Andreina Rodriguez

1 month ago | cnbc.com | Andreina Rodriguez

The IRS views interest on a savings account as earned income, whether it's $1 or $1,000. So, if you received interest on a high-yield savings account in 2024, you need to report it when you file your federal tax return for the 2024 tax year. Is savings account interest taxed? If you have a savings account that earned interest, you are required to report it to the IRS, like you would with any other form of income.

1 month ago | cnbc.com | Andreina Rodriguez

When choosing a certificate of deposit (CD), you have to compare a few figures to make the right call for your needs — any minimum balance requirements or the amount of interest earned, for example. But perhaps no number looms larger in your mind than the CD's term length.

2 months ago | cnbc.com | Andreina Rodriguez

Bank accounts aren't usually described as "scary," but tell a parent that their kid has a debit card granting them unfettered access to the family funds and watch their face fill with terror. Fortunately, many debit cards exist with features that strike a balance between financial freedom and parental oversight. That way, you can feel confident that your child is developing good spending habits while you maintain some control over their spending.

2 months ago | cnbc.com | Andreina Rodriguez

Managing a disability can come with significant financial challenges, and if you depend on federal benefits programs that limit the amount of assets you can have, it can feel like you're caught in a double bind: You want to save for your future, but you also need financial support from Supplemental Security Income (SSI), Medicaid or similar programs to afford the present.

Jan 21, 2025 | cnbc.com | Andreina Rodriguez

We live in a digital-dominated world that lets us manage many parts of our lives with a click of a button or a swipe on a screen — and banking is no exception. More than half of the country's consumers do most of their banking via a mobile app, according to a Morning Consult survey conducted for the American Bankers Association in October 2024. But just because you're comfortable using a big bank's digital offerings doesn't mean you're all-in on banks that exist entirely online.