Savings Accounts With High Interest Rates Today
The gap between a standard savings account and a high yield one often comes down to a handful of details banks do not advertise. Here is how to compare them…
John Graham6 min read
Banking
John Graham6 min read
Best Savings Accounts Rates to Watch This Week
Online banks and credit unions consistently beat traditional banks on savings rates, but the highest APY isn't always the best deal once fees and access are factored in.
Michele Mendoza6 min read
Checking vs Savings Accounts: Which One Should You Choose
Checking and savings accounts serve different jobs: one moves your money, the other grows it. Here is how to split your cash between them without losing interest or paying fees.
Michele Mendoza4 min read
Transactions News Update
What actually happens between swiping your card and seeing the charge post? Here is how transactions move through the banking system, and how to keep track of them.
Michele Mendoza4 min read
Transactional Account: What It Is and How It Works
A transactional account is where everyday money lives, paychecks in, bills out. Here is how they work, what they cost, and how to pick the right one.
John Graham5 min read
Are Money Market Accounts FDIC Insured? What to Know
Money market accounts at FDIC member banks are insured up to $250,000, but money market mutual funds sold through brokerages carry no such protection. Here is how to tell the…
Michele Mendoza6 min read
FDIC Insured Money Market Accounts: What Savers Should Know
Money market accounts and money market funds sound alike but carry very different protection. Here is how FDIC coverage actually works, what it costs, and how to compare your options.
Michele Mendoza6 min read
Savings Account Explained: What It Is and How It Works
Savings accounts offer safety and easy access, but rates vary widely between banks. Here's how they work, what they cost, and how to find one that actually pays.
Austin Russell6 min read
Money Market Fund vs MMA vs Savings Account: Key Differences Explained
Money market funds, money market accounts and savings accounts all hold cash safely, but they differ sharply on insurance, fees and rates. Here is how to tell which one fits…
John Graham6 min read
SoFi Savings Accounts: Are They the Best Choice for Growing Your Money?
SoFi's savings account can pay up to 3.10% APY, but only if you meet its direct deposit rule. Here's how the rates, fees, and bonuses actually work.
John Graham6 min read
Employee Contribution Plan Explained: Meaning, Design and Popularity
Employee contribution plans let workers fund their own retirement through paycheck deferrals, often matched by employers. Here's how they work, how they differ from pensions, and why participation keeps rising.
Michele Mendoza4 min read
Hot Money: What It Means and Why It Matters
Hot money chases the best short term rates across borders and banks alike. See how China lost hundreds of billions in capital flight, and what it means for savers eyeing…
Austin Russell3 min read
Thrift Savings Plan (TSP): How Does It Work for Federal Employees?
Federal employees get access to one of the most generous retirement plans around. Here's how TSP contribution limits, matching, and fund choices compare heading into 2025.
Michele Mendoza4 min read
JIBAR Explained: What Is the Johannesburg Interbank Average Rate
JIBAR sets the pace for South African borrowing costs, from loans to certificates of deposit to futures contracts. Here's how the daily rate gets calculated and why it matters.
Austin Russell4 min read
Best Free Savings Accounts for June 2026: Rates up to 4.40%
Pibank currently leads free savings accounts at 4.40% APY, with no fees or minimum balance. Here is how the top payers compare and what could change soon.
Michele Mendoza5 min read
Best Kids and Teen Savings Accounts for June 2026
Spectra Credit Union pays 10.38% APY on kids savings, but only on the first $1,000. Here is how the top youth savings rates compare and what the balance caps mean…
Austin Russell6 min read
What Is a Transaction? Definition, How It Works and Example
What separates a checking account from a CD is really about access. Here is how transaction deposits work, what banks can restrict, and how they stack up against savings and…
Austin Russell3 min read
Money Market Account vs Savings Account: Which Should You Choose?
Money market accounts often pay more interest than savings accounts and add check writing, but they demand higher minimum balances. Here is how the two compare on rates, fees and…
John Graham5 min read
Federal Reserve Regulation D: Withdrawal Limits Explained
Regulation D used to cap monthly withdrawals from savings and money market accounts at six, but the Fed suspended that rule in 2020. Here is what still applies today.
John Graham3 min read
Savings Club Explained: What It Is and How It Works
Savings clubs lock your money away for a set goal like holidays or vacations, often with penalties for early withdrawal. Here's how they compare to savings accounts and CDs.
Michele Mendoza5 min read
Savings Account Interest Taxation: What to Know
Savings account interest is taxable no matter how small the amount. Here's how the IRS taxes your earnings, what stays untaxed, and which accounts can soften the hit.
Austin Russell4 min read
Sweep Accounts Explained: Types, Benefits and How They Work
Idle cash earns nothing. A sweep account fixes that by automatically shifting extra funds into higher yielding options each night, but fees can quietly cancel out the gains.
Austin Russell4 min read
Bankrate Monitor Index Tracks Key Financial Trends
A look at how the Bankrate Monitor Index began in 1976 as a simple rate tracker and grew into Bankrate.com, now a major source for comparing savings, CD and mortgage…
Austin Russell3 min read
Linked Savings Accounts Explained: Benefits and FAQs
Linked savings accounts make transfers between checking and savings automatic and fast, but the convenience can carry hidden fees. Here's how they work and what to watch for.
Michele Mendoza3 min read