Banking: Checking, Savings, CDs and More

Checking Accounts

The typical checking account is the bedrock for most household finances. It serves as the daily inflow and outflow portal for things like everyday purchases, paychecks, bills, and debt payments. While most checking accounts offer similar features, they are not all created equal.

Checking accounts are what banks refer to as "sticky products." They know once you have used them for a while, they are incredibly hard to change. This helps your bank keep you as a customer, even if you think about going somewhere else.

Below you will find the latest information about all things related to checking accounts. These articles and guides will help you make the best decision about where your most-used banking product should be kept, and how best to use it.

Savings Accounts

While not as flashy or feature packed as a checking account, savings accounts play a vital role in personal finance. They provide a convenient way to separate money from your daily funds, and in some cases may pay a little interest for the privilege.

Whether you're using them to store your emergency fund or a future down payment for a mortgage, savings accounts can be a powerful tool when used properly.

Certificate of Deposit (CD)

Considered one of the safest place to park cash, the certificate of deposit (or CD for short), is a great tool for holding money over a set period of time. CDs are FDIC insured up to $250,000, so savers can be sure their money will be there when they need it.

If you are struggling to get your financial house under control, you need a financial plan. Check out 6 Steps to Financial Freedom if you want some help.

Latest Articles About Checking, Savings and CDs