William Cowie

William Cowie joins MoneyRates as a contributor writing about personal finance, investing, and the economy.

He is a retired CFO and CEO who wrote for GetRichSlowly.org, FiveCentNickel.com and other personal finance blogs for many years. More recently, he authored the forthcoming book Comeback! about how Billy Durant started General Motors, was kicked out and, finally, launched the biggest comeback in business history to reclaim it.

Born in South Africa, he and his wife now enjoy the four seasons in Denver, Colorado

Recent Articles By William Cowie

What Is A Savings Account – Why You Need It

William Cowie
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Savings accounts are common, but not nearly as common as checking accounts. This post asks the question: What’s the difference? But then it answers the more important question: Why do you need one? (Because you do.)

Bank of America Savings Account Review 2023

William Cowie
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Bank of America, one of the world’s largest and oldest banks, offers a competitive range of savings products.

Citi Accelerate Savings Account Review 2023

William Cowie
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Citibank is one of the world’s largest banks, offering competitive interest rates and a wide variety of banking services.

How to Earn More Interest on Your Savings In 2023

William Cowie
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In the current climate of rock-bottom interest rates, is there a way for you to find a higher return on your savings? You may be pleasantly surprised by some of these options.

How to Save Money for Your Kids

William Cowie
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Better than toys or fleeting memories, grandparents can help give their grandchildren a head start in life with a savings account.

What’s Better for Your Savings, Interest Compounded Daily or Monthly?

William Cowie
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What’s the difference between monthly compounding and daily compounding for your savings accounts – and does it matter? How can you decipher what banks offer on their savings products?

Can You Get A Debit Card on A Savings Account?

William Cowie
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Debit cards are a common feature on checking accounts but not on savings accounts. Can you get a debit card on a savings account? Learn about debit and ATM cards – but the bigger question is: Should you want one?

Can You Pay Bills Directly From A Savings Account?

William Cowie
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Savings accounts tend to pay higher interest than checking accounts. Would it, therefore, make sense to put all your money in a savings account and use it to pay bills and make purchases? No, and here’s why not.