- What Is the Average Savings Account Balance?
Most of us rely on financial instruments to keep our savings safe, but it can be hard to know if you’re saving enough. Evaluating the average savings account balance across the country is a good start. Using data from the… read more…
- What Is an Annual Percentage Yield?
When you save or invest your money, you expect to earn some sort of return. With deposit accounts like certificates of deposit or savings accounts, banks need a way to measure the return that you can expect. Enter the annual percentage… read more…
- What Is a Passbook Savings Account?
Millennials probably can’t imagine banking without their computers or cell phones. Members of older generations, however, might recall a time when they had to visit a branch to access their accounts. To some people, the passbook savings account is a… read more…
- What Kind of Savings Account Do You Need?
By definition, the purpose of having a savings account is to give you a safe place to park your cash. Depending on your needs, you could use a savings account to start your emergency fund, save for your dream vacation or… read more…