Bank Deals Blog: Deposits Education and Strategies

Certificates of deposit (CDs)...

When it feels like the walls of your office are closing in on you, dreaming of the beach or a winding European alleyway can be a nice escape. But what about when it’s time for a real escape?

Everyone deserves a vacation now and again, but a survey conducted by DepositAccounts has found that more than half of millennials skipped taking a vacation this year because they couldn’t afford one. By comparison, only 35% of baby boomers have had to skip a vacation this year due...

Financial planners agree that it’s essential to have a savings account as part of your personal finance playbook. However, not all Americans are on the same page. Nearly 78% of banked U.S. households had a savings account in 2017, according to the FDIC. But this data also suggests that more than one-fifth of U.S. households did not have a savings account in 2017.

DepositAccounts has looked at the 100 largest metros in the U.S. and the percentage of households with savings accounts to see...

Certificates of deposit (CD) are a great option if you’re looking for a secure vehicle for saving money, whether for a big goal like retirement or a long vacation, or just to park your emergency fund. As you research your CD options, you may come across terms like “bank CD” or “brokered CD” that seem puzzling.

There are important differences between a traditional...

Many customers prefer to maintain accounts with credit unions, because they like the not-for-profit ethos or want a great yield on a deposit account product, or both. But some readers may wonder if you need to give up convenient branch access with a local credit union, which may have a limited number of locations.

The CO-OP Financial Services shared branch network was created...