Investing can be an effective part of your financial strategy. But before you start, make sure youâre ready.
The post How to begin investing: The steps to take and terms to know appeared first on Discover Bank – Banking Topics Blog.
Want to learn about high-yield savings accounts? Get started here.
The post What is a high-yield savings account? appeared first on Discover Bank – Banking Topics Blog.
It can be frustrating to see your extra cash sitting in a checking or savings account earning mere fractions of a percentage point in interest. You may even feel like your finances are going backwards, thanks to inflation. But wait: You have options! If youâre looking for a low-risk place to put your cash that […]
The post High-Yield Savings Accounts: The Risks, Benefits, and What Else You Should Know appeared first on SoFi.
Curious about online savings accounts? Get familiar with what an online savings account is, how it works, and how you can open one.
The post What is an online savings account? appeared first on Discover Bank – Banking Topics Blog.
A recession can have a big impact on your personal finances, especially your savings. Prepare for an economic downturn by increasing your emergency fund.
A certificate of deposit (or CD) is considered a type of savings account, but a CD holds your money for a fixed time period in exchange for a higher rate of interest than a standard savings account. While a savings account allows you to access your cash at any time, you typically purchase a CD […]
The post What Is a Certificate of Deposit? appeared first on SoFi.
Are you prepared to weather a financial storm? Start your rainy day fund today.
The post 4 ways an online savings account helps with unexpected expenses appeared first on Discover Bank – Banking Topics Blog.
Idle funds are funds that aren’t serving any specific purpose or working for you in any way. This is a term that’s often used when discussing business and government finance. It’s common for government entities and corporations to have idle money sitting in cash reserves until it’s ready to be used for specific expenditures. It’s […]
The post Guide to Idle Funds: Where to Put Them appeared first on SoFi.
You know you need an emergency fund for lifeâs little surprises, but where should you keep it?
The post 4 places to keep your emergency fund appeared first on Discover Bank – Banking Topics Blog.