Banking & Saving "Know How"
How Do I Know if My Bank is FDIC Insured?
by Catherine Eagan
Whether you use a traditional or online bank that has no physical offices, it is a good idea to ensure that the institution is legitimate and that you know how safe your deposits are.
What's the Difference Between a Bank & a Credit Union?
by Catherine Eagan
There are two main distinctions between a bank and a credit union. The primary difference between the two is in their business model, and how that business model translates to potentially a better deal for depositors. Credit unions are member-owned and so account holders are part owners of the institution. Also credit unions are not-for-profit, which often allows them to offer better fees and higher rates.
How to Get the Best Banking Services
by Catherine Eagan
Banks offer different types of accounts, both checking and savings. Different accounts pay different levels of interest and perks. Some accounts are tailored specifically for certain audiences, like senior citizens or students, while others are geared to those with low incomes. What all share in common is that each has restrictions, fees, and fee waiver opportunities if you meet certain requirements.
The Benefits of Online Banking
by Catherine Eagan
Many people already perform banking transactions online and more people are doing so as time goes on. Online banking takes many forms, from nothing more than a recurring bill payment to a by your traditional bank, to a high-yield account at an online bank that has no physical presence.