Banking
Find the best strategies to manage your finances. Our banking articles offer expert advice on everything from debt reduction to maximizing your savings.
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Banking 101: Your Complete Guide to Understanding Banking Basics
Simplify your banking journey with InvestorPlace’s comprehensive banking guide. Learn which account types fit your savings goals.
Recent News
High-Yield Savings Accounts: 5 Risks to Know
High-yield savings accounts come with plenty of benefits, but there are some risks to be aware of. Here's what savers should know.
7 Reasons You Should Open a High-Yield Savings Account This Summer
High-yield savings accounts provide flexibility and safety while allowing you to earn interest on your savings.
3 Ways to Take Advantage of High Interest Rates Before Fed Rate Cuts
With interest rates still high, it may be time to consider a high-yield savings account, CD or Treasury bill.
The Current State of CD Rates: Maximize Your Returns
With interest rates expected to drop later this year, now may be the time to open a CD and lock in a high interest rate for your cash.
Are High-Yield Savings Accounts Losing Their Luster?
Thanks to steady interest rate hikes, high-yield savings accounts are an attractive place to store cash. But are they losing their luster?
The State of Emergency Funds in 2024
With inflation so high, Americans are spending more and saving less. Does this mean the end of the emergency fund?
Can Traditional Banks Survive in a Digital World?
With online banks growing in popularity, can traditional brick-and-mortar banks survive in a digital world?
Are No-Penalty CDs Worth It?
With a no-penalty CD, you can access funds any time penalty-free while taking advantage of today's high interest rates.
High-Yield Savings Accounts: A Strategic Guide
Learn how to leverage your savings with our comprehensive guide to high-yield savings accounts.
Switching Banks for Higher Rates: Is It Worth the Hassle?
Switching banks can be worth it for a higher rate, even if doing so is often a hassle. However, there are several factors to consider…
How Joining a Credit Union Could Save You Hundreds of Dollars This Year
Interest rates are eight to 10 points higher at the largest credit card companies even if you have a good credit score. But there are plenty of credit unions out there with better rates on lots of different financial services.
FDIC vs. NCUA: Understanding Deposit Insurance and Your Money’s Safety Net
The FDIC and NCUA provide insurance to protect your deposits at banks and credit unions. Learn how each type of insurance works and which financial products are covered.
What Is a CD Ladder?
A certificate of deposit (CD) ladder is a savings strategy in which you buy multiple CDs with different term lengths. A CD’s term is how…
Unlock Financial Freedom: Master the Basics of Financial Literacy
Financial literacy is a comprehensive understanding of general financial topics such as personal finance management, saving, investing and budgeting. Those without financial literacy are more…
Saving vs. Investing: How to Know Which Is Right for You
Saving and investing have a similar goal: storing money for your future. But whether you should choose to save or invest your cash comes down…
4 Savings Mistakes to Avoid: 2024 Edition
Saving money for your future is a key part of a financial plan — but even small mistakes can derail your success. Learn about common mistakes,…
APY vs. Interest Rate Explained: A Simple Guide for Beginners
While the terms APY and interest rate are often used interchangeably, they don’t mean the same thing. Learn the differences between APY and interest rate and how they affect your investments.
Maximize Your Money: Credit Union vs. Bank? Explore Pros, Cons and Make the Smart Choice.
Learn about the pros and cons of credit unions and banks, and how to determine which option suits your unique financial goals.
The Investor’s Guide to Certificates of Deposit
If traditional savings accounts aren’t meeting your interest rate expectations, consider opening a CD instead. Use our comprehensive CD guide to learn how to maximize your savings.
AI’s Impact on Banking: Benefits, Risks and What It Means for Your Finances
AI presents new opportunities and potential threats to everyday banking. Learn how AI could affect your banking journey.