What Is a Savings Account?
If you have extra cash sitting around your checking account, why not put it to work? Find out how a savings account can earn you more.
Savings Accounts
How To Open A Savings Account: A Step by Step Guide
Opening a savings account is a great way to protect your money and build your financial foundation. You can use a savings account to achieve different financial goals, like creating an emergency fund or buying a home. The best savings accounts feature higher-than-average interest rates and no monthly service fees. They also offer low or [â¦]
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
The Best Betterment Portfolio Strategies for All Types of Investors
Learn about the best Betterment portfolio strategies for different situations and get answers to some of the most common questions.
Money Market Account vs. Savings Account: Pros and Cons
Want to save money for your future? A savings account seems like the obvious choice. But thereâs another option out there called a money market account. Itâs like a hybrid between a savings account and a checking account. If youâve been debating on opening a savings account or money market account, now might be a [â¦]
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
Your Guide to Certificates of Deposit (CD) Early Withdrawal Penalties
Certificate of deposit accounts can be useful when saving for short- or long-term goals. They lock in your money for a certain period and guarantee an interest rate. But sometimes, life happens in the middle of the CDâs term. You have a medical emergency, your car conks out, or (much better!) a friend offers you […]
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Can a Parent PLUS Loan Be Transferred to the Student?
Sometimes, scholarships, grants, and student loans for the student arenât enough to pay for the full cost of college. In that case, you might be considering taking out a Parent PLUS loan to help your child finance college â or maybe youâve already taken out one of these loans. In either case, itâs never too […]
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High-Yield Savings Accounts: The Risks, The Benefits, and What You Should Know
It can be frustrating to see your extra cash sitting in a checking or savings account earning mere fractions of a percentage point in interest — if anything at all! You may even feel like your finances are going backwards, thanks to inflation. But wait: You have options! If youâre looking for a low-risk place […]
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What Are Certificates of Deposit (CDs) And How They Work
If youâre seeking higher interest rates than your traditional bank account can provide â and you donât need access to your cash for a while â you might want to consider a certificate of deposit (CD). But how does a certificate of deposit work, anyway? Read on. What Is a CD? A certificate of deposit [â¦]
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.
How to Automate Your Finances
Life can be challenging enough these days without wondering, âIs that bill due today? Did I already pay it? Do I have enough in my account to cover it?â Happily, you can be freed (at least somewhat) from investing your energies in such thoughts and worries. Automating your finances can not only be a smart […]
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Checking Vs. Savings Account: Whatâs the Difference?
Savings and checking accounts are two of the most common products banks and credit unions offer, but they serve very different purposes. Checking accounts make it easy to spend your money while savings accounts â you guessed it â are better for saving your cash. However, when it comes to our finances, it can feel [â¦]
This was originally published on The Penny Hoarder, which helps millions of readers worldwide earn and save money by sharing unique job opportunities, personal stories, freebies and more. The Inc. 5000 ranked The Penny Hoarder as the fastest-growing private media company in the U.S. in 2017.