Following the recent bank collapses thereâs good reason to be concerned about how much of your money is and isnât insured. The bad news: Just because an account is held by a bank doesnât automatically mean itâs insured. The good ⦠Continue reading â
The post This Move Lets You Insure $1.5 Million or More at a Single Bank appeared first on SmartAsset Blog.
Assets might sound like a fancy word, and they may seem like something only rich people have. But the truth is almost everyone has a few assets to their name. Letâs take a look at what assets are, whether checking ⦠Continue reading â
The post Is a Checking Account Considered an Asset? appeared first on SmartAsset Blog.
Whenever youâre budgeting out your money, itâs important to understand how much money you have at any given time, but not all bank balances are equal. Making a mistake between your current and available balance, for example, could cause you ⦠Continue reading â
The post Current Balance vs. Available Balance appeared first on SmartAsset Blog.
Knowing how to bank effectively is a big part of being financially responsible. Different banks can have advantages over others. Employing different banking techniques can improve how you budget your money. One of those techniques is having multiple bank accounts. So, ⦠Continue reading â
The post How Many Bank Accounts You Should Have appeared first on SmartAsset Blog.
Writing checks may not be something you do often. But if you do write a check, itâs important to make sure you have enough money in your bank account to cover it. If you donât, your bank might charge a ⦠Continue reading â
The post What Is a Returned Check Fee? appeared first on SmartAsset Blog.
Money market accounts combine the benefits of both savings and checking accounts with the potential for higher interest yields. While the Federal Deposit Insurance Corporation or the National Credit Union Administration insures your money market account, bank fees and penalties ⦠Continue reading â
The post Can You Lose Money in a Money Market Account? appeared first on SmartAsset Blog.
A savings account is the most basic sort of bank account. And it is appropriate for almost anyone interested in being smart about managing their money. If you are trying to accumulate funds to reach a short- or long-range goal ⦠Continue reading â
The post Who Should Open a Savings Account? appeared first on SmartAsset Blog.
When banking failures occur, depositors naturally become worried about their money. They also tend to question whether to withdraw cash from their accounts or leave it where it is. And as depositors look for a safe place to house their ⦠Continue reading â
The post Are Money Market Accounts Safe? appeared first on SmartAsset Blog.
Some banks limit how often you can transfer money out of a savings account. Exceeding the allowed quota of transfers via ATM, electronic bill payment or other methods could result in being charged a fee, having your savings account changed ⦠Continue reading â
The post Savings Account Transfer Limit appeared first on SmartAsset Blog.
Certificates of deposit (CDs) offer a great, more structured way to save. CDs have specific time terms that typically vary from a few months to a decade. After you make your initial deposit, you canât access your funds until the ⦠Continue reading â
The post Are Certificates of Deposit (CDs) FDIC-Insured? appeared first on SmartAsset Blog.