Savings Accounts

Beware of Regional Rate Differences

Richard Barrington | Posted 04.24.2012

Read More: Personal Finance, Interest Rates, Banks, Savings Accounts, Money Market Accounts, Deposit Rates, Cds, Money, Deposits, Online Banks, Money News
Richard Barrington

Regional and community banks are often recommended as a solution to the low interest rates offered by large banks -- and for good reason. Unfortunately, the viability of this solution may depend on where you live.

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America's Best Rates 2012 Q1: A Rate Hunter's Guide

Richard Barrington | Posted 04.19.2012

Read More: Savings Accounts, Banks, Personal Finance, Money Market Rates, Apy, Money Markets, Business News
Richard Barrington

With bank rates falling, where should you look to find the most competitive rates? The banks on the above top 10 lists are great places to start, but you should always do some comparison shopping before you make a final decision.

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Stocks Show a Fear of Judgment Day

Richard Barrington | Posted 04.18.2012

Read More: Wall Street, Personal Finance, Economy, Money, Savings Accounts, Stocks, S & P, Stock Market, Investing, Business News
Richard Barrington

What will be the ripple effects of a setback in stocks? As stock prices have fallen, they've pulled 10-year bond yields back below 2 percent. That's a discouraging sign for CDs, savings accounts and money market accounts

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Retirements Survey Finds Many Tripping Over Financial Hurdles

Richard Barrington | Posted 04.10.2012

Read More: Money, Retirement, Employment, Savings Accounts, Jobs, Personal Finance, Retirement Money, Employee Benefit Research Institute, Retirement Debt, Retirement Savings, Money News
Richard Barrington

Retirement confidence has taken a beating in recent years. One of the root causes suggested by the survey results is that the difficulty of meeting short-term goals might be so great that people never get around to focusing on long-term goals.

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10 Biggest Money Misconceptions

Grant Cardone | Posted 04.04.2012

Read More: Dave Ramsey, Investment Accounts, Finance Tips, Tips on Money, Money, Savings Accounts, Suze Orman, Create Income, Grant Cardone, Save Money, Financial Planning, Finances, Financial Advice, Money News
Grant Cardone

Help yourself out so you are in a position to help someone else out.

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Seven Ways to Straighten Your Boomerang Child

Richard Barrington | Posted 04.03.2012

Read More: Personal Finance, Boomerang Generation, Unemployment, Young Adults, Retirement, Savings Accounts, Budget, Moving in With Parents, College Graduates, Parents News
Richard Barrington

Most parents are more than willing to make sacrifices for their children, and will make accommodations for them when they are in need. However, when young adults return home, it shouldn't be to experience a second childhood.

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Road Rage: The Truth About Gasoline Prices

Richard Barrington | Posted 04.02.2012

Read More: Personal Finance, Gas Prices, Barack Obama, Economy, Oil, Interest Rates, Savings Accounts, Oil Prices, Business News
Richard Barrington

While the backlash is inevitable, it raises a key question: How much control does the president really have over oil and gasoline prices? How people perceive the answer to that question could well decide the results of the next election.

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What Is a Roth IRA? A Short and Simple Guide

J.D. Roth | Posted 05.28.2012

Read More: Personal Finance, Roth IRA, Retirement, Traditional IRA, Investments, Certificates of Deposit, Tax Break, Money, 401k, Taxes, Penalty, Banks, Credit Unions, Savings Accounts, Income, Money News
J.D. Roth

Even if you don't have a retirement plan through your job, you can still save for the future. One of the best ways to do so is through a Roth IRA.

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How To Save For A Rainy Day

Emily Cohn | Posted 03.06.2012

Read More: Rainy Day Funds, Checking Account, Emergency Savings, Bank Accounts, Savings Accounts, A Dollar a Day, Automatic Transfers, Poll, Saving for a Rainy Day, Money News

Welcome to A Dollar A Day, where every day we'll dish out creative and quirky ways to save on your living expenses. We know it's tough to save, es...

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Advancing Consumers' Interests

Richard Cordray | Posted 04.30.2012

Read More: Rainy Day Funds, Checking Account, Consumer Complaints, Consumer Financial Protection Bureau, Checking, Savings Accounts, Mortgage Crisis, Banking, Credit Cards, Money News
Richard Cordray

We have heard story after story of consumers being hit with fees they did not expect and do not understand. We take these complaints very seriously.

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Payroll Tax Deal Sets Tone for Election-Year Finances

Richard Barrington | Posted 04.29.2012

Read More: Personal Finance, Payroll Tax Deal, Democrats, Republicans, Election, Money, Unemployment Benefits, Social Security, Stimulus Dependency, Interest Rates, Federal Reserve, Savings Accounts, Cds, Money Market Accounts, Business News
Richard Barrington

The move to extend unemployment benefit comes at a time when job growth is improving. It targets special relief for high unemployment states, but given the disparity of unemployment rates among states, shouldn't people be encouraged to move to where the jobs are?

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5 Pieces of Banking Wisdom to Ignore

Richard Barrington | Posted 04.24.2012

Read More: Personal Finance, Money, Banking, Savings Accounts, Cds, Debit Cards, Bank Fees, Overdraft Protection, Checking, Credit Cards, Business News
Richard Barrington

There are many useful rules in personal finance that can help you successfully manage your money. But it's also useful to know when those rules can be broken.

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Initial GDP Estimate: Hope for Interest Rates?

Richard Barrington | Posted 04.03.2012

Read More: Personal Finance, Gdp, Economy, Federal Reserve, Interest Rates, Savings Accounts, Business News
Richard Barrington

The initial estimate released Friday for fourth-quarter GDP hinted at something long missing from the U.S. economy: positive momentum. But can it be sustained?

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2011: The Year of Buck-Passing

Richard Barrington | Posted 03.05.2012

Read More: Personal Finance, Savings Accounts, Interest Rates, Congress, Debt, Deficit, President Obama, George Papandreou, Federal Reserve, Money Market Rates, CD Rates, Business News
Richard Barrington

Looking back, 2011 may be remembered as the year that world leaders passed the buck. And much to the chagrin of people with savings accounts< and other interest-bearing deposits, this flurry of buck-passing may have doomed them to another year of low interest rates.

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When Banks Compete, Could Savings Account Win?

Richard Barrington | Posted 02.05.2012

Read More: Personal Finance, Banks, Economy, Loans, Savings Accounts, Interest Rates, Cds, Money Market Accounts, Business News
Richard Barrington

If this new spirit of competitiveness among banks leads them to expand the loan market, it could stimulate the economy and eventually lead to higher interest rates on savings accounts, CDs, and money market accounts.

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Better Than a Red Ryder BB Gun: 5 Gifts for World Leaders

Richard Barrington | Posted 01.31.2012

Read More: Taxes, Debt, John Boehner, Economy, Bailouts, Angela Merkel, Savings Accounts, Warren Buffett, Personal Finance, Ben Bernanke, Interest Rates, Income, Barack Obama, Business News
Richard Barrington

As 2011 closes, world leaders could surely use a few gifts. Here are five presents that, if delivered, would probably be their all-time best -- regardless of whether they ever found a BB gun under the tree.

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Mixed Messages: Debt Falls Alongside Savings Rates

Richard Barrington | Posted 01.17.2012

Read More: Personal Finance, Debt, Savings Rates, Interest Rates, Savings Accounts, Federal Reserve, Retirement, Richard Barrington, Business News
Richard Barrington

Since debt and savings are opposites, you wouldn't expect them to move in the same direction at the same time. However, recent statistics indicate that as America's debt has shrunk, so too have America's savings rates.

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Making Bank Transfer Day Work for You

Richard Barrington | Posted 01.02.2012

Read More: Bank Transfer Day, November 5th, Bank Fees, Fdic, Credit Union, Checking Accounts, Savings Accounts, Money Market Accounts, Interest Rates, Cds, Business News
Richard Barrington

As a consumer you have the right to look for free checking accounts, and the highest interest rates on CDs, savings accounts and money market accounts. Don't limit your choices to credit unions.

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4 Signs of a Shrinking Bank

Richard Barrington | Posted 01.02.2012

Read More: Bank, Savings Accounts, Money Market Rates, Checking Accounts, Fees, Service Reductions, Bank of America, Personal Finance, Business News
Richard Barrington

According to SNL Financial, JP Morgan has just beaten out Bank of America as the largest U.S. bank in terms of assets. That means Bank of America's strategy is working out just as they planned.

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Were Savings Account Rates Any Lower in the 1930s?

Richard Barrington | Posted 12.26.2011

Read More: Inflation, Finance, Economy, Savings Accounts, Banks, Interest Rates, Recession, Business News
Richard Barrington

Could conditions for interest rates on savings accounts get any worse today than they were in the 1930s? If you factor in both interest rates and inflation, they already are.

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12 Free Checking Accounts for Baby Boomers

Richard Barrington | Posted 12.25.2011

Read More: Savings Accounts, Banks, Baby Boomers, Checking Accounts, Bank Fees, Seniors, Personal Finance Tips, Wealth Management, Personal Finance Boomers, Personal Finance Tips Boomers, Personal Finance, Fifty News
Richard Barrington

At a time when the free checking account is practically an endangered species, having special access to free checking is a valuable benefit.

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The Psychology of Saving (Especially When You're Broke)

Patrice Peyret | Posted 11.19.2011

Read More: Savings Accounts, Underbanked, Saving Money, Personal Finance, Credit Unions, How to Save Money, Business News
Patrice Peyret

What's needed are new options that help lower-income earners nudge themselves in the right direction by making it a subconscious habit to tuck money away.

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4 Things Mike Tyson Can Teach You About Savings Accounts

Richard Barrington | Posted 11.09.2011

Read More: Savings Accounts, Personal Finance, Investment Portfolios, Bankruptcy, Wealth, Personal Finance Advice, Personal Finance Tips, Wealth Management, Business News
Richard Barrington

Mike Tyson was once heavyweight champion, and perhaps the most feared boxer in the sport's history. Within two decades of his prime, though, he was filing for bankruptcy.

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Healthy Lifestyles Need Healthy Savings Accounts

Richard Barrington | Posted 11.06.2011

Read More: Savings Accounts, Retirement, Saving Money, Saving for Retirement, Retirement Saving, Retirement Advice, Saving Advice, Retirement Savings, Business News
Richard Barrington

There actually is a relationship between a person's physical health and their financial needs, and it's not what you might think. While getting sick can be costly, it turns out that being healthy may be even more expensive.

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Ask the Expert: Does the Debt Ceiling Debate Threaten Deposit Insurance?

Richard Barrington | Posted 09.27.2011

Read More: Savings Accounts, Federal Programs, Money Market Accounts, Fdic, Ask the Expert, Deposit Insurance, Debt Ceiling, Business News
Richard Barrington

Even though FDIC deposit insurance is a federal program, it is not likely to be an immediate victim of a possible federal government default. In the long run though, anything is possible if things reach such a dire outcome.

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