings can improve your financial security. Here's how your savings account balance stacks up to the typical American's.
A pile of currency bills
Dec. 3, 2024 | By Brittney Myers

Banks Are Closing Local Branches. Here’s What That Means for You

If it feels like you're seeing fewer local bank branches, you may be right. This is what's going on, and how it could impact you.
A glass jar full of bills and coins
Dec. 2, 2024 | By Lyle Daly

Should You Open a 1-Year CD in 2025?

You could lock in a fixed rate on your savings for all of 2025 with a 1-year CD. Find out if this is a good idea or if you should put your money elsewhere.
A red piggy bank against a yellow background
Dec. 2, 2024 | By Lyle Daly

The 5 Worst Mistakes You Can Make With High-Yield Savings Accounts

When used correctly, high-yield savings accounts help you maximize your savings. But watch out for these mistakes that could cost you time and money.
A pile of bills
Dec. 2, 2024 | By Matt Frankel, CFP®

I'm Retiring With $400,000. Am I in Good Shape?

Is $400,000 enough to retire comfortably? The short answer is that it depends. Find out more here.
A stack of coins against a yellow background
Dec. 1, 2024 | By Kailey Hagen

Here's the Average Savings Account Balance for Lower-Class Americans

Saving can be a struggle for lower-class Americans. Here's how much the average household in this group has in savings.
A pile of money with a seedling growing out of it
Dec. 1, 2024 | By Natasha Etzel

Here's How Much You Can Earn With $8,000 in an HYSA

Keeping your savings in a high-yield savings account is a smart money move. Here's how much money you can earn from interest with $8,000 in an HYSA.
A smiling person sitting at a table in a coffee shop and looking at a phone in their hand
Nov. 29, 2024 | By Ashley Maready

Here's Why I Keep a Savings Account That Only Pays 0.01% APY

High-yield savings accounts are all the rage, for good reason. But read on to see why even a low-APY savings account can improve your finances.
A pot of change with a plant growing out of it
Nov. 29, 2024 | By Robin Hartill, CFP

Have $5,000 in Your Checking Account? Here Are 3 Better Places to Keep Your Cash

Checking accounts offer convenience, but the interest rates are pitiful. If you've got extra money in your checking accounts, consider these three alternatives.
A red piggy bank against a yellow background
Nov. 27, 2024 | By Lyle Daly

5 Reasons to Open a High-Yield Savings Account in 2025

Don't have a high-yield savings account yet? Check out the most compelling reasons why you should change that in 2025.
Man sits at laptop and appears to be in thought.
Nov. 26, 2024 | By Lyle Daly

Should You Open a 5-Year CD in 2025?

With a 5-year CD, you could earn a fixed rate on your money until 2030. Explore the pros and cons to see if this is the right option for your savings.
Two men in thought looking at a laptop screen together.
Nov. 25, 2024 | By Kailey Hagen

Smart Investors Are Avoiding 12-Month CDs, Even With Rates at 5%. Here's Why

Short-term CDs have the highest rates right now, but they're probably not the wisest investment for you. Here's why and where to invest instead.
A glass jar full of bills and coins
Nov. 25, 2024 | By Lyle Daly

4 Reasons Why CDs Aren't a Good Investment for 2025

CDs are a safe investment option, but they have some big drawbacks. Learn why they aren't the best way to invest your money in 2025.
Two young adults wearing loungewear use their devices and a pad of paper to discuss finances.
Nov. 24, 2024 | By Kristi Waterworth

Here's What Will Happen if You Put $5,000 in a 6-Month CD Today

It's a surefire way to guarantee a steady interest return, even when interest rates are dropping across the board. Read on to learn more.
A person sitting at an office desk and looking at a cell phone with a contemplative expression.
Nov. 24, 2024 | By Matt Frankel, CFP®

CDs vs. I Bonds: What's the Better Place for Your Cash?

CDs have higher yields, for now. Which is the better choice for you? Find out more here.
A person sitting at a desk in front of an open laptop and glancing out the window to his left.
Nov. 23, 2024 | By Lyle Daly

Are CDs a Good Investment for 2025?

CDs are a safe investment that earn a fixed interest rate. See if they're worth getting in 2025 or if you should find another place for your money.
A pile of money with a seedling growing out of it
Nov. 23, 2024 | By Ashley Maready

Why I Said 'No' to CDs and 'Yes' to Better Investment Opportunities

I'm an investor getting a late start, and CDs just don't cut it for me. Keep reading to learn why I'm opting for stock market investing instead.
Well-dressed couple walking through greenery drinking champagne.
Nov. 22, 2024 | By Emma Newbery

3 Banking Habits of Millionaires

You don't need to win the lottery to become a millionaire. With time and careful spending, many of us can build wealth. Find out how with these banking practices.
A red piggy bank against a yellow background
Nov. 19, 2024 | By Matt Frankel, CFP®

How to Pick a Savings Account for Your Emergency Fund

It's important to have money saved for unforeseen expenses. But where should you put it? Learn the best places here.