Certificates of Deposit (CDs) work similarly to online savings accounts or money market accounts in terms of offering great returns with zero risk. The difference is, CDs “lock your money up” for a specified period of time. To access your funds before the term ends, you’ll have to pay a penalty. Although CDs offer less…
Category: Banking
8 Best Savings Accounts of 2024
To get the best savings account rates, start by shopping around and comparing different banks and credit unions. Here are some of the top national rates to get the most out of your savings account. While the best savings accounts used to come from traditional brick-and-mortar institutions, this is no longer the case at all….
11 Best Online Banks: Start Today
Interest rates have been rising rapidly in recent months, and you may be pleasantly surprised to see how much. If you’re currently holding your money in a bank that’s paying 0.0-something percent on your balance, you need to seriously investigate the alternatives. In this guide, we’re going to provide 11 of the best online banks,…
Best High-Interest Savings Accounts
I remember a time when the best high-interest savings accounts paid annual yields of over 5%. Those days were long gone. BUT… they are making a comeback! According to the FDIC, the national average savings rate is paltry 0.46%. That means that the best high-interest savings accounts today are paying close to 20 times the…
Best Money Market Accounts of 2024
Money market accounts haven’t been drawing much attention in recent years, and it’s easy to see why. Recent figures from the Federal Deposit Insurance Corporation (FDIC) show that the average savings account rate and the average money market account rate are currently at 0.64% APY as of writing. Still, there are a small handful of…
The Best Checking Accounts for Your Business
A business checking account helps small business owners keep their business funds separate from personal funds. No matter the type of business you’re in, you need a checking account in order to stay on top of bills and invoices. You also need an account in order to accept and deposit payments from customers or clients,…
Ditch Your Bank: 9 Banking Alternatives That Pay More
Did you know the average bank is paying 0.43% in interest on their savings accounts? That seems crazy enough on its own, but it’s even crazier that my bank is paying even less than that. That’s right; my own bank is paying a fraction of the average savings interest rate….actually .01%. Even worse, my bank…
Ditch Your Bank: 9 Banking Alternatives That Pay More
Did you know the average bank is paying 0.43% in interest on their savings accounts? That seems crazy enough on its own, but it’s even crazier that my bank is paying even less than that. That’s right; my own bank is paying a fraction of the average savings interest rate….actually .01%. Even worse, my bank…
Personal Finance Facts and Statistics
It’s often said that “numbers don’t lie.” If so, what does that reveal about personal finance in the USA? To answer that question, we’ve prepared this analysis of personal finance facts and statistics to help you understand approximately where you are in comparison with other Americans. The information revealed in our analysis isn’t intended to…
Personal Finance Facts and Statistics
It’s often said that “numbers don’t lie.” If so, what does that reveal about personal finance in the USA? To answer that question, we’ve prepared this analysis of personal finance facts and statistics to help you understand approximately where you are in comparison with other Americans. The information revealed in our analysis isn’t intended to…