Banking

Pros and Cons of CD Investing
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Pros and Cons of CD Investing

Investing isn’t limited to stocks, bonds, and other financial securities traded in public markets. You can also earn money with minimal risk through certificate of deposit (CD) investing. While CDs may not be the most thrilling investment option, their safety and predictability make them appealing. Whether you’re a risky investor or a conservative one, consider […]

What is Inflation? How It Affect Your Purchasing Power
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What is Inflation? How It Affect Your Purchasing Power

No one desires a reduction in their income, yet in the face of inflation, many Americans find themselves compelled to accept just that. As Americans emerged from pandemic-related lockdowns with pent-up spending and a willingness to consume, inflation emerged as a significant threat to both household finances and the broader economy, a situation not seen […]

Best Bank Accounts for College Graduates
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Best Bank Accounts for College Graduates

As a recent college graduate, you’ve likely dedicated years to prepare yourself for the right career, armed with the knowledge and skills you’ve acquired. Now, as you transition into the working world, whether you’ve secured your first job or are still exploring opportunities, adept money management is crucial for long-term career success. Your checking account […]

How to manage with financial stress in difficult times
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How to manage with financial stress in difficult times

Struggling against persistent inflation and incomes that frequently lag behind rising expenses, numerous individuals find themselves grappling with financial strain as they strive to cover basic needs, safeguard their finances, and prepare for what lies ahead. Indeed, Bankrate’s 2024 Money and Mental Health Survey reveals that nearly half (47 percent) of adults acknowledge that money […]

Dealing with Financial Anxiety
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Dealing with Financial Anxiety

Many Americans are experiencing significant financial stress in today’s economic climate, and it’s understandable why: Persistent inflation and higher borrowing costs often lead to increased personal debt and difficulty saving for emergencies and retirement. If you’re struggling with money worries, you’re not alone. Nearly half of Americans (47 percent) report that financial concerns negatively impact […]

What is The Typical Savings Account Interest Rate?
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What is The Typical Savings Account Interest Rate?

The average savings account rate serves as a benchmark for the general interest-rate environment, but you shouldn’t settle for it. Instead, aim for an annual percentage yield (APY) significantly higher than the national average, such as those offered by high-yield savings accounts. Many high-yield savings accounts provide competitive returns with little to no minimum balance […]

All You Need to Know about Money Dysmorphia
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All You Need to Know about Money Dysmorphia

Keith feels like a financial failure. His Instagram feed is filled with images of influencers driving luxury cars and diving off yachts. Despite being a Gen Zer who earns a six-figure salary, has no outstanding debt, and plenty of disposable income, Keith feels poor after scrolling through social media. To soothe his feelings of insecurity […]

All You Need to Know about FDIC Insurance
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All You Need to Know about FDIC Insurance

Some of the largest bank failures in U.S. history occurred just last year. The one-year anniversaries of the failures of Silicon Valley Bank, Signature Bank, and First Republic in 2023 serve as strong reminders to review the deposit insurance for your bank accounts. If your bank is insured by the Federal Deposit Insurance Corporation (FDIC), […]

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