Automate your savings: Make the decision once
Automating your savings makes the choice for you, moving money before you have a chance to spend it. Here's how to set…
Category: Saving & Banking
Bank vs. credit union: The one difference that decides everything
Banks exist to make profit for investors. Credit unions exist to serve their members. This changes your costs, your service, and your…
The $250,000 question: How FDIC insurance protects your bank account
FDIC insurance protects your bank deposits up to $250,000 if your bank fails, but its specific rules and limitations are vital to…
Denied a bank account? How to get a second chance
If a bank turned you down, a negative report is likely the cause. Here are the steps to get back into the…
How to find a checking account with no monthly fee
Your bank should not charge a monthly fee to hold your money. Here is how you can find and switch to a…
CDs vs. savings accounts: When to lock up your money for a higher rate
A CD offers a fixed, higher rate for locking up your cash, while a savings account keeps it accessible at a lower,…
A guide to turning off bank overdraft fees
Overdraft rules changed in your favor, but you have to tell your bank to stop charging you for its expensive "protection".
How much to save for an emergency? The 6-month rule is a blunt instrument.
The 3-to-6-month rule for emergency savings is a start, but your actual number depends on your job, income, and personal risks.
Where does the ‘high yield’ in a savings account come from?
A high-yield savings account is not a gimmick; it's the result of a bank's business model and Federal Reserve policy.