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Savings Accounts

How Innovative Savings Accounts Can Help Low Income Women

Jennifer McDonald | Posted 11.25.2014 | Impact
Jennifer McDonald

These women do not need charity -- they need an innovative approach to banking.

Safety Net Funds: Why Traditional Advice Is Wrong

Betterment.com | Posted 11.25.2014 | Money
Betterment.com

To prevent your safety net from getting too big, we advise transferring the excess to another goal in order to bring it back down to the correct level every time it gets to be 20 percent bigger than it needs to be.

Why Now Is a Good Time to Assess Your Savings Strategy

Diane Morais | Posted 10.22.2014 | Money
Diane Morais

Consumers we surveyed say the effect savings has on happiness continues to grow as savings accumulate, so the sooner you get started, the better off you'll be financially, and perhaps emotionally as well.

Want to Save More Money? Join a Credit Union

Charisse Amanda (Conanan) Johnson | Posted 10.19.2014 | Money
Charisse Amanda (Conanan) Johnson

If you want to have more money to do stuff with, then setting up a savings account at a credit union is one powerful way to do so. Whether you want to save more as an individual or as a family there is no shortage of information touting the benefits.

A Jury of My Peers: The Aspen Action Workshop

Andrea Levere | Posted 10.04.2014 | Impact
Andrea Levere

The most important message I received during the workshop was how deeply the people in the room believed that providing savings accounts to children was a necessary and effective approach to increasing educational and economic opportunity.

Finances Like a Real Adult: Fiscal Responsibility for Millennials

Lauren Taylor Shute | Posted 04.26.2014 | Money
Lauren Taylor Shute

I can try to adult-ify my apartment all I want, but one thing remains true--my finances need to be handled, and I'm the only one who can take control of them.

My Top 5 New Year's Credit Goals

Jeanne Kelly | Posted 03.17.2014 | Money
Jeanne Kelly

A new year feels like a new beginning, and the tradition of making resolutions solidifies that notion. Adopt these three resolutions to control your financial stress, and make 2014 the year of swollen saving accounts!

Banks Threaten To Charge You For Saving Money

The Huffington Post | Mark Gongloff | Posted 11.26.2013 | Business

In an effort to protect their record profits, banks might soon charge you for the privilege of having a savings account. I know what you're thinkin...

5 Reasons You Should Care About Cyprus

Richard Barrington | Posted 05.28.2013 | Business
Richard Barrington

Unless you're a student of history or are planning a Mediterranean vacation, you may never have given the island of Cyprus much thought. Then suddenly, it dominated the headlines. What does a banking crisis in a small and far-off land mean to you?

One Extremely Simple Way To Cut Back Your Spending

The Huffington Post | Catherine New | Posted 10.01.2013 | Business

You have too many bank accounts. That is, if you're trying to cut back on spending and save money. According to new consumer behavior research, the...

HUGE Share Of Americans Are One Emergency Away From Disaster: Report

The Huffington Post | Jillian Berman | Posted 01.30.2013 | Business

Kevin Price is one emergency away from not being able to cover his basic needs, but he doesn’t fit the stereotype of someone living on the financial...

Top Savings Accounts 2013

Richard Barrington | Posted 03.11.2013 | Business
Richard Barrington

There's a good chance that the yield on your savings account has disappointed you lately. But now may be a great time to do something about it.

Banking Outlook 2013: 8 Things to Watch

Richard Barrington | Posted 12.12.2012 | Money
Richard Barrington

Thanks to two major X factors -- the fiscal cliff and new bank capitalization standards -- 2013 could be the most eventful period for the banking industry since the crisis years of 2008 and 2009. Here are eight key things to watch.

A Spectator's Guide to Fiscal Cliff Negotiations

Richard Barrington | Posted 01.29.2013 | Business
Richard Barrington

Watching the legislative process in Washington can be as unappealing as watching sausages being made. But it helps if you know what to watch and what not to watch.

Online Bank Rates Rise Higher Above the Rest

Richard Barrington | Posted 12.18.2012 | Money
Richard Barrington

Notably, it didn't matter whether you looked at large banks, small banks or medium-sized banks: Each category saw average savings and money market rates drop in the third quarter.

Sad Findings Show Americans Stink at Managing Their Money

Steve Rhode | Posted 05.23.2013 | Business
Steve Rhode

It's apparent there is a tremendous hole in the financial safety net of the American population as a whole with these survey results. For me it's both sad and scary.

A Surprising Amount You Should Have In Savings, From Alexa von Tobel (WATCH)

Posted 08.21.2013 | MarloThomas

How much money should you store in savings? Alexa von Tobel, Founder & CEO, LearnVest.com, gave me a surprising answer when she visited me on Mondays ...

A Flicker of Hope for Savings Account Rates

Richard Barrington | Posted 10.25.2012 | Money
Richard Barrington

July's jobs report may prove to be good news for the economy. But if you want good news on bank rates anytime soon, you'll have to make it happen yourself.

Playing Poker With the Fed

Richard Barrington | Posted 10.15.2012 | Money
Richard Barrington

The Fed is like a poker player who has been dealt a weak hand. It's easy to criticize a losing player, but when one looks at the cards, it's hard to say exactly what should be done differently.

Searching for the Best Deposit Rates in America

Richard Barrington | Posted 10.09.2012 | Money
Richard Barrington

With deposit rates continuing to fall, consumers need every edge they can get to earn a decent yield.

4 Benefits of the Drop in Bank Failures

Richard Barrington | Posted 09.17.2012 | Money
Richard Barrington

Trouble with banks was one of the first harbingers of what has become known as the Great Recession, and of the lackluster recovery that has followed. Perhaps an improved banking environment will be an early signal that the economy is finally getting healthy again.

Goldilocks and the Three Banks

Richard Barrington | Posted 08.07.2012 | Money
Richard Barrington

One size does not fit all when it comes to banks. Don't rely on generalities when deciding on a new bank -- choose the institution specifically suited to your needs.

The Brighter Side for Deposit Accounts

Richard Barrington | Posted 08.05.2012 | Money
Richard Barrington

With interest rates scraping along just above zero, it's easy to grow frustrated with savings accounts and other bank deposit products. However, as uninspiring as savings account rates have become, the grass may not be greener anywhere else.

Faceplant: 4 Lessons From the Facebook IPO

Richard Barrington | Posted 07.29.2012 | Business
Richard Barrington

Whether or not there was any wrongdoing, the reasons for the Facebook flop are understandable. In many ways, this is an echo of the dot-com bubble of the late 1990s, when emotion triumphed over logic for long enough to drive Internet stocks to prices that could only fall.

Beware of Regional Rate Differences

Richard Barrington | Posted 06.24.2012 | Money
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.