After the recent failures of Silicon Valley Bank and Signature Bank, you may wonder if your money is safe in a U.S. bank or credit union account. And while they’re reasonably rare (fewer than three per year), bank failures do happen.  Fortunately, the United States has systems in place to ensure failed banks don’t lead … Read more

Private banks provide personalized financial services for affluent individuals. These bankers work in teams of lending, financial planning, and wealth management professionals and sometimes outside specialists. Clients typically enjoy benefits you can’t get at retail banks, such as discounted loan rates and access to alternative investments. Private banking also has some downsides, including limited choice … Read more

As online banks grow in number and become more sophisticated, more and more small-business owners are asking themselves whether a traditional bank or credit union account makes sense anymore. Unless you just can’t live without the peace of mind that comes with being able to walk into a physical bank branch, the value is less … Read more

Most checking accounts pay no interest on balances. They cede that perk to savings accounts, which are designed to hold funds you don’t need to pay this month’s bills. Interest checking accounts are different. Though they rarely yield as much as high-yield savings accounts, they make it worth your while to keep a checking cushion.  … Read more

Choosing a checking account can be an overwhelming process. Between online banks operating nationwide and brick-and-mortar banks and credit unions serving your home region, there are hundreds if not thousands of legitimate institutions to choose from. Many offer more than one checking account option, sometimes several. Not Truist. Though it’s one of the biggest banks … Read more

The rise of online and mobile banking means that the lines between checking and savings accounts are blurrier than ever. Some digital financial platforms don’t even require you to open them separately anymore. That’s the case for SoFi Checking & Savings, which is essentially a checking and savings account in one convenient package. If you’re … Read more

Credit-builder loans help those with little to no credit build credit quickly and easily. The lender deposits your payments into a CD or savings account until you’ve made all your monthly payments. Then, you gain access to the funds. There are some fees associated with credit-builder loans, although they’re often low. Realizing you have a … Read more

If you’re nearing retirement or already there and aren’t particularly happy with your current bank, TD Bank 60 Plus Checking is built for you. It’s one of the few checking accounts specifically marketed to older Americans, with increasingly rare features like free paper checks, free paper statements, and discounts on TD loans (including for second … Read more

In a remarkable feat of financial prowess, a 28-year-old individual has shattered traditional notions of wealth accumulation. By strategically harnessing the power of multiple income streams, this trailblazer has managed to generate an astounding $189,000 a year while working fewer than 4 days a week. As the rest of us marvel at their achievements, it’s … Read more

Most business bank accounts aren’t built with very small businesses in mind, let alone freelancers and solo entrepreneurs. If you have big plans for your company or independent professional practice but haven’t grown to the point where a traditional business bank account makes sense, you’re probably a bit frustrated by your options. If that’s the … Read more