3 Goal-Based Savings Accounts You Need Right Now by Tess Wicks
Goal-based savings is one of the simplest ways to control your spending and maintain some financial security as you transition from college to career. Imagine swiping your card for those $200 designer shoes you’ve been stalking online and knowing you have the money to pay it off immediately. (Talk about guilt-free spending.) That’s what goal-based […]
Recycled Auto Parts: The Innovative Re-Use of Car Tires
Car tires are designed to withstand the elements and a keep us safe on the road. And once they’re worn and ready to retire, the durable aspects of tires can make them ideal for repurposing and reusing. Below are some of the most innovative and practical items that can be made from car tires. The […]
Savings Accounts and Interest Rates
Why save money in a savings account? A savings account is simply a bank account that secures your money and usually pays interest on the funds in the account. A savings account is generally considered a safe place to grow your money. Deposits in your savings accounts at member-FDIC banks are insured by the Federal […]
Savings Account: Top 5 Reasons Why You Should Have One
You might ask yourself, “Why have a savings account?” when there are so many financial options today. Savings accounts are a solid addition to your portfolio for many reasons. With a savings account, you can: 1. Save for the future.Having a healthy savings account is a good foundation for any financial plan. You can accumulate […]
Opening a Savings Account
Opening a savings account can be a good financial decision. It provides you with a secure place to store your money for emergencies, future purchases or even retirement. Plus, savings accounts typically accrue interest over time. And if you open an online savings account like the one offered by Regional Credit Union, your interest rates may […]
Weighing Your Savings Account Options
Many people like to set aside money in case of emergencies or to save for a major purchase, so finding the best savings account is important. Only you can determine what kind of savings account is right for you. It could mean one that offers a higher interest rate or requires no monthly minimum balance. […]
Why Should You Switch Savings Accounts?
There are many ways to make the most of your money, and where you keep your savings can be one of the factors that make a difference. Perhaps you think there's not much to consider about savings accounts. You may be familiar with the interest rates at traditional banks and you may be used to […]
Guidelines for When to Put Your Money in Checking vs. Savings
Of the various types of bank accounts you can keep your money in, checking and savings accounts are some of the most common. These basic types of accounts can be essential for managing your money day-to-day. But although checking and savings are very different types of accounts, they are often used together. Here are a […]
What’s a Savings Account?
What is a savings account? George Barany, director of financial education at AmericaSaves.org, a non-profit organization that promotes saving, explains a savings account this way: “It's a safe place that allows you to get money out of your pocket, out of your house,” and beyond the greedy reach of temptation. Interest savings accounts are not […]
What Is a Fixed Rate Savings Account?
It's not uncommon for people to inquire about a fixed rate savings account— or a savings account that earns a predetermined interest rate for a specific time period. While many financial institutions, including Credence Global Bank, do not offer fixed rate savings accounts, most offer certificates of deposit (CDs), which are savings products with fixed rates. […]
