One of personal finance best practices is to have 3 to 6 months of an emergency fund. Since the money has to be accessible and you can’t risk losing the money, the best place to keep your emergency fund is in a high yield savings account or a short-term CD. These are also the best … Read moreNegative Real Return: Your Savings Might Be Losing Money
Are you earning the most from your savings and money market deposit accounts? Savings and MM accounts are the foundation of a strong financial plan, providing you with financial stability as you work to achieve your goals. There are many banks and credit unions that offer savings and money market accounts. This article aims to … Read moreBest High Interest Savings Accounts for August 2019
If you keep a lot of money in your checking account, moving your money to a high-interest checking account may be a good move. Below is a list of highest yields checking accounts. Your principal is protected, and you’re guaranteed a positive return on investment. Before you sign up, review the requirements carefully because many … Read moreBest High Interest and Reward Checking Accounts for August 2019
There are three main types of deposit accounts you can use to save money for your financial goals. Depending on your needs, one or more of the accounts may be an ideal way for you to invest in the future whether you have specific financial goals or just want to build a suitable stash of … Read more3 Types of Deposit Accounts, Which One Should You Choose?
Investing in the stock market could be a bumpy ride. If you’re looking for something a little more predictable and generate a steady interest income, investing in Certificates of Deposit might be a good option for you. This is especially true if you cannot afford to lose what you currently have, or if you are … Read moreHow to Build a CD Ladder
The following is a list of the nationally available highest yields CD rates. In general, certificates of deposit (CDs) are great short-term investments because your principal is protected by FDIC insurance and your interest rates are guaranteed. Moreover, you can use CD Ladder to make your CD savings more flexible and effective. You can open … Read moreBest CD Rates, High Yield Certificate of Deposit Rates
If you’re a savvy investor, you most certainly have a fair bit of cash tucked away for general spending and emergencies. The stock market is a long term investment and not for cash to you need to have around. So where do you put the money you don’t want in the stock market? There’s 3 … Read moreSavings Accounts vs. CDs: Where to Keep Your Money?
Banks such as JP Morgan Chase, Citi, and Bank of America are rolling out the silver and fine china in the hopes of attracting a wealth segment that, heretofore, had been relegated to the masses while the 1% received the red carpet treatment. The mass affluent are now targeted as premier customers and they will … Read moreWho are the Mass Affluent and Why Big Banks Want You
Saving up a significant cash savings or an emergency fund capable of holding 12 months of living expenses is a Herculean effort in of itself. Once you have managed such a feat, the next question becomes what do you do with the money? Having it sit inside a big bank account earning 0.20% interest doesn’t … Read moreComparing CDs, Peer-to-Peer Lending, and Reward Checking Accounts
In reaction to the financial crisis, the Federal Government instituted changes within the financial industry. Banks have reacted to this and passed along some of the expenses associated with the new regulations, even things like maintenance fees to simply have a bank account. Many bank customers are unsure of where to turn when dissatisfied with … Read moreWhy Haven’t You Ditched Your Bank for a Credit Union?