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Here’s everything savers need to know about APY You’ve probably seen the letters “APY” while shopping around for a new checking, savings or CD account. What does it mean? APY is the acronym for annual percentage yield and is a percentage…

What a Biden presidency means for your money, taxes and the economy The U.S. presidency is set for a tidal shift come January 2021, when former Vice President Joe Biden succeeds President Donald Trump after a Saturday projection showed he…

5 smart ways to bank with your smartphone The vast majority of Americans own smartphones. There’s no wonder then that mobile banking is popular as well. That popularity means you have a lot of mobile banking options to choose from and each…

Should I ladder to beat low CD rates? Certificates of deposit (CDs) can be a great way to earn a higher interest rate on the money that you have deposited at a bank. However, opening a CD usually means committing to locking up your money at…

Failed credit unions list: 2012-2020 National Credit Union Administration (NCUA) credit unions have only had two conservatorships/liquidations in 2020.This is fewer than the number of Federal Deposit Insurance Corp. (FDIC) bank failures…

CD rates are low. Here’s how to make the most out of them Investing in certificates of deposit is typically an excellent way to boost your savings without taking on risk. CDs tend to offer higher interest rates than savings accounts in…

The Federal Reserve’s board of governors, explained — who’s on it and what they do Every governing body has a leader — and for the Federal Reserve, that’s where the board of governors comes in.The board of governors, located in Washington,…

Here’s everything you need to know about ACH payments While ACH might never enter your daily conversations, the acronym is probably an essential piece of your well-being. Why? Because the Automated Clearing House – that’s the name behind…

What is the available balance in your bank account? When you look at your bank account through an online portal, you may see two different balances for the account: the current balance and the available balance.The current balance of your…

Biden’s $15 minimum wage plan — here’s who it might help and hurt Low-wage workers could see a boost to their pay for the first time since 2009, if former Vice President Joe Biden has his way.The president-elect pledged in the run up to the…