- Money Market Account vs. Savings Account
Having a savings account is incredibly important to your financial health. It keeps your money safe and grows your balance according to set interest rates. You can link your savings account and checking account for automatic transfers and overdraft protection. But there’s also another type of account that works like a hybrid of savings and… read more…
- What Is the Average Money Market Account Rate?
Money market accounts offer a unique way to save and spend your money. They act as a mix of a savings account and a checking account. This means you can earn interest on your money market account balance and easily access… read more…
- What Is a Savings Account?
When it comes to financial health, it isn’t just about making more and more money. No matter how much money you’re making, you need to be saving a significant chunk of your funds. This comes in handy in case of… read more…
- 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…
- Top 5 Reasons to Have an Emergency Fund
You’ve probably heard of an emergency fund, but do you have one? Most of the financially savvy people in this world have gotten good at budgeting for the every day predictable expenses. But what about the leaky roof that finally… 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…