Bank banks don’t want your deposits. At least, that’s the conclusion I’ve drawn over the last year as savings account yields at Citibank, Wells Fargo, Bank of America, and other big banks have scarcely budged despite the most aggressive Federal…
Acme Lending denied Han’s application for a car loan due to a low credit score. Curious about his credit history, he requested a free copy of his credit report. He noticed several inaccuracies, including accounts that didn’t belong to him…
You were running around doing errands all weekend. From the field at your kid’s soccer game to the mall, it seems as though you covered every square inch of your town. You get home and check your pocket; your wallet…
If you’re shopping for your first house or supporting a relative who recently moved abroad, your first wire transfer looms in your near future. That almost certainly means you’re wondering what a wire transfer is. Relax — it’s not as…
Your kid’s first bank account should be a checking account. Some parents opt for a kid-friendly prepaid debit card instead, which isn’t technically a bank account but can perform the same basic functions. Your kid’s second bank account should be…
For those old enough to remember, the sudden failure of Silicon Valley Bank in March 2023 dredged up uneasy memories of the late-2000s financial crisis. Back then, the world’s biggest banks teetered on the brink of implosion, and ordinary people…
It can be expensive to own a dog. That adorable pooch needs a leash, water and food bowls, a crate, food, and toys. Then there are grooming and training costs and vet bills for vaccinations and spaying or neutering. The…
The Alliant Credit Union Teen Checking Account earns a spot on our list of the best bank accounts for kids for several reasons. For starters, it’s virtually fee-free. It can earn a decent yield on all balances. It has a…
Self-directed saving seems easy enough. You set a goal (say, a down payment for a new car), a dollar amount, and the date you’d like to reach the goal. You figure out how much of each paycheck to set aside…
If you’ve ever taken out a loan, used a credit card, or paid bank account fees, you’ve helped keep a bank in business. But those aren’t the only ways banks make money, and some of their revenue streams might surprise…
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