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Nov 18, 2024 | 
cnn.com | Ashley Barnett |Adam Mcfadden |Greg Garrison
Money Banking / MMAs By Ashley Barnett Adam McFadden Greg Garrison, CNN Underscored Money Published 12:34 PM EDT, Tue November 19, 2024 Link Copied! krblokhin/iStock Most banks are insured by the Federal Deposit Insurance Corp. (FDIC), and deposit accounts — including money market accounts — are covered by that insurance. FDIC-insured accounts are protected up to $250,000 per bank, per account type, per ownership category. If your bank fails, the funds in your money market account will be...
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Nov 14, 2024 | 
cnn.com | Holly Johnson |Adam Mcfadden |Ashley Barnett
Money Banking By Holly Johnson Adam McFadden Ashley Barnett, CNN Underscored Money Published 3:23 PM EDT, Thu November 14, 2024 Link Copied! krblokhin/iStock No matter where your credit score falls on the spectrum right now, it’s smart to look for ways to get it (or keep it) in good shape. This means taking steps to improve your credit score over time, including avoiding late bill payments and keeping your credit utilization rate in check. It also means avoiding situations that could hurt...
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Nov 13, 2024 | 
cnn.com | Adam Mcfadden |Emily McNutt
Money Banking / Savings By Adam McFadden Emily McNutt, CNN Underscored Money Published 11:04 AM EDT, Thu November 14, 2024 Link Copied! kate_sept2004/istockphoto Savings accounts occupy a happy medium where your money earns interest, but it’s still easily accessible if needed. The best savings accounts have a high annual percentage yield (APY) combined with low fees. This makes it simple for your money to grow at a reliable rate. The average savings account interest rate you can get today for...
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Nov 13, 2024 | 
cnn.com | Adam Mcfadden |Emily McNutt
Money Banking / CDs By Adam McFadden Emily McNutt, CNN Underscored Money Published 10:55 AM EDT, Thu November 14, 2024 Link Copied! PeopleImages/istockphoto Certificates of deposit (CDs) can be a stable way to grow your savings by planning ahead with your finances. You’ll give up some flexibility with your cash in a CD, but the upside is strong interest returns. The best rates today top out at 5.37%, but available rates will fluctuate and vary by the term. Below you’ll see how CD rates are...
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Nov 12, 2024 | 
cnn.com | Adam Mcfadden |Emily McNutt
Money Banking / CDs By Adam McFadden Emily McNutt, CNN Underscored Money Published 11:35 AM EDT, Wed November 13, 2024 Link Copied! AsiaVision/istockphoto Certificates of deposit (CDs) can be a stable way to grow your savings by planning ahead with your finances. You’ll give up some flexibility with your cash in a CD, but the upside is strong interest returns. The best rates today top out at 5.37%, but available rates will fluctuate and vary by the term. Below you’ll see how CD rates are...
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Nov 12, 2024 | 
cnn.com | Adam Mcfadden |Emily McNutt
Money Banking / Savings By Adam McFadden Emily McNutt, CNN Underscored Money Published 11:16 AM EDT, Wed November 13, 2024 Link Copied! urbazon/istockphoto Savings accounts occupy a happy medium where your money earns interest, but it’s still easily accessible if needed. The best savings accounts have a high annual percentage yield (APY) combined with low fees. This makes it simple for your money to grow at a reliable rate. The average savings account interest rate you can get today for...
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Nov 12, 2024 | 
cnn.com | Holly Johnson |Adam Mcfadden |Greg Garrison
Money Banking / Checking By Holly Johnson Adam McFadden Greg Garrison, CNN Underscored Money Published 12:36 PM EDT, Tue November 12, 2024 Link Copied! LaylaBird/iStock How much does it cost to open a bank account? That really depends on the bank or credit union you decide to go with, the specific checking account you select (basic checking or premium checking), and how the financial institution sets up its fee structure. Typically, though, opening an account is free, provided you can come up...
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Nov 7, 2024 | 
cnn.com | Holly Johnson |Adam Mcfadden |Ashley Barnett
Money Banking / Checking By Holly Johnson Adam McFadden Ashley Barnett, CNN Underscored Money Published 4:57 PM EDT, Thu November 7, 2024 Link Copied! dragana991/iStock While checking accounts and debit cards aren’t one and the same, these financial tools are closely related. Most consumers could also benefit from having both of them — a checking account for storage of funds and bill payments and a debit card for convenience. Here are more details about how debit cards work, how they relate...
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Nov 7, 2024 | 
cnn.com | Holly Johnson |Adam Mcfadden |Ashley Barnett
Money Banking By Holly Johnson Adam McFadden Ashley Barnett, CNN Underscored Money Published 4:57 PM EDT, Thu November 7, 2024 Link Copied! fotostorm/iStock Most banks and credit unions charge a range of fees just for having an account or for using a checking or savings account in a specific way. For example, you may be charged bank fees based on the ATM you access, how and when you transfer funds and how much money you keep on deposit with a specific financial institution. According to...
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Nov 4, 2024 | 
cnn.com | Adam Mcfadden |Emily McNutt
Money Banking / Savings By Adam McFadden Emily McNutt, CNN Underscored Money Published 5:13 AM EDT, Tue November 5, 2024 Link Copied! Riska/istockphoto Savings accounts occupy a happy medium where your money earns interest, but it’s still easily accessible if needed. The best savings accounts have a high annual percentage yield (APY) combined with low fees. This makes it simple for your money to grow at a reliable rate. The average savings account interest rate you can get today for accounts...
