As more people embrace the convenience of cashlessness, tech companies have made it easier to send and receive money instantaneously online. One of these services, Cash App, has been increasing in popularity and offers some unique functions compared with other money transfer options. Below, you can find out what Cash App Money Transfer is and… Read More →
When it comes to banking, you now have more choices than ever before: You might store your money at a traditional brick-and-mortar bank, a credit union, or an online- or mobile-only bank. With all that competition, you can afford to be picky — but some financial institutions are hoping you don’t know that. In this… Read More →
Zelle is a money-transfer service that’s tied directly to your bank account and mobile phone number. You can use Zelle as a stand-alone app, but it’s also a protocol built into just about every major banking app in the United States. However, Zelle does not work internationally. If you’re tired of entrusting third-party apps with… Read More →
CDs are great investments for those who are looking to keep their money safe. Funds can be FDIC-insured, and you will earn more interest than you would from a savings account. However, CDs are designed to be longer-term investments. Banks issue CDs for a set amount of money and a set amount of time. Some… Read More →
Cash management accounts and high-yield savings accounts are both great options if you are looking to earn high interest on your cash in the short term. Their APYs usually fall within the range of 1.00-2.00%, which is lower than what can you make over the long term in a retirement or investment account, but much… Read More →
With the current economical trend, locking money up through a CD account is definitely a safe bet. Although this process can seem daunting and intimidating, you will be able to earn some of the best rates available on the market. However, before jumping into a new account and rate, first, we need to understand why… Read More →
Overdraft fees are charges you receive from your bank or credit union when it covers a payment, electronic transfer or withdrawal you’ve made that exceeds the amount of funds available in your checking account. These fees can really add up in you do not keep track of your finances, but in this fee we will… Read More →
Saving is the first step to building wealth. But you’ll likely never get rich just from saving. You also need to put your savings to work, which is to say you need to invest. When people talk about investing, stocks are usually what come to mind, but, of course, you can also invest in real… Read More →
Starting a savings account for your kids can be a key starting point for them financially. Not only can it help them get a start their banking future, but can show them the importance of money. Below, you can find out the Best Savings Accounts for Kids Why Kids Need Saving Accounts Establishing the importance… Read More →
ChexSystems is a check verification service and consumer credit reporting agency owned by the eFunds subsidiary of Fidelity National Information Services. It provides information about the use of deposit accounts by consumers and is used by approximately 80% of all financial institutions. It provides information regarding new account openings and reveals the following red flags:… Read More →
A certificate of deposit, or CD, is a time-deposit offered by banks. While these accounts can be a part of a sound financial planning strategy, they aren’t the best choice for long-term investments. Here’s what you should know about CDs, and what to do when your CD matures. On the day that a CD term… Read More →
Based in Southern California, CIT Bank is an online bank from the CIT Group Inc., a financial holding company with over 100 years in the industry. Because they operate solely online, they save money on operating costs and offers customers higher interest rates and lower fees. CIT Bank only offers saving products. So these products… Read More →
The traditional certificate of deposit account is the most popular type of CD. But it’s far from being the only option available to consumers looking for a safe place to park their cash. Financial institutions offer a variety of non-traditional CD products. These specialized CDs can give savers more flexibility when interest rates are falling, provide early access… Read More →
If you’re new to internet banking, you might be excited to save time by banking from your computer or cell phone. More and more people are ditching traditional banks and moving to online-only banks so they can bank exclusively on their mobile phones, tablets, and computers and reap other benefits. The number of online-only banks is… Read More →
When it comes to finances, knowing the difference between APR vs APY is very important. These two rates are very different, and will play a major role if you are borrowing money or making an investment. If you are wondering what the difference between APR vs APY is, keep reading to learn everything you need… Read More →
