Building your savings is the first step toward building your wealth. This section covers information about banking products such as 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 banking experience.
Additionally, check out related articles in these sections: financial planning, investing, real estate, and risk management
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 more
There are four main types of deposit accounts offered by banks that 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 save your money whether you have specific financial goals or just want to build a … Read more
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 a CD Ladder to make your CD savings more flexible and effective. You can … Read more
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 more
Although online payment is prevalent nowadays, you may still find yourself in a situation where you need to write a check. For example, when you pay a contractor that doesn’t take a credit card payment or when you write a deposit check for your home purchase. If you are not familiar with how to write … Read more
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 more
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 more
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 more
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 more
I had a really bad banking experience last week – actually, it took place over 7 days and is still not quite over. I was going to blog about it and rat out the bank, but then some halfway decent customer service changed my mind. When I logged into my account today and saw YET ANOTHER … Read more