Bank Deals Blog: Deposits Education and Strategies

With digital banking and peer-to-peer payment services on the rise, it can come as a surprise that people still pay each other using paper checks. For many, receiving a check may be an unusual experience, leading to the inevitable question: What to do with the thing?

The good news is that in this day and age, there’s no reason to stand in line...

A routing number is a nine-digit number that is used as identification for banks and credit unions in the U.S....

APR and APY can be confusing financial concepts, but knowing the difference between the two ways to calculate annual interest can help you make more informed decisions when saving and investing. Both APR and APY affect how much you earn or owe when applied to account balances.

If you’ve ever parked your money in a savings account, you may have learned the hard way that you can’t...

I first published this article several years ago. I thought this would be a good time to refresh this article as savers prepare their tax returns. Unless you hold a CD in an IRA or other retirement account, you have to pay taxes each year on the interest earned from a CD.

Interest from a CD is taxable whether the CD is from a bank or credit union. At credit unions, a CD is often called a share certificate and interest is often called dividends, but from the IRS perspective, there...

As more and more banks enhance their mobile applications and customers increasingly bank online, there is growing scrutiny on the safety of these transactions.

Many of us are asking the following questions: Is mobile banking safe? Is it better to stick to teller windows, paper checks and ATMs? Can we confidently use the digital resources that are making money management easier than ever?

Say you need to pay your utility bill, but the company doesn’t accept personal checks — and sending an envelope full of cash isn’t a safe option. Money orders are an alternative and secure form of payment to consider.

How money orders work

Money orders are like prepaid checks. You provide the funds upfront and fill out an order...

When you carry a substantial amount of debt but also need to grow your savings, it can be tough to figure out whether you should pay off debt or save money. Should you focus on shrinking your debt so that you pay as little interest as possible? Or, should you fund your savings so that you have enough...

Everyone needs a safe place to store their money, but deciding which type of bank account to open can be confusing. Should you open a checking account with a debit card that you can use for everyday purchases? Or is it better to consider a savings account, where you can build a rainy day fund?

While there’s no one-size-fits-all...