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
Money Market
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
Idle Savings Erode Your Wealth
Traditional savings accounts pay 0.41% on average while inflation runs at 2.4%. Here is how high yield savings accounts, money market accounts and other options can actually keep pace.
Austin Russell3 min read
NOW Accounts: Overview and History Explained
NOW accounts once let savers earn interest on everyday checking funds through a legal workaround. Here is why they vanished after 2011 and what replaced them.
Michele Mendoza4 min read
Are Money Market Accounts and Funds Really Safe
Money market accounts and money market funds sound alike but work very differently. One carries FDIC insurance up to $250,000, the other doesn't. Here's how to tell them apart.
John Graham4 min read