If you’re looking for a better way to save and grow your money, you could try a high-yield savings account or traditional CDs. However, if you’re comfortable with a little risk, you might consider a brokered certificate of deposit (CD) account instead. What Are Brokered CDs? Brokered CDs are time deposit accounts that are sold… Continue reading Why I’m Using Brokered CDs to Earn More Interest
Certificates of deposit (CDs) appeal to many savers and investors because they offer fixed returns with almost none of the potential risk factors associated with other types of investments. The Federal Deposit Insurance Corp. also insures CDs for up to $250,000. Certificates of deposit have grown in popularity in recent years as the Federal Reserve… Continue reading Minding Your Bank: Why You Have to Be Careful When Your CD Matures
Whether you’re new to saving money or looking to improve your strategy, categorizing your savings is a brilliant way to visualize your financial goals. Also known as bucketing, this concept allows you to organize your financial goals and save for a variety of short- and long-term goals. Learn how splitting your savings into buckets works… Continue reading Boost Savings and Stay Motivated by Putting Your Money into Buckets
It’s all too easy to forget about your checking account, especially if you know you have enough money for your expenses. However, keeping a close eye on your account is essential if you’d like to stay on top of your spending, increase your savings, and catch fraudulent activities. Fortunately, electronic banking makes it easy to… Continue reading Stop Bank Fraud and Fees: Benefits of Monitoring Your Checking Account
Earning money on your savings used to be rather tricky since meager interest rates made gains minimal to negligible. However, if you’ve been paying attention to interest rates on savings vehicles, you’ve likely noticed that they’ve ticked up as the Federal Reserve hiked interest rates to combat rising inflation. Chances are, you could be earning… Continue reading Earn the Best Interest Rates on Your Money Even If Rates Change
Running out of money is about as much fun as getting a flat tire on a busy freeway. If you’ve ever wished your bimonthly payday could come a bit earlier because you are in dire need of money, you might be in luck if your financial institution offers early direct deposit. In this guide, we’ll… Continue reading How to Get Your Paycheck Early: 20 Banks That Offer Early Direct Deposit
While typical checking accounts don’t accumulate interest, interest-bearing checking accounts blend the functionalities of traditional checking with the ability to earn interest. In this comprehensive guide, we delve into the workings of interest-bearing checking accounts and essential considerations if you’re considering opening one. What Is an Interest-Bearing Checking Account? Also known as an interest checking… Continue reading Best Interest-Bearing Checking Accounts in 2024
Ancient Greek philosopher Aristotle reasoned that the primary purpose of money was as a medium of exchange for goods and services. Those of us living in the 21st century know that money serves many more functions, including the ability to earn more money on savings and other types of interest-bearing accounts. With a bit of… Continue reading How Can You Earn the Most Interest on Your Money?
If you’re looking for somewhere to park your cash, a money market account (MMA), an interest-bearing account available at many banks and credit unions, may be a good option. To help you decide whether this type of account suits your unique situation, we’ll explore the ins and outs of MMAs below. What Is a Money… Continue reading How Safe Are Money Market Accounts? Are They a Good Place to Stash Your Cash?
If earning cash back whenever you make purchases with your debit card sounds appealing, a rewards checking account could be worth checking out. MoneyRates created this guide to rewards checking to help you better understand this type of bank account and determine if it aligns with your banking needs. What Is Rewards Checking? Standard checking… Continue reading From Cash Back to Interest Rates: Find Out if a Rewards Checking Account Is Worth It