Banking

What Is Shadow Banking…and Why Does It Matter to You?
Banking

What Is Shadow Banking…and Why Does It Matter to You?

Anton Schutz | January 22, 2024

You may wonder what financial experts mean when they mention the shadow banking system. The term might remind you of…

Stop Paying Annoying Bank Fees
Banking

Stop Paying Annoying Bank Fees

Ken Tumin | September 21, 2022

Banking fees are frustrating…and often unfair. Here’s how to determine your financial institution’s potential charges…and avoid paying them. Request disclosure.…

The Bond-Fund Meltdown
Banking

The Bond-Fund Meltdown

Robert M. Brinker, CFS | June 21, 2022

Bonds are supposed to be steady, reliable, even boring investments—but they’ve created plenty of drama this year. The Bloomberg US…

Best Places to Stash Your Cash Now
Banking

Best Places to Stash Your Cash Now

Ken Tumin | May 3, 2022

Lift-off! After punishing savers with two years of near-zero short-term interest rates, the Federal Reserve expects to hike its benchmark…

Beware Money-Market Fund Dangers
Banking

Beware Money-Market Fund Dangers

Peter Crane | February 18, 2021

The benefits of a money-market fund have faded as the coronavirus-caused recession has lowered interest rates.

Best Places to Stash Your Cash Now
Banking

Best Places to Stash Your Cash Now

Ken Tumin | June 30, 2020

With the return of low interest rates, savers must draw on some shrewd strategies and search for the best sources of higher yields on their savings. Here’s some help.

How to Avoid the Pitfalls When Trying to Get a Break on Bills
Banking

How to Avoid the Pitfalls When Trying to Get a Break on Bills

June 5, 2020

These are the best ways to get a break on payments for credit cards, mortgages, cable and satellite TV, Internet, car loans and more.

Your Bank Safe-Deposit Box Might Not Be as Safe as You Think
Banking

Your Bank Safe-Deposit Box Might Not Be as Safe as You Think

Ken Tumin | October 21, 2019

Losses from safe deposit boxes are not uncommon for reasons ranging from bank mistakes to floods.

The Best Bank Accounts to Boost Your Yields Now
Banking

The Best Bank Accounts to Boost Your Yields Now

August 5, 2019

As interest rate increases have stalled, some money-market, savings, checking and CD accounts still offer attractive yields. Here are the best.

Beware CD Rates That Are Too Good to Be True
Banking

Beware CD Rates That Are Too Good to Be True

Gerri Walsh, JD | May 6, 2019

Lofty CD rates are sometimes just marketing ploys to lure you into buying high-commission financial products.

How to Earn Much More on Your Savings Now That Interest Rates Are Rising
Banking

How to Earn Much More on Your Savings Now That Interest Rates Are Rising

Ken Tumin | May 15, 2018

After more than a decade of extraordinarily low interest rates, savers are finally seeing yields perk up now.

Yields on Money-Market Funds Finally Perk Up
Banking

Yields on Money-Market Funds Finally Perk Up

Peter Crane | February 20, 2018

Yields on money funds at mutual fund companies have risen as the Federal Reserve has boosted interest rates, and the trend is expected to continue.

Top 10 Credit Unions Anyone Can Join
Banking

Top 10 Credit Unions Anyone Can Join

Ken Tumin | December 18, 2017

There is no shortage of reasons for consumers to consider abandoning banks. And credit unions are attracting many of those disaffected customers.

Free Checking More Common at Credit Unions Than Banks
Banking

Free Checking More Common at Credit Unions Than Banks

Greg McBride, CFA | April 26, 2017

No-strings free checking now is more than twice as common at large credit unions as at large banks. About 84%…

Bank Inactivity Fees More Common Than You Think
Banking

Bank Inactivity Fees More Common Than You Think

Ken Tumin | March 15, 2017

Does it seem like your bank charges fees for everything these days? It might be worse than you think—some banks…