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Banking Articles

From get out of debt strategies to advice on improving your savings returns, we've got recommendations to help you make smarter banking decisions.

Recent Articles

May 9, 2024 | By Chris Neiger

Here's What Happens When You Take $1,000 Out of a CD 6 Months Early

Most CDs charge penalty fees on early withdrawals. Read on to find out how much it might cost you.
May 9, 2024 | By Matt Frankel, CFP®

Want Your Checking, Savings, and Investment Accounts in One Place? Here Are 3 Great Choices

There's a lot of convenience that comes with having all of your finances at the same institution. Check out these three options to help keep your money organized.
May 9, 2024 | By Kailey Hagen

Is a Brick-and-Mortar Savings Account Ever Worth It?

Brick-and-mortar savings accounts usually don't have high interest rates, but there are a few exceptions. Here's how to know if one is right for you.
May 8, 2024 | By Ben Gran

U.S. Bank Is Offering a $200 Bonus for New Accounts. Here's Why It's Not Worth the Effort

Some banks' new account bonuses sound impressive, but the numbers don't add up. See why U.S. Bank's $200 savings account bonus isn't that great.
May 8, 2024 | By Ashley Maready

Understanding the Downside of CDs for Young Investors

CDs are red-hot right now, but they're not the best fit for everyone. Learn why younger investors may struggle with CDs.
May 8, 2024 | By Steven Porrello

Ranked: The 5 Best CDs to Open in May 2024 (Rates up to 9.5%)

Banks continue to pay out generous rates on CDs. Find out which five CDs have the highest APYs in May 2024.
May 8, 2024 | By Kailey Hagen

CD Rates Are Already Falling. Is Now the Time to Lock in a 5% APY?

CD rates have been exceptionally high over the last year, but they're beginning to come down. Here's what to know if you're thinking about opening one.
May 8, 2024 | By Christy Bieber

CD Rates Above 5% May Not Last Much Longer. Here's Why I'm Still Not Rushing to Buy

CD rates are great right now, but today's high yields won't be available forever. Find out why I'm not jumping to invest before they disappear.
May 8, 2024 | By Emma Newbery

CDs vs. Savings Accounts: Here's How to Decide

High interest rates have led many Americans to buy CDs in recent years. Find out how they differ from savings accounts and if they might make sense for you.
May 8, 2024 | By Ben Gran

Why These 2 Big Savings Account Bonuses Aren't Worth Signing Up For

Feeling tempted by a big bank sign-up bonus to get hundreds of dollars of cash for a new savings account? See why these deals have downsides.
May 7, 2024 | By Steven Porrello

Thinking About Getting a 6-Month CD? Pay Attention to This Detail

Today's best 6-month CDs have incredible rates. Before you start counting your plunder, make sure you avoid this common math mistake.
May 7, 2024 | By Chris Neiger

5 Smart Money Moves to Make With $5,000 Right Now

There are many ways $5,000 can improve your finances. Read on to find out some of the best places to put it right now.
May 7, 2024 | By Cole Tretheway

If You Closed a Chime Account, the Banking App Might Owe You $150 or More. Here's Why

Chime may owe money to customers who closed Chime accounts. Find out whether you qualify for this payout.
May 7, 2024 | By Kailey Hagen

Is Closing a CD Early Ever a Good Idea?

Closing a CD early usually brings penalties, but sometimes it makes sense. Here's what you need to know to decide what you should do.
May 7, 2024 | By Christy Bieber

3 Reasons to Buy a CD in May

May is an ideal time to buy a CD, for a few key reasons. Read on to learn more about why you may want to take action now.
May 6, 2024 | By Chris Neiger

Here's What Happens When a Young Investor Starts a CD

CDs are a popular investment option. Read on to see four things you should know about CDs before jumping in.
May 6, 2024 | By Kailey Hagen

Why I Like Savings Accounts More Than CDs, Even Though CD Rates Are Over 5%

CDs can help you lock in high interest rates, but they have their drawbacks, too. See why I prefer to keep my cash in a savings account.
May 6, 2024 | By Kailey Hagen

U.S. Bank Is Offering New Customers Up to $700 Until June 27. Should You Go for It?

U.S. Bank is offering an impressive sign-up bonus, but there's more to consider before opening accounts here. Here's what you need to know.
May 6, 2024 | By Steven Porrello

3 Reasons You Shouldn't Open a High-Yield Savings Account, Even With Rates at 5.55%

The best high-yield savings accounts have mind-boggling APYs. But here are three reasons you might want to avoid them in 2024.
May 6, 2024 | By Ben Gran

Why You Shouldn't Be in Any Big Rush to Open a CD

Want to open a CD in 2024? Based on the Fed's latest interest rate moves, here's why there's no need to hurry.
May 6, 2024 | By Steven Porrello

This Is How Much Money You Can Make With $20K in a 5-Year CD

CDs are risk-free investments with generous interest rates. Find out how much you can earn over five years with $20,000 invested.
May 5, 2024 | By Christy Bieber

Suze Orman Thinks Retirees Should Invest in CDs. Should You Listen to Her?

CD rates are up and let you lock in a rate for the duration of the account's term. Learn why CDs can be a good option for retirees.
May 5, 2024 | By Ben Gran

Top 8 Ways You Could Be Missing Out on Free Money

Do you ever get the nagging suspicion that you could be earning more money for free? Keep reading to see how to get that money back.
May 5, 2024 | By Steven Porrello

​​Don't Make These 3 Common Expensive Mistakes With Your CDs

CDs are FDIC-insured and relatively risk free. But if you make any of these three errors, you could be missing out on bigger returns. Read on for more.
May 5, 2024 | By Kailey Hagen

If a Savings Account Doesn't Have These 5 Features, It's Not Worth Your Time

There are thousands of savings accounts out there. Focus on these five criteria to find the best one for you.