Since the Silicon Valley Bank implosion, a lot of people have begun to wonder if their money is truly safe in banks. Fortunately, there are systems in place to ensure bank failure doesn’t lead to the types of personal catastrophes we saw during the Great Depression.
The top online banks provide a good balance of high APYs, low fees, and reasonable minimum requirements. We have analyzed the offerings from countless online banks that are available nationwide to identify some of the best choices out there. Below, you can find detailed information about why we selected each institution, the advantages and disadvantages
Banks and credit unions have a fair amount in common. But they’re anything but interchangeable. Each has strengths and weaknesses you need to understand before you choose.
Have you ever wondered what banks do with all the money you and others give them? The short answer is pretty simple and probably not too surprising: Banks mostly use your money to make more money for themselves. But there’s more to that story.
As of the end of 2021, there were 4,844 insured commercial banks in the United States. We break these down by state and explain how this number got to where it is today.
