Advanced Investment Strategies for Certificates of Deposit, Money Market Accounts, Savings Accounts, Checking Accounts and other investments

Certificate of Deposit (CD)

Richard Barrington

Could you be earning more money in a CD? Find out how CDs work and how to shop for them. Learn how they can earn you more interest, help manage your cash flow and keep your money safe.

Brokered CDs - How They Work

Richard Barrington

Want a better deal on your CDs? Brokered CDs are a potential way you could get better CD terms, as long as you understand the potential risks along with the potential benefits.

Old Line Bank No-Penalty CD Review

Rebecca Lake

Old Line Bank offers savings products, including no-penalty CDs. Learn how these CDs work if you're considering opening an account.

Marcus No-Penalty CD Review - Is It Right for You?

Rebecca Lake

Marcus offers CDs for savers with no penalty for early withdrawal. Learn how the no-penalty CD from Marcus works to decide whether to open an account.

Best IRA CD Rates

Richard Barrington

Looking for a CD for your IRA? Certificates of deposit can play different roles in your IRA. Learn how to use CDs and how to find the best IRA CD rates.

No Penalty CD - How does it work

Richard Barrington

Would you like the yield of a CD without the commitment? Find out how no-penalty CDs can give you the yield benefit of owning a CD without having to lock your money up for the full term of the CD.

Variable-rate CD - 4 pitfalls

Richard Barrington

Variable-rate CDs can offer savers some intriguing options, but not always at a favorable price.

How Do CDs Work? Learn how to save taxes on CD's

Richard Barrington

CDs are safe instruments for earning interest, but their tax treatment can create a cash crunch. Here's how to plan ahead so you aren't caught short of money at tax time.

5 Moves to Optimize Your CD Ladder

Richard Barrington

CD ladders can help you manage yield and liquidity. Here's how to tailor them to meet your specific circumstances and capture the highest interest rates available.

Using CDs for college savings

Richard Barrington

Understand how you can use certificates of deposits to build your college savings.

What inflation is doing to your CD rates

Richard Barrington

You might think of CDs as safe investments that don't require much attention, but lately inflation has been posing a growing threat to them. Here's what to do when inflation is on the rise.

How risky are certificates of deposit?

Richard Barrington

Understanding early withdrawal risk with CDs, FDIC limits, and other risk factors can help you manage risk while investing in CDs.

Which Type Of CD Is Best For You?

Richard Barrington

A review of the characteristics of different types of CDs can help you decide which is the best fit for your needs.

Complete Guide to Setting Up A CD Ladder

Richard Barrington

Learn how a CD ladder can work to your advantage, and how to set it up.

5 reasons why CDs are perfect for low risk investors

Richard Barrington

CDs are perfect for low risk investors because they offer a guarantee of principal along with a fixed interest rate and predictable cash flow.

When Opening Multiple Money Market Accounts is a Smart Move

Richard Barrington

Could you benefit from splitting your money into different bank accounts? See examples of when having multiple money market accounts could work to your benefit.

2019 Outlook - 6 factors affecting savings & money market rates

Richard Barrington

Do you have money in a savings or money market account? These six trends could impact your money in 2019, but here's how you can protect your assets and profit during this changing environment.

Batter up! 9 'players' for your investment line-up

Richard Barrington

Want a portfolio that will perform from its opening day? Then consider incorporating these key elements.

Home-field advantage - 7 reasons to favor US stocks

Richard Barrington

International investing can be a good thing, but there are also valid reasons for maintaining a heavier weighting toward U.S.-based stocks.

7 straightforward rules for asset allocation

Richard Barrington

Asset allocation is a tricky decision and one you can't avoid, so it's wise to be well-informed on the topic.

Shareholder rights - Are you a shark, lion or sheep?

Richard Barrington

Passive investors should take a cue from Wall Street's sharks and lions in recognizing the impact corporate governance can have on share value.

Why a manic market shouldn't necessarily worry you

Richard Barrington

As unsettling as recent market volatility might be, a longer-term perspective suggests investors don't necessarily have to worry.

The problem with popular stocks

Richard Barrington

Recent research finds that stocks with the highest turnover tend to also have the lowest future returns.

7 reasons to worry about cheap oil

Richard Barrington

Lower oil prices have some obvious benefits for the U.S., but they could also bring some problems -- especially as the drop becomes more extreme.

6 options for today's income investor

Richard Barrington

Here are some of the pluses and minuses of a variety of today's income-producing investment options.

How to invest like a business owner

Richard Barrington

Managerial responsibilities may seem miles away from investment decisions, but your personal business experience can be an asset in managing stocks.

Want a winning portfolio? Just avoid the biggest loser

Richard Barrington

Addition-by-subtraction can be a good way of earning above-average investment performance.

6 things investors should know about P2P lending

Richard Barrington

Peer-to-peer (P2P) lending is growing rapidly in popularity, but the marketplace does not yet fully recognize the risks.

Share buybacks - A sell signal?

Richard Barrington

A boom in share buybacks raises some questions that shareholders of the company need to ask.

Comparing today's bank account and bond yields

Richard Barrington

Interest income remains relatively scarce among these vehicles, but that doesn't mean your portfolio should be without them.

What is Payroll Tax Deferral: Everything You Need to Know

Gina Pogol

The payroll tax deferral may have created controversy and confusion. You probably have a few questions yourself: Does my employer offer payroll tax deferral? Should I opt in or out? Do I have to pay the money back? How should I use the money? The fact is most employees won't be able to defer their payroll taxes. But there is a way to create your own tax deferral and control your financial destiny in 2020 and 2021.

Does It Make A Difference Where I Have My Savings Account?

Richard Barrington

Could you be getting more out of your savings account? Chances are the answer is yes. See ten reasons your choice of savings account can make a difference to how much you have in that account at the end of the year.

How to Save Money for Your Kids

William Cowie

Better than toys or fleeting memories, grandparents can help give their grandchildren a head start in life with a savings account.

7 Ways the Coronavirus Could Change How You Bank

Richard Barrington

Is the coronavirus outbreak changing how you bank? Here's how to protect your finances by changing some banking habits and reviewing your retirement plan.

What is the Minimum Amount of Interest Required to Report?

Richard Barrington

Unsure whether you need to report small amounts of interest earned on bank accounts? Chances are you do have to report, even if the bank did not send you a Form 1099-INT. See guidelines for reporting and what you can do about earning more interest next year.

How to Earn More Interest on Your Savings 2020

William Cowie

In the current climate of rock-bottom interest rates, is there a way for you to find a higher return on your savings? You may be pleasantly surprised by some of these options.

Best Money Saving Tips - This Is Your Year to Save No Matter What

Erik Martin

It's a new year. And that means it's a fresh start -- a chance to abandon old habits and adopt positive new ones. One habit that can take you a long way in 2020 and beyond is consistently saving money when you can. There are many money savings tips out there: But which ones can best teach you how to save money?

Can You Pay Bills Directly from a Savings Account?

William Cowie

Savings accounts tend to pay higher interest than checking accounts. Would it, therefore, make sense to put all your money in a savings account and use it to pay bills and make purchases? No, and here's why not.

Which Banks Have the Most Convenient ATMs?

Richard Barrington

Are you a frequent ATM user? See some simple tips to help you stop wasting money on ATM fees.

What is a Savings Account - Why You Need it

William Cowie

Savings accounts are common, but not nearly as common as checking accounts. This post asks the question: What's the difference? But then it answers the more important question: Why do you need one? (Because you do.)

No Holiday Savings Yet? Here's How to Build Your Funds Fast

Rebecca Lake

If you don't have holiday savings in place yet, it's not too late. Learn what steps you can take to fund the holidays even if you're a little behind on saving.

Can You Get a Debit Card on a Savings Account?

William Cowie

Debit cards are a common feature on checking accounts but not on savings accounts. Can you get a debit card on a savings account? Learn about debit and ATM cards - but the bigger question is: Should you want one?

What's Better for Your Savings, Interest Compounded Daily or Monthly?

William Cowie

What's the difference between monthly compounding and daily compounding for your savings accounts - and does it matter? How can you decipher what banks offer on their savings products?

Flip the Script - Raise Your Savings Account Rates As Most Rates Fall

Richard Barrington

Do fed-rate cuts mean your savings will earn less interest? While rates generally may be falling, chances are you could take this opportunity to raise your rates.

How to Avoid Savings Withdrawal Fees

Richard Barrington

Should you have to pay just to access money in your savings account? Banks charge fees for certain transfers, but these fees can be easily avoided if you know how.

Best Banks for Those Who Can't Get a Bank Account

Erik J Martin

Using cash for all your transactions isn't practical or safe. That's why it's best to get a bank account with a debit card. Problem is, some people can't qualify for an account at many banks. And many can't afford the various fees charged. So what's the best bank account for you? Probably an entry-level online or mobile bank account.

How Immigrants Can Open a Bank Account Without a Social Security Card

Rebecca Lake

Opening a bank account as a newcomer to the U.S. takes some planning. Learn how immigrants can open a bank account without a social security card.

The Cost of Sloppy Banking Habits

Richard Barrington

How much money are your bank accounts wasting? See how better banking habits could leave you with hundreds of extra dollars by the end of a year.

Checking vs. Savings Accounts - What's the Difference?

What's the difference between checking and savings accounts? Find out how each impacts the accessibility, security and earning power of your bank account, and how to find the right fit for your needs.

Better ways to find the best checking account

Richard Barrington

Changes in banking habits have made location less of an issue since the 1990s, while rising fees have made cost more significant. Isn't it time to change what you look for in a checking account?

Best checking accounts for 2018

We ranked the best checking accounts for 2018 on the basis of monthly maintenance fees, overdraft fees, and low minimum opening deposit. Here are the top ten free checking accounts to be found in 2018.

Finding a second-chance checking account

Having to work outside the banking system can be expensive and inconvenient. Unfortunately, this can easily happen to people whose accounts are closed by their banks because of chronic misuse of the account.

If this has happened to you, the good news is that there is a way to get back into the banking system. It's called second-chance checking, and finding the right second-chance checking account can be the first step toward re-establishing your access to the full range of bank services.

6 reasons to rethink where you bank

Richard Barrington

Banking has changed over time, and it's likely your banking needs have too. Here's why you may want to reconsider where you're at today.

Best banks 2013 - Should you switch?

Ollie Geiger

MONEY Magazine has announced its top banks for 2013, but are these institutions good enough to attract your business?

4 signs of money immaturity in teens

Naomi Mannino

If your son or daughter displays these signs, some remedial financial education may be in order -- fast.

Walmart's Bluebird card - Has checking met its match?

Richard Barrington

Walmart's Bluebird prepaid debit card is a very competitive product, but there are some inherent drawbacks to using any prepaid card.

Why one bank is switching to a single overdraft fee

Jim Sloan

Bank's move could spur other banks to drop the charges that can lead to a "train wreck" of multiple overdrafts.

5 simple ways to build a rainy day fund

Jim Sloan

Although many Americans are having trouble making ends meet, here are some ways to save money and keep it safe for when you need it.

6 websites that can help you reach your savings goals

Jim Sloan

Managing your finances and increasing your savings is made easier and entertaining with these websites.

Banks roll out a new onslaught of checking account fees

Jim Sloan

With bank fees on the rise, customers can avoid the fees by following a few basic requirements, such as maintaining minimum balances and having direct deposit into your account. 

What is Home Title Fraud and How to Prevent It

Erik Martin

When you're a homeowner, burglars aren't the only crooks you should be concerned about infiltrating your property. An even bigger theft is home title fraud. This occurs when a bad actor alters ownership of your property title or deed by putting their name on it. And it can cost you plenty -- both in terms of dollars, the time it takes to resolve it, and damage to your credit.

Should You Buy a Home Now, Even With Bad Credit?

Gina Pogol

When mortgage rates fall, it's possible as a first-time home buyer to qualify for a bigger mortgage and more expensive house. But what if you have poor credit? Can you buy a house with bad credit today? Or should you work to improve your credit first?

Is It Worth It to Prepay Your Mortgage?

Erik Martin

You don't have to wait out the remaining term of your mortgage to pay it off.

Instead, you can make accelerated payments on an occasional or regular basis, which could save you big money in interest charges overall. But your best option may not be to prepay your mortgage. Understand the pros and cons; then learn how to crunch the numbers.

Time to Refinance? How the Fed Cut Affects Mortgage Rates

Erik Martin

The Federal Reserve recently cut interest rates to nearly zero in response to the coronavirus outbreak. Yet this strategy may not affect mortgage interest rates, even though it's aim is to boost the economy. In fact, mortgage rates have crept up in the last few weeks.

7 Big Financial Changes that Call for Adjusting Your Mortgage

Richard Barrington

Refinancing is not just about capturing falling interest rates. It can also be a way of optimizing your mortgage loan to fit a change in circumstances.

9 must-know things about your mortgage loan

Richard Barrington

The benefit or burden of any mortgage is largely dependent on these 9 details.

Buying a home - 7 tips for making your biggest investment decision

Richard Barrington

Lack of experience is an inherent problem for first-time home buyers, but some sound investment thinking can help you overcome that problem.

Amid historically low rates, is real estate a good investment?

Richard Barrington

Recent declines in mortgage rates may generate enthusiasm for real estate investments, but there are reasons to be skeptical of this.

When it makes sense to bet the house

Richard Barrington

Shifting your debt burden into a mortgage can save you money, but it can also put your home at risk. Learn when this approach makes sense.

Playing the spread in today's interest rates

Richard Barrington

Rising long-term interest rates should impact how you shop for income vehicles and loans.

Is the housing bubble rising again?

Richard Barrington

Home prices may be the same as in 2004, but other conditions have changed since then. Is history ready to repeat itself?

5 things to know before investing in real estate

Richard Barrington

Real estate investments can provide growth and income, but they also carry some special risks.

4 financial lessons from 'Downton Abbey'

Richard Barrington

Though "Downton Abbey" is set in a distinctly different era, its plot holds some financial lessons that are relevant today.

Is retirement too late for refinancing?

Richard Barrington

Retirees often don't think of refinancing, but current conditions make refinancing worth a fresh look to older Americans.

The mortgage loan for fixer-uppers

Michele Lerner

If you need to finance a home renovation, an FHA 203(k) loan may be your solution.