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Banking Articles

From get out of debt strategies to advice on improving your savings returns, we've got recommendations to help you make smarter banking decisions.


Recent Articles

Sept. 20, 2024 | By Maurie Backman

The Fed's Massive Rate Cut Has a Huge Silver Lining for Savers Who Missed Out on 5% CDs

Interest rate cuts can hurt savers. But the news isn't all bad. Read on to see why.
Sept. 20, 2024 | By Kristi Waterworth

The 3 Best Places to Put Your Money Now That Rate Cuts Are Coming

With rate cuts at the federal level, everything else will follow. Read on for some solid places to put your money that will continue to pay well for years.
Sept. 20, 2024 | By Maurie Backman

Should You Buy CDs Before Rates Drop?

Interest rates are already falling. Is a CD something to lock in ASAP? Read on to find out.
Sept. 20, 2024 | By Maurie Backman

The Fed Just Slashed Interest Rates. Do This With Your Savings Immediately

Now that interest rates are falling, it's time to take action. Read on to see what all savers must do now.
Sept. 20, 2024 | By Natasha Etzel

5 Ways This Bank Account Helps You Save More Money

Need a savings account to keep your extra money? Ally Bank's savings account has many useful features. Find out how this bank account can help you save more.
Sept. 20, 2024 | By Maurie Backman

Is $25,000 Enough to Have in Your Savings Account?

You'd think $25,000 would be enough to have in savings. Read on to see why that may not be the case.
Sept. 20, 2024 | By Maurie Backman

Cashing Out a $10,000 CD Early? Here's What It Might Cost You

It's important to think carefully about committing to a CD. Read on to see why.
Sept. 19, 2024 | By Maurie Backman

Prediction: Savings Account Balances Will Drop in 2025 for This Reason

This financial writer thinks savings account balances will shrink in the new year. Read on to see why.
Sept. 18, 2024 | By Ben Gran

Surprise! The Fed Cut Interest Rates by Half a Point -- Here's What It Means for Your Money

The Fed announced a 50 basis point rate cut on Sept. 18, 2024, bigger than expected. See what it means for your finances and the economy.
Sept. 18, 2024 | By Maurie Backman

The Fed Is Finally Lowering Interest Rates. Should You Buy a CD Now?

Interest rate cuts are apt to drive CD rates downward. Read on to see if you should rush to open one.
Sept. 18, 2024 | By Ben Gran

This HYSA Is the Most Popular Among Retirees in 2024

Retirees have a few particular needs when opening a savings account. Make your retirement money last longer with a high-yield savings account.
Sept. 17, 2024 | By Ashley Maready

HYSA Rates Can Change at Any Time. Should You Be Worried?

We're likely to see lower rates on high-yield savings accounts soon. Read on to learn why you should breathe easy, even if your HYSA's rate falls.
Sept. 17, 2024 | By Ben Gran

Here's How Much Money You'll Lose When the Fed Cuts Interest Rates by 0.25%

The Fed is expected to cut interest rates by 0.25% at its September 2024 meeting. See how this affects your savings account -- and what you should do.
Sept. 17, 2024 | By Maurie Backman

Forget CDs. If You're Saving for a Home, Your Money Should Go Here

CDs are great for a lot of things. But read on to see why they're not the best place for your home down payment.
Sept. 17, 2024 | By Christy Bieber

If I Could Tell Seniors One Thing About CDs, This Would Be It

Seniors need liquid cash to avoid having to take money out of the market at a bad time. Read on to learn how CDs can help.
Sept. 17, 2024 | By Christy Bieber

Is It Better to Buy a CD or Put Your Money in Savings? The Answer Is Simpler Than You Think

A CD can be a good investment choice in some situations, but there are other times when your money belongs in savings. Find out here how to decide.
Sept. 16, 2024 | By Steven Porrello

​​​​High CD Rates Are Dropping Like Flies. These 5 CDs Are Still a Rare Opportunity

As the Federal Reserve prepares for its first rate cut, CD rates are dropping. Here are five CDs that still have competitive APYs.
Sept. 16, 2024 | By Steven Porrello

This Is How Much Money You Should Actually Keep in Your Checking Account

Keeping too much money in your checking account could lead to missed opportunities. Find out the golden number here.
Sept. 16, 2024 | By Ashley Maready

CD Rates Are Likely to Fall Soon. Here's Why I'm Still Not Opening One

The days of 5% CD rates are coming to a close. Read on to learn why one writer still isn't biting -- and where her spare cash is going instead.
Sept. 16, 2024 | By Kailey Hagen

Chase Is Offering a Super Easy $300 Bank Account Bonus -- but Time's Running Out to Claim It

Checking account bonuses offer extra cash, but they're not always easy to achieve. Here's what you need to know about Chase's competitive offer.
Sept. 16, 2024 | By Natasha Etzel

This HYSA Is the Most Popular Among Millennials in 2024

Are you a millennial who wants to open a new savings account? Here are some of the top features millennials love about Ally's online savings account.
Sept. 16, 2024 | By Matt Frankel, CFP®

Should You Pay Extra Toward Your Mortgage or Save Money in a CD?

If you have a low-interest mortgage, there's a mathematical reason to pay it off as slowly as possible. But is that the right move for you? Find out here.
Sept. 16, 2024 | By Matt Frankel, CFP®

I'm About to Open a CD. Here's Why I'm Not Going for the Absolute Highest Rate

A high interest rate is certainly a priority as I shop around for CDs. But it isn't my only priority. Read on to see why.
Sept. 15, 2024 | By Maurie Backman

3 Reasons Not to Celebrate 5% CD Rates

A lot of people are happy about 5% CD rates. But maybe you shouldn't be. Read on to see why.
Sept. 15, 2024 | By Danielle Antosz

Is $25,000 Too Much to Keep in a High-Yield Savings Account?

There's nothing wrong with keeping $25,000 in an HYSA. But read on to learn how a balanced approach could help you earn higher yields.