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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

Aug. 23, 2024 | By Steven Porrello

3 Reasons I Switched to a SoFi Bank Account

The SoFi Checking and Savings is free and boasts a competitive sign-up bonus. Learn why this author switched to SoFi -- and why you might want to as well.
Aug. 23, 2024 | By Ashley Maready

Forget Your Local Bank: Put Your Savings Here Instead

A bank with a branch in your neighborhood is the best fit for your cash, right? Maybe not. Learn about the advantages of online banks here.
Aug. 23, 2024 | By Brittney Myers

5 Savings Accounts Paying Over 4% APY Right Now

A low savings APY means you're losing money. Check out these high-earning alternatives.
Aug. 23, 2024 | By Maurie Backman

If You Want to Put Money Into CDs Before Rates Fall, This Is the Way to Do It

Today's CD rates aren't going to stick around forever. Read on to see how to take advantage of them while protecting yourself financially.
Aug. 22, 2024 | By Matt Frankel, CFP®

Here's What Could Happen to CD Rates if the Fed Cuts Interest Rates Next Month

The Fed is virtually certain to start cutting rates at its September meeting. Find out what it would likely mean for CD interest rates.
Aug. 21, 2024 | By Kristi Waterworth

Fed Rate Cuts Are Coming: Lock In Your High CD Rate Now

Locking in your CD rates now is a smart move, before they drop across the board. Find out more here.
Aug. 21, 2024 | By Emma Newbery

Forget Checking Accounts: Money Market Accounts Pay Higher Interest

Top MMAs pay APYs of over 5.00% right now. Find out how you can put these hybrid accounts to work for you.
Aug. 20, 2024 | By Kristi Waterworth

Here's How Much the Average American Needs in Savings

Have you ever wondered if your emergency fund is enough? Read on to find out just what you need to meet the average household expenses.
Aug. 20, 2024 | By Matt Frankel, CFP®

This Is How Much Money You Can Make With $10,000 in a CD Ladder

A CD ladder can be a great way to combine reliable income and financial flexibility. Here's how much interest you can expect.
Aug. 20, 2024 | By Jamie Matthews

I Never Thought I'd Open a CD. Here's What Finally Changed My Mind

I've never considered myself a CD girl, but fear of missing out finally convinced me to open one. Read on to learn more about my reasoning.
Aug. 20, 2024 | By Kailey Hagen

High APY or a Cash Sign-Up Bonus? These 3 Banks Have Both

High APYs and account bonuses both have their merits, but it can be hard to choose between them. Learn more about the three banks where you don't have to.
Aug. 19, 2024 | By Natasha Etzel

Only Have a $1,000 Emergency Fund? Here's Why That's OK

An emergency fund is a great way to prepare financially for the unexpected. Learn why $1,000 is a great savings goal to start with as you establish your fund.
Aug. 19, 2024 | By Devon Delfino

Forget Your Local Bank: Here's Why Online Banks Are Better

Online banks can be more convenient and lucrative than traditional banks. Read on to learn more about why you might want to switch.
Aug. 19, 2024 | By Kailey Hagen

Want to Grow Your Savings Without Cutting Spending? You Need One of These

Saving money is hard, so it helps to have tools that make it easier. Here's something every saver needs in their arsenal.
Aug. 18, 2024 | By Natasha Etzel

Hoping to Afford a $5,000 Vacation Next Year? Do This Now

It's never too early to start thinking about your next vacation. Find out why you may want to start saving for your upcoming trip today.
Aug. 18, 2024 | By Kristi Waterworth

Lock in High Interest CDs Now Before the Fed Lowers Rates in September

When the Fed drops rates in September, CD rates will also fall. Learn why now is the time to lock in those 5% rates while you can.
Aug. 18, 2024 | By Matt Frankel, CFP®

Prediction: Here's Where CD Rates Are Headed Over the Next Year

Nobody has a crystal ball that can predict interest rates. But read on for my best educated prediction.
Aug. 18, 2024 | By Brittney Myers

3 Reasons You Should Open a Long-Term CD Before the August Inflation Report

The Consumer Price Index update for August could have a wide impact. Find out how CDs may be affected.
Aug. 18, 2024 | By Maurie Backman

This Is the Single Best Strategy for Making Money With CDs

CDs are paying generously right now. Read on to see how you can make the most of today's interest rates while minimizing your chances of a CD penalty.
Aug. 18, 2024 | By Emma Newbery

How Much Money Should You Keep in Your Checking Account? Here's the Sweet Spot

Almost 80% of Americans live paycheck to paycheck. Find out how you can build your checking account balance.
Aug. 18, 2024 | By Maurie Backman

A 12-Month CD at 5% May Not Be the Best Deal Right Now. Here's Why

A 12-month CD might give you the highest APY today. But read on to see why you may want to choose a different term.
Aug. 18, 2024 | By Maurie Backman

Here's Why You Shouldn't Open a CD at 5%

Don't rush into a 5% CD. You could end up selling your financial goals short. Read on to see why.
Aug. 17, 2024 | By Ashley Maready

3 Things You Must Do When Your Savings Reach $500,000

Got a lot of money in savings? Read on for a few crucial moves to keep your money safe and maximize it for the future.
Aug. 17, 2024 | By Maurie Backman

Forget 12-Month CDs. Here's the Strategy You Should Be Using

You might get the best rate today on a 12-month CD. But read on to see why putting all of your money into one isn't the best idea.
Aug. 17, 2024 | By Ashley Maready

Is $10,000 Too Much to Keep in a Checking Account?

Too much cash in your checking account could cost you money. Keep reading to find out why -- and where you should put the excess.