Savings Accounts

Understanding Savings Accounts

  As a money management tool, a savings account is one of the essentials—a fundamental part of your financial toolbox. Chances are you have one already, but it’s a good idea to review the basics periodically. Understanding savings accounts can help you use them more effectively to meet your savings goals. Savings accounts at a […]

Savings Accounts

Beyond the Piggy Bank: Best Children’s Savings Accounts

  Ah, saving. It’s probably the most important money lesson kids can learn. So you’ve taught them to set some of their allowance aside, and now the piggy bank is full. Here are some answers to questions you may have about taking the next step and opening an online savings account for your child. What […]

Savings Accounts

The Thing About “High Interest” Savings Accounts

  Although it sounds attractive, the term “high interest” can be misleading. While you shop around for the best rate, it can be hard to keep your facts straight. Here’s what you can expect from so-called “high interest” savings accounts—and an option that may be a better fit for your funds. What is a “high […]

Savings Accounts

How to Open a New Online Savings Account

Here’s something you can check off your to-do list in just a few minutes: open a new online savings account. An online savings account is a secure way to manage and access your money—while you earn interest. And opening one couldn’t be easier. 1. Choose a reputable online bank Virtually all online banks offer some […]

Savings Accounts

Money Market Accounts vs. Savings Accounts

First of all, be proud of yourself—your money-savvy habits have paid off and now you have some savings to set aside. You have plenty of choices when it comes to managing that hard-earned cash. Two of the most common places to deposit your savings are money market accounts and savings accounts. While these two types of […]

Savings Accounts

CDs vs. Savings Accounts: Understanding the Difference

You already know that saving money is critical to meeting your financial goals, but choosing the right type of bank account is just as important. Although there are many kinds of accounts, two of the most common ways to save are certificates of deposit (CDs) and savings accounts. Understanding the key features of each type of […]

Savings Accounts

Online Savings Accounts: 5 Tips for Making the Most of Your Savings

  You already manage so much of your life online, it just makes sense to manage your finances online, too. An online savings account can be a great way to save money and make progress toward your financial goals. Take a look at these 5 tips for making the most of your savings.   1. […]

IRA

What Is a Traditional IRA and Why You Should Open One Now Rather Than Later

You may think saving for retirement only benefits you in the long run. However, a traditional IRA (individual retirement account) is a savings tool that offers tax benefits now while you save for retirement later. For the most part, all you need is taxable income and you can open an IRA at a brokerage firm […]

IRA

What Is a Roth IRA? Get to Know This Retirement Savings Option

You’ve heard about Roth IRAs, but do you have a nagging feeling you need to learn more? Roth IRAs are some of the most valuable retirement savings tools available—especially if you start contributing early. Here’s what you need to know. Roth IRAs can help you save for retirement. IRAs (individual retirement accounts) in general are […]

IRA

What Is an IRA? 8 Things to Know Before You Open an Account

IRA stands for individual retirement account and that’s exactly what it is—an account that allows you to set aside money for retirement. Whether you’re putting together a new retirement plan or reevaluating the one you’ve got, it pays to consider how IRAs can factor into your overall strategy. Here are a few things to know […]