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

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.

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…

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.

4 Common Bank Fees and How to Avoid Them

Monthly maintenance fees, NSF fees, out-of-network ATM fees and overdraft fees are among the most common bank fees. Learn how to avoid them.