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Lauren Perez

Credit Card, Banking and Savings Expert

Lauren Perez writes on a variety of personal finance topics for SmartAsset, with a special expertise in savings, banking and credit cards. She is a Certified Educator in Personal Finance® (CEPF®) and a member of the Society for Advancing Business Editing and Writing. Lauren has a degree in English from the University of Rochester where she focused on Language, Media and Communications. She is originally from Los Angeles. While prone to the occasional shopping spree, Lauren has been aware of the importance of money management and savings since she was young. Lauren loves being able to make credit card and retirement account recommendations to friends and family based on the hours of research she completes at SmartAsset.

Posts by Lauren Perez:

by Lauren Perez Nov 13, 2018

When shopping around for the right savings account, it’s important to know what you want from an account. It’s also important to know how your options stack up against the competition. Are you currently earning below the average savings account interest rate? Are there other accounts out there that would allow you to earn more on interest? Here are the average interest rates on savings accounts, as well as some accounts that outpace the average. Read more

by Lauren Perez Nov 07, 2018

If you’re looking for the highest savings interest rates the industry can offer, you’ll want to turn to an online bank. Without the maintenance costs of physical branches, online banks can offer the most competitive rates – not only on savings accounts, but also on certificates of deposit, money market accounts and even checking accounts. Discover and Ally are two online banks with consistently high rates, and each offers a range of consumer-friendly features and product offerings. Here’s how they compare. Read more

by Lauren Perez Nov 06, 2018

If you’ve decided you have no need for physical bank branches, an online bank could be just the thing. With many online banks offering significantly higher interest rates than their bricks-and-mortar counterparts, many consumers are making the switch. But which online bank should you choose? Two big names you’ll want to check out first are Marcus by Goldman Sachs and Ally Bank. Here, we look at what each bank offers its customers. Read more

by Lauren Perez Nov 02, 2018

A big part of your financial health relies on saving enough for retirement, from maximizing your 401(k) contributions to growing your other investment portfolios. But what happens to your investments… Read more

by Lauren Perez Oct 26, 2018

One of the easiest ways to save for retirement is to contribute to your 401(k). Set up through your employer, a 401(k) allows you to set aside a certain amount of each paycheck before taxes.… Read more

by Lauren Perez Oct 24, 2018

It isn’t always entirely clear when we’re supposed to retire. The reality is that everyone’s situation is different. Some people have the means to retire early while others have to work their whole… Read more

by Lauren Perez Oct 22, 2018

Retiring in Idaho is a great option for those seeking an active retirement. Because many of the cities given below lie along the Snake River or rest near a National Park, they offer plenty of… Read more

by Lauren Perez Oct 17, 2018

If there’s nothing keeping you from staying here in the U.S., why not retire abroad? You have a ton of options from the standard destination of Mexico to a colder retirement in Iceland. Somewhere in… Read more

by Lauren Perez Nov 12, 2018

If retirement in Florida seems a little too overwhelming for you, consider a retirement in Georgia instead. As Florida’s northern neighbor, Georgia offers easy access to the popular beaches and… Read more

by Lauren Perez Oct 12, 2018

Most people envision retirement as relaxing on a bright beach without a care in the world. But if retiring along sunny shores isn’t quite your thing, consider a retirement in Washington state. Many… Read more

by Lauren Perez Oct 01, 2018

Closing your bank account may seem simple at first glance. However, there are a number of steps to follow and actions to take to close your account properly. Following the correct process will help… Read more

by Lauren Perez Sep 18, 2018

It seems we always end up with a stack of paper documents lying around. This is still true even with the major shift to mobile and online banking. But how long do we really need to keep those bank… Read more

by Lauren Perez Sep 17, 2018

A CD ladder can prove to be a handy savings tool. This is especially true for those who need some extra structure and discipline when it comes to savings. Certificates of deposit, or CDs, come in… Read more

by Lauren Perez Oct 30, 2018

Have you ever rushed to the bank to make an important deposit or withdrawal only to find the lights off and the doors locked? Only then do you realize the bank is closed due to a holiday. There are… Read more

by Lauren Perez Aug 31, 2018

Saving for retirement is certainly a financial priority for everyone. For Nevada state employees, it’s comforting to know that your retirement savings are automatic. Once you start working for the… Read more

by Lauren Perez Aug 30, 2018

Pennsylvania manages its state government employees’ pensions through two different systems: Pennsylvania State Employees’ Retirement System (SERS) and Public School Employees’ Retirement System … Read more

by Lauren Perez May 24, 2018

When browsing a bank’s account options, you’ve probably come across certificates of deposit, or CDs. These are time sensitive accounts that grow your initial deposit for a given amount of time,… Read more

by Lauren Perez May 22, 2018

When it comes to saving your money, you have a number of account options. You might first think of a simple savings account that allows your money to grow according to a set interest rate. You also… Read more

by Lauren Perez Jun 25, 2018

Having a savings account is incredibly important to your financial health. It keeps your money safe and grows your savings according to set interest rates. Typically, you can have a savings account… Read more

by Lauren Perez May 09, 2018

When choosing whether to open a bank account with Ally Bank or Capital One, it really comes down to whether you want access to physical branches when you bank. Ally Bank is an entirely online… Read more

by Lauren Perez Nov 06, 2018

There are special banking opportunities for those who have served our country in the military, are currently serving or for the families of these individuals. Two such options are Navy Federal Credit… Read more

by Lauren Perez Jun 11, 2018

The main plus of having a bank account with a big bank is the widespread access you have to your money. Both Wells Fargo and Bank of America provide their customers with thousands of ATMs and… Read more

by Lauren Perez Jun 06, 2018

No matter your age, you’ve probably dreamed of retiring on a sandy beach somewhere at some point. Perhaps you’ve started planning your retirement in Florida or San Diego. But have you ever thought… Read more

by Lauren Perez May 15, 2018

Many people dream of spending their retirement in a sunny and warm locale, often heading to Arizona or Florida. But perhaps you’re interested in retiring abroad instead of stateside. In fact, heading… Read more

by Lauren Perez Sep 05, 2018

Whether you’re new to investing or have been doing it for years, mutual funds offer a great way to invest your money. It allows you to invest in multiple stocks and bonds without the hassle of… Read more