Savings

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How Lower Fed Funds Rate Affects Savings Rates

What are Fed’s funds rates?  The Federal funds rate is a specific number, or rate, set by the Federal Open Market Committee (FOMC), which is…

What Happened to INGDirect.com?

While INGDirect.com was not the first business in the U.S. to offer direct online banking, it offered one of the earliest simple online savings a…

U.S. Savings Rate Hits Record High of 33%: Will This Trend Continue?

Americans haven’t always been the best at saving money. Although that’s been the case for a long time, COVID-19 is changing it. Accor…

CD vs High Yield Savings Account

Points of Interest CDs and high-yield savings accounts both offer a way for people to use their money to make an additional return, but there are…

What Is a Money Market Account?

Point of Interest A money market account is an interest-bearing account that combines the best parts of savings accounts and checking accounts in…

Smart Money Moves to Make With Your Tax Refund

Point of Interest If handled wisely, a refund can be an early-year boon for consumers looking to invest or pay off high-interest debt. An income…