Banking

Building your savings is the first step toward building your wealth. This section covers information about deposit accounts such as savings, money market, checking and certificate of deposit. These accounts are the foundation of a strong financial plan and our articles will help you get the most of your savings. Additionally, check out related articles in these sections: investing, financial planning, and real estate and homeownership.

Savings is a subsection of asset management.

The Amazing Power of Compound Interest

The Amazing Power of Compound Interest

One of the most constructive, and destructive, forces in finances is the power of compound interest. Compound interest is interest that is not only paid on the principal, but also on the interest that previously accrued […]

How to Save Money and Build Your Savings

How to Save Money and Build Your Savings

With so many people struggling to save money, I thought it was a good idea to ask a few personal finance bloggers to get their thoughts on how someone could get started on their journey to […]

What Happens When a Bank Fails?

What Happens When a Bank Fails?

On September 28th, 2007, my bank went bankrupt and closed its doors…goodbye, Netbank. The moment you first find out that your bank failed is a scary moment. First thought: “I know I should have figured out […]

How to Choose the Best High Yield Savings Account

How to Choose the Best High Yield Savings Account

While traditional brick and mortar banks can be very convenient, they can rarely compete with the higher interest rates offered by their online counterparts. Personally, I think these online high yield accounts are the best place […]

How to Write a Check and Balance Your Checkbook

How to Write a Check and Balance Your Checkbook

When someone is first enter the world of finances, they will need to learn some new basic finance skills.  Unfortunately, many teenagers and young adults get to college without having a clue about some basic personal […]

3 Types of Bank Account and How to Use Them

3 Types of Bank Account and How to Use Them

Whether you invest in the stock market or not, bank accounts are a vital investment and savings vehicle. No matter how much or little money you have, everyone needs to set aside money that is guaranteed to be there when you need it. …

Saving in Your 20s to Have More Security for Your 30s and 40s

Saving in Your 20s to Have More Security for Your 30s and 40s

In your 20’s and don’t think that you need to worry about your security later on down the line? There’s no need to worry about making yourself secure for once you reach your 30’s and 40’s, […]

Easy Ways to Save Money Without Much Effort

Easy Ways to Save Money Without Much Effort

Saving more money is a goal most of us share, but many Americans find that they have very little saved at the end of the month. The recent recession saw Americans saving more than we have […]

The Difference Between Money Market and Online Savings Accounts

The Difference Between Money Market and Online Savings Accounts

I was checking out Discover Bank, who is currently offering one of the highest interest rates in my bank rates table. I noticed that Discover Bank offers both an Online Savings and a Money Market options. […]

Choosing the Best Online Bank for Savings and Checking

Choosing the Best Online Bank for Savings and Checking

Which online bank is best? This is not an easy question to answer since we all have different criteria when it comes to banking. A good place to start is how much interest the bank is […]

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