Certificates of deposit (CDs) appeal to many savers and investors because they offer fixed returns with almost none of the potential risk factors associated with other types of investments. The Federal Deposit Insurance Corp. also insures CDs for up to $250,000. Certificates of deposit have grown in popularity in recent years as the Federal Reserve… Continue reading Minding Your Bank: Why You Have to Be Careful When Your CD Matures

Figuring out the best way to invest your money in stocks can be challenging, especially for novice investors. Many variables can affect your portfolio’s performance, and several factors are outside your control. One thing you can control is how your money will be managed. Using a robo-advisor has advantages, as does having an actively managed… Continue reading Why I Chose a Managed Investment Account Over a Robo-Advisor

There’s an adage that marriage is like a bank account: What you put in is what you get out, and you could lose interest over time. Flipping that script, your relationship with your bank is also a bit like a marriage. Your bank should be a trusted partner concerned about your financial well-being. If this… Continue reading Is It Time to Change Banks? Signs and Steps for a Smooth Transition

If you own a business, work in the gig economy, or are a sole proprietor, chances are you already have a business checking account. If not, here’s why you might consider opening one. Business checking accounts have sophisticated tools and solutions specifically designed to help you streamline essential business functions, such as expense tracking, invoicing,… Continue reading Unlock Financial Success: The Benefits of a Business Checking Account

Earning money on your savings used to be rather tricky since meager interest rates made gains minimal to negligible.  However, if you’ve been paying attention to interest rates on savings vehicles, you’ve likely noticed that they’ve ticked up as the Federal Reserve hiked interest rates to combat rising inflation. Chances are, you could be earning… Continue reading Earn the Best Interest Rates on Your Money Even If Rates Change

Parking extra cash into a savings account may seem like a secure way to safeguard your money, but there may be better options, especially if you don’t need to access the cash anytime soon. The good news is that savings account interest rates are up, but many big banks still offer meager interest rates that… Continue reading What Happens When a CD Reaches Maturity?

For small business owners and solo gig workers, the importance of having a dedicated business checking account can’t be overstated. Business checking accounts are crucial for tracking business income and expenses. They also keep business revenue separate from personal funds. MoneyRates created this guide on business checking accounts to provide an overview of the typical… Continue reading Best Business Checking Accounts of 2024

There are likely as many strategies for saving money as grains of sand on a Florida beach. However, some strategies may be more practical and easier to implement. Putting money into a certificate of deposit (CD) falls into this category, especially when you have additional liquidity that you don’t need to tap into immediately. Five-figure… Continue reading How Much Interest Does a CD Earn in a Year?

If you find yourself scrambling to complete your tax return in the final few weeks of the tax season, you’re not alone – millions of Americans wait until the last minute to complete their returns, the Internal Revenue Service reports. There are many reasons why it’s a good idea to complete your tax return early.… Continue reading Filing Taxes Last Minute? What You Need to Know