Savings

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Personal Finance 101: Here’s Where to Start

Point of Interest Getting started with personal finances isn’t complicated — but you’ll need a solid plan and some key tools to get headed down t…

How to Calculate Interest on a Money Market Account

It really doesn’t make much difference whether your interest is compounded daily, monthly or quarterly.

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…