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 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
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 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
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