Whether it’s grocery shopping, getting a mortgage, or managing your money—doing things online is more convenient. Most major banks let you do some things with online banking or even mobile banking, but they generally still require you to turn up in person to open an account.
Find out how digital banking is disrupting the scene in major ways and how you can take advantage of no or low-fee financial products in 2021.
Surveys over the years have consistently shown that most Americans prefer to stick with their existing bank even when they know they are being charged too much.
So, you’ve decided to open an account with an online bank? Online banks offer many benefits over regular banks, including more convenience, lower fees, and no waiting in lines.
Until recently, using online banking services was an alternative to going to your good old brick-and-mortar bank. But nowadays, digital banking is the only way to go.
We began 2020 in a fairly healthy economy—stock market prices were high and unemployment rates were low. The COVID-19 crisis derailed financial security for millions of millennials and Gen Zers in a short span of time.
The stock market is up 13% year-to-date, house prices are high, and your friend is telling you to buy Bitcoin. With so many ways to invest money, is a savings account worth considering? We run the ruler over the pros and cons of opening an online savings account.
A savings account is a type of bank account that allows you to store your money in a safe place and earn interest. The rules and interest rates vary from bank to bank. Some savings accounts require a minimum balance, while others don’t have any requirements. The average APY, or annual percentage yield, for savings accounts is currently around 0.10%. Top online banks promise APYs as high as 2.25%.
Millions of Americans are set to receive a stimulus check of up to $1,200 in the wake of COVID-19. Find out who’s eligible, for how much, and the best way to manage your relief money.
According to a recent survey, most Americans stated that online banking assisted them in managing their finances during the pandemic. Will this trend lead to a digital revolution?
While the 2008 financial crisis has deteriorated Americans’ trust in banks to a record low, COVID-19 may actually be a turning point for the good.
The bank branch as we know it could soon become a relic of the recent past, like the telephone box and Rolodex. That’s because people in their twenties and mid-thirties are embracing digital banking more quickly than their older counterparts.
So, you’re setting up a new business, and there are plenty of exciting decisions to make. What should you name your company? How many employees should you hire? Do you need a website? Although questions relating to your business checking account may not be as exciting, choosing the right banking product could play a vital role in ensuring your day-to-day operations run as smoothly as possible.
We gathered four leading personal finance professionals to discuss the state of the economy, how it affects American households and what you can do to keep your head above water during this high tide.
Certificates of Deposit (CDs) and Money Market Accounts (MMAs) can be excellent options for those looking to earn more interest on their savings. However, in order to know which product is right for you, it’s important to learn about the pros and cons of each, as well as any possible strings it may come attached to.
Money market accounts are savings deposit accounts that are offered by many different banks, credit unions, and other financial institutions. They are a popular option if you want to make the most of your savings, offering savers a way to enjoy higher interest rates without giving up on easy access to funds.
If you're looking to save your money, you should consider using a Certificate of Deposit, or CD account. CDs are increasingly popular and for good reason. They are savings funds that promise a higher, fixed rate of interest, in exchange for locking your money away for specific amounts of time. Here’s everything you need to know about choosing a CD.