Where Should I Invest Short-Term Savings?
Last updated: July 11, 2021
One of the personal finance questions that I most frequently get asked is: “where should I invest short-term savings?”. When I dig deeper, I often find that the context …
Category: Banks
The Wells Fargo Scandal Shows why Stronger Consumer Protections are Needed
Last updated: April 26, 2017
Occasionally a story of corporate abuse of customers, employees, the environment, or taxpayers comes along that is so disgusting, it can’t be ignored. The Mylan EpiPen, Volkswagen Dieselgate, and …
Save to Win (Lottery Tickets)!
Last updated: January 21, 2019
Do you like playing the lottery? Then you’ll LOVE turning your savings account in to a lottery ticket! OK, that sounds worse than it is, but that’s the general …
Credit Cards Vs. Debit Cards: Millennials are Choosing Wrong
Last updated: January 21, 2019
According to a Bankrate survey, 63% of millennials do not have a credit card, opting for debit cards or cash instead. This compares to 35% of adults over age …
FDIC Insurance: The Interesting History Behind it, Coverage Amounts, & How to Protect your Bank Assets
Last updated: February 11, 2022
When you walk in to virtually any bank these days, you should be able to find a sticker or sign that says, “FDIC“, along with the statement: Deposits are …
APR vs. APY Interest Rates: What’s the Difference?
Last updated: February 17, 2019
When comparing interest rates that a bank offers on a mortgage, home equity line of credit, car loan, credit card, certificate of deposit, or savings account, it’s important to …
Big Banks Abandon Debit Card Fees: Score Another Win for Consumers!
Last updated: October 28, 2016
In response to heavy consumer and media backlash, the big banks have retreated on their plans to add debit card fees. Win! Bank of America, the second largest bank …