How To Calculate The Interest Rate For A Savings Account
The money you place in a savings account will produce an income known as interest. This gain is a percentage of your current balance and is listed, by the bank,...
Category "Savings"
Why A Savings Account Is Important
You may not know it yet, but your savings account is like your best friend: Treat it well during the good times, and during the tough times it will be...
Common Mistakes Made With Money
Budgeting for the short-term. Research suggests that creating an annual budget instead of a monthly one works best, largely because we feel less confident in our annual estimates, so we...
Why People Don’t Save Money
Poor Denis Diderot couldn’t help himself. The 16th century philosopher was given a beautiful scarlet dressing gown as a gift — a casual robe to wear around the house. Unfortunately,...
Where To Find The Best Savings Accounts
Low interest rates may be great for borrowers, but they’re terrible for savers. According to Bankrate.com, the average money market account pays just 0.46% in annual interest while the average...
How Much Do I Need to Save for Retirement?
While many people prioritize the need to save for retirement, they don’t always have an idea of their “magic number”— the amount of money needed for a successful transition from...
What Is A Certificate of Deposit?
Curious what a certificate of deposit is and how it compares to a savings account? Zions Capital Markets has a quick video to answer just that....
Selecting A Savings Account : 5 Tips
It is easy to become bewildered about the array of different savings accounts, but they remain one of the most beneficial and satisfying banking options. Benefits of a savings account...
Americans Need To Save More Money, Here’s Why
When it comes to saving, we aren’t doing enough of it. Roughly half of Americans are saving 5% or less of their incomes, including 18% that are not saving anything,...
Savings Accounts For Your Kids
You explained to your child how to save money. After taking your lessons to heart, your child has filled his piggy bank to the top! Now it’s time to find...
Savings Account Options
Not all savings accounts are the same. Different banks offer different interest rates. And individual banks typically offer a number of savings accounts options to choose from. Before opening a...