Recently, I’ve been looking to switch banks and find a new partner to support my banking needs. For now, I’m searching for a personal account, but eventually, I’ll need business banking solutions as well. Therefore, I need to weigh both the business and personal products offered by the banks I’m considering. Though I have not
A savings account is a deposit account that earns interest. Learn the different types of savings accounts, how they work, and how to open one here.
Americans’ personal savings have absolutely cratered since the middle of 2020. According to data from the Federal Reserve Bank of St. Louis, the dollar value of our collective piggy bank declined from nearly $5 trillion in the second quarter of 2020 to just $626 billion in the the third quarter, or $15,990.59 per person. And
Economic historians — and anyone who lived through it — will remember 2022 as a year of rapidly rising interest rates. From closely watched benchmarks like the federal funds rate to rates on mortgages, auto loans, and credit cards, the year ended with much higher rates than when it started. Even if you pay your
Big banks’ traditional savings account yields can be unimpressive. The good news is that many online banks, community banks, and credit unions offer high-yield savings accounts with better interest, terms, and incentives. Here are our top picks.
