Personal Finance Tips & Money Management
That Will Change The Way You Think
If you’re searching for the best bank, you have a dizzying number of choices. The growth of online and mobile banking means there are more ways than ever to do your banking on your own time and terms — not your bank’s. According to the Federal Deposit Insurance Corporation, FDIC-insured banks lost about 4.8% of […]
For most investors, a simple buy-and-hold portfolio of index funds is the way to go. The majority of my own portfolio, which I’ve been managing for nearly 10 years now, is in stable and diversified investments like these. But I’m also a bit of an adrenaline junkie and geek-out on investment research, so I enjoy […]
The best mortgage rates are still at historic lows. According to the St. Louis Federal Reserve, average 30 year fixed mortgage rates are still under 4%. With these rates, home ownership has never been more attainable. Low mortgage rates are only one aspect of choosing a lender, but finding the best rates is the first […]
Looking for places to grow your money without much risk is difficult these days, but finding the best savings account might be a good place to start. Although your money will be safe there, the average American is hardly capitalizing getting rich on rates today. A great place to start looking for better savings accounts […]
The best money market accounts (MMAs) can be a great low-risk investment for building that emergency fund or storing extra cash. They offer better interest rates than personal savings accounts but are more liquid than certificates of deposit (CDs). The best strategy to start your search by using an online tool like the one below. […]
Glass-Steagall refers to four sections of the Banking Act of 1933, which were set to remedy the absolute power of the financial sector by creating a firewall between commercial and investment banking. Until the 1970s, Glass-Steagall was pretty much the law of the land. In theory, by taking Wall Street out of the equation, banks couldn’t […]
Free checking accounts used to be commonplace, but as banking has grown more sophisticated it’s also gotten more expensive. The Internet, though, has made it easy for banks to offer a free checking account to almost anyone who qualifies. However, the government mandates that a checking account can’t be marketed as “free” if the consumer could […]
The first thing you should ask yourself before searching for the best CD rates is how long you’re OK being without your money. Maybe you’re looking for a way to boost your vacation fund over the next six months. Or perhaps your child is four years shy of college, and you want to maximize savings. […]
If you need a new checking account, banks from coast to coast are offering attractive promotional bonuses to lure your business. A bank checking account bonus usually consists of cash deposited into your account after you open a new account and meet certain criteria within a specified timeframe, including making a minimum deposit, setting up […]