- + What Is a Good Monthly Retirement Income?—What is a good monthly retirement income depends on your lifestyle and your goals, but 80% of your preretirement income is a general guideline.
- + Saving vs. Investing: Which Option Is Better for Your Money?—Deciding whether saving versus investing is better for your money comes down to your financial goals and tolerance for risk — here are pros and cons o...
- + Are CDs Worth It?—A certificate of deposit (CD) may be worth buying if you can lock in a high interest rate and don’t need to access that money before the CD matures.
- + 5 Easiest Bank Accounts to Open Online—These are five of the easiest bank accounts to open online — open them in minutes, without making a minimum initial deposit or paying monthly fees.
- + Fed Drops Rates a Third Time This Year, Predicts Fewer Cuts Ahead—The Federal Reserve reduced its benchmark federal funds rate Wednesday by another quarter point but is expected to slow the pace of rate cuts in 2025.
- + Ally Bank vs. Barclays: Which Is Better for You?—If you're trying to decide between Ally Bank versus Barclays, look here to review key deposit account details and decide which is better for your mone...
- + Most Americans Don’t Always Carry Cash, With Debit the Preferred Payment Method—According to a DepositAccounts survey of bank account holders, 66% don’t always carry cash, and 61% have used cash five or fewer times in the past mon...
- + ACH Transfer vs. Wire Transfer: What’s the Difference?—An Automated Clearing House (ACH) transfer occurs between financial institutions using the ACH network, while a wire transfer moves money between two ...
- + Best Savings Accounts of December 2024 – Up to 4.75%—The best savings accounts have competitive annual percentage yields (APYs), low deposit and balance requirements, and minimal fees.
- + Do I Have to Pay Taxes on CD Earnings?—Interest earnings on certificates of deposit (CDs) are taxable as regular income by the IRS, unless you hold a tax-advantaged account, such as an IRA ...
- + How to Close a Bank Account—Closing a bank account is a straightforward process, and here are the steps to take for checking, savings and money market accounts as well as CDs.
- + What Is the Social Security Trust Fund?—The Social Security trust fund was established in the 1930s to pay out benefits to retirees and later expanded to support disabled workers and others.
- + How to Determine Your Net Worth—Your net worth is the difference between what you owe, called your liabilities, and what you own, or your assets, and knowing it helps you plan financ...
- + Daily ATM Withdrawal Limits at Popular Banks and How to Avoid Them—Your daily ATM withdrawal limit is set by your bank and affects the cash you can access in any one day, though limits are usually between $500 and $2,...
- + How to Open a Money Market Account—You can open a money market account – a hybrid of a checking and savings account – at a bank or credit union, often with no minimum deposit or balance...
- + Early Withdrawal Penalty: What You Pay for a CD, 401(k) and More—Here are ways to avoid an early withdrawal penalty if you need to access the money in a certificate of deposit (CD), 401(k) or individual retirement a...
- + Best Banks for Small Businesses—Our picks for the best banks for small businesses feature institutions with minimal fees and tools that help you seamlessly manage your company.
- + What Are the Different Types of Annuities?—The five different types of annuities are fixed, variable, indexed, immediate and deferred, and understanding their features is key to helping you cho...
- + What Is a Certified Check?—A certified check is a personal check that the issuing bank has verified as legitimate and guaranteed the availability of funds for the payment.
- + How to Choose a Bank—Choosing the right bank involves looking at various factors, including products, perks and fees, and here are the steps to find the best bank for you.
- + Wells Fargo vs. Bank of America: How They Compare, Rates, and Pros and Cons —Comparing Wells Fargo vs. Bank of America shows the two share many similarities, and deciding between them may come down to qualifying for special rat...
- + Bond vs. CD: Which Is a Better Investment?—Here’s how to evaluate a certificate of deposit (CD) versus a bond to help you choose the right product to achieve your financial goals.
- + Comparing U.S. Bank vs. Wells Fargo—Here are the key features of U.S. Bank versus Wells Fargo as well as tips on how to pick the best option to fit your financial goals.
- + Best Banks With No ATM Fees of 2024—If you want a bank with no ATM fees so you can access your cash without the extra cost, here are some of the best options to consider.
- + CD Early Withdrawal Penalty Calculator: Are Penalties for Breaking a CD Worth It?—Certificates of deposit (CDs) have one big downside: the early withdrawal penalty. Learn what this fee is, how it’s calculated and how to avoid it.
- + American Households’ Savings Fell 32.5% Over Past 5 Years—A DepositAccounts study looks at average household savings account balances across the U.S. to see where they’ve fluctuated the most in recent years.
- + Fed Cuts Interest Rates Amid Postelection Uncertainty—The Federal Reserve on Thursday lowered its key interest rate by a quarter percentage point, making its second rate cut of 2024 after a larger reducti...
- + Overdraft Protection: What Is It and How Does It Work?—Overdraft protection is an optional service used to cover a transaction if you don’t have enough money in your bank account, often linking a backup ac...
- + Ally vs. Synchrony: How Do They Compare?—Ally and Synchrony banks are online financial institutions that offer competitive rates and low fees on savings products but differ in several key are...
- + What Is the Prime Rate Today?—The prime rate helps banks set rates on various types of debt, including mortgages, lines of credit, personal loans and credit cards; the prime rate t...
- + Check Kiting: What Is It and How Does It Work?—Check kiting is a type of bank fraud that involves depositing a bad check into a bank account and then withdrawing those funds before the bank can rej...
- + What Is a Money Market Account?—A money market account blends the best features of checking and savings accounts, often with higher rates than savings accounts and other key differen...
- + What Is a Credit Union?—Credit unions are not-for-profit financial institutions that offer services and products similar to banks but are fundamentally different.
- + Understanding the Different Types of Savings Accounts—Each type of savings account offers different interest rates and fees as well as accessibility, which are important factors to consider when selecting...
- + What Is a Medical Savings Account?—Medical savings accounts (MSAs) provide a way to pay for qualifying medical expenses and are generally for people enrolled in high-deductible Medicare...
- + Retirement Statistics You Should Know in 2024—DepositAccounts has compiled retirement statistics to give context and provide comparisons. Here’s what we found.
- + CDs vs. High-Yield Savings Accounts: Which Should I Choose?—A high-yield savings account is often better if you need ready access to your money, but if you can afford to lock up your funds, a CD may offer a hig...
- + Cheap Checks Online: Where to Buy—You may find inexpensive checks from online retailers and banks, but before you order, consider not only the price but also the vendor’s reputation.
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