Banking

Banks Editorial Team

August 16th, 2019

Money Market vs Savings Accounts: Are Your Funds FDIC Insured?

When deciding where to put yours savings, it is imperative you understand the difference between money market vs savings accounts. You may consider placing some of your available cash into a money market fund, but do you really understand what’s different between a money market vs savings account? The first thing you should understand is […]

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Banks Editorial Team

August 15th, 2019

How Money Market Rates Interact with the Federal Reserve

Money Market Rates and the Federal Reserve How money market rates interact with the federal reserve is an the intricate process. The Federal Reserve Rate, also commonly referred to as the Federal Fund Rate, is what one bank charges another bank when they lend money overnight from their reserve funds. Federal law says that banks […]

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Banks Editorial Team

August 14th, 2019

Using A High Yield Savings Account to Explain Compound Interest

Traditional vs High Yield Savings Account When your children place their money into a high yield savings account, they may be surprised at how quickly their money will grow. While teaching your children about the value of saving money may be easy, teaching them about compound interest may not be as simple. This process can help […]

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Banks Editorial Team

August 13th, 2019

Guide to the 5 Best Online Savings Accounts – August 2019

5 Best Online Savings Accounts The best online savings accounts need to be effective at securing your money, but they can also bring other benefits to the table. When comparing potential online saving accounts, it helps to pay attention to that special something that each company has going for it. That way, you can ask […]

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Banks Editorial Team

August 12th, 2019

What Makes a Great High Interest Savings Account Apart from the Rate?

Do you know what’s Important about a high interest savings account apart from the interest rate? When reviewing the sea of options to open a high interest savings account many banks only advertise their rate of return. Which can lead many of us to believe that other than the interest rate, all savings accounts are […]

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Banks Editorial Team

August 9th, 2019

The 3 Best Savings Accounts with Great Rates and Benefits

One of the most basic ways to evaluate savings accounts from different banks is to simply compare the rate of return — i.e. how much will each institution pay you for the privilege of holding your money? However, getting the highest rate of return won’t be much of a benefit if the account comes with […]

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Banks Editorial Team

August 8th, 2019

Top 5 Best Banks for Checking Accounts – August 2019

Best Banks for Checking Accounts Banks that offer the best checking accounts over-deliver in two main categories: flexibility and income. Flexibility (sometimes also referred to as liquidity) is the ease with which you can access your money and usually comes in the form of the ability to write checks or use a debit card linked […]

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Banks Editorial Team

August 7th, 2019

Top 10 Best Checking Accounts for College Students

Top 10 Best Checking Accounts for College Students Finding the right account among best checking accounts out there for college students can be challenging. There are numerous factors which must be considered including what fees are charged, whether the account offers easy access and whether the account has a well-developed mobile application. The following 10 […]

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Banks Editorial Team

August 6th, 2019

Should I Open a Checking Account Online for my College-Aged Child?

Should you open a checking account online for you college-aged kid? Learning about money management should start well before a child reaches college. While some banks do offer teen checking accounts, many teens are not working enough hours to warrant having a checking account. However, college age students today are more than likely to be working […]

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Banks Editorial Team

August 5th, 2019

How Banks Make Money off a Free Checking Account

How can banks afford to let millions of customers open a free checking account? Some services, such as interest checking and reward checking accounts, can even earn you some extra money from interest. If you don’t know the business model of banks, you may be wondering if they’re seeing any profit on their end. While […]

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