Savings Accounts

Banks Editorial Team

November 19th, 2018

What Savings Account Is Best For You?

Are you looking for what savings account is best for you? Is interest rate driving your choice of savings account? Are you thinking of saving for a short-term goal? Do you want to teach your child how to start saving? Depending on what you want, there are about three types of savings account which most […]

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Banks Editorial Team

November 19th, 2018

Are Money Market Accounts A Good Investment?

Many financial experts consider money market accounts a good investment. If you are looking to earn more interest than what your savings account provides, a money-market account may be right for you. Money market accounts are a good investment if you want a safe way to grow your money and can afford to maintain a […]

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Banks Editorial Team

November 16th, 2018

What Are The Different Types Of College Savings Accounts?

Three types of college savings accounts are the 529 Plans (Prepaid Tuition Plans & Education Savings Plans), Educational Savings Accounts (ESAs/Coverdell accounts), and Custodial accounts (UGMA/UTMA). 529 plans and Education Savings Accounts (sometimes referred to as ESAs or Coverdell accounts) are saving plans that American parents can use to help finance their children’s college education. […]

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Banks Editorial Team

November 15th, 2018

Money Market Accounts Pros and Cons

What are the various Money Market Accounts pros and cons? Money Market Accounts offer multiple benefits to its account holders ranging from higher interest rates to being backed by the Federal Deposit Insurance Company (FDIC) or the National Credit Union Administration (NCUA) as the case may be. While the combination of possibilities they offer seem […]

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Banks Editorial Team

November 14th, 2018

Are There Any Tax Free Savings Accounts?

Tax-free savings accounts (TFSAs) are the best way for individuals to save towards their financial goals. The capital gains and investment income earned from TFSAs are usually free from tax. As a result, it gets easier to save money for short-term and long-term goals. In addition, these accounts complement other saving plans such as Registered […]

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Banks Editorial Team

November 14th, 2018

Savings Account For Children: Things to Consider

What is the best savings account for children? This is a common question that every parent asks whenever they are planning for their children’s future. While savings account helps parents to save for the child’s futures, a savings account is usually the first step of guiding the child towards financial literacy. Apart from the resulting […]

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Banks Editorial Team

November 11th, 2018

Best Savings Accounts Of 2018

The 5 best savings accounts of 2018 are Marcus by Goldman Sachs, FNBO Direct, Ally Bank, CIT premier high yield, and Synchrony high yield. These accounts offer APYs between 1.90% and 2.15%, with all having great online services and low fees.     The Best Savings Accounts of 2018 and Why In today’s world, people […]

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Banks Editorial Team

November 9th, 2018

What Is A Money Market Account?

What is a money market account? A money market account is an interest-bearing account designed to provide significantly higher returns compared to the standard savings account, while also making it possible for the account holders to access and transact with such account like it were a checking account. Simply put, a money market account was […]

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Banks Editorial Team

November 9th, 2018

Best Money Market Accounts Of 2018

This list provides five of the best money market accounts of 2018 with the highest rates based on the purpose of the account and the minimum deposit required. It includes the best money market account for small balances, the best money market account for balances of over $25,000, the best money market account for high […]

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Banks Editorial Team

December 20th, 2017

Save Your Money Effortlessly With These Secret Saving Tips

Discussing saving tips is not something you may want to use as dinner talk… Most times, when we think of saving money, we think of mundane tasks like rerouting our work-pay through direct deposit or setting aside a percentage of our bonus to go right into our bank accounts. Seems like a pretty boring topic, doesn’t […]

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