Are Certificates of Deposit a Good Investment?
When most people hear about CDs, they start wondering why anyone would still buy them in a world where music has gone digital. However, the financially savvy can usually tell within a few words of the conversation if the term … Continued
Banking Trends in 2016
The banking industry has always been in a state of change, especially over the past decade. With new technologies and ways to improve productivity surfacing every year, banks are engaging in these changes to increase customer loyalty and maintain competition. … Continued
What Exactly is a Certificate of Deposit?
It’s never too early to begin building your nest egg. Safe and effective investments can help you slowly and steadily grow your savings. You may have heard the term “CD” commonly used in banking. If you’ve asked yourself, “What is … Continued
FDIC Insurance: Protection Against Bank Failure
With financial market uncertainty, it is comforting to know that there is a base level of protection for bank accounts held at financial institutions that are insured by the Federal Deposit Insurance Corporation (FDIC). FDIC insurance, which offers coverage for bank … Continued
Overview of High Yield Online Savings Account Options for 2016
*** Article Updated for 2018: https://banks.org/overview-of-high-yield-online-savings-account-options-for-2018/ Savings accounts: everyone should have at least one, but when your local bank is offering to pay you interest at dismal rates as low as 0.01%, saving can be downright discouraging. Thankfully, in … Continued
Advantages and Disadvantages of an Online Savings Account
It is important for everyone to have some sort of savings. Depending on your age and how much money you have to put into savings, there are many different options available. For some people, a traditional in bank savings account … Continued
Banks vs Credit Unions: Is One Better Than The Other?
When we are young, we learn that everything has its place. You buy food at the grocery store, books live at the library, and money goes into banks. As we get older and experience the complexity of the world, we … Continued
USAA Online Bank Review
Online banking can some times be tricky to navigate but banks like USAA, make it easy. It is a one stop bank for all needs such as banking, insurance, and loans. The Upsides: USAA offers more than just a debt … Continued