Common Questions About Opening and Managing Your Savings Account

Should You Build Your Emergency Fund or Tackle Outstanding Debts?
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Simon Zhen
Should You Build Your Emergency Fund or Tackle Outstanding Debts?
Find out whether you should prioritize savings or paying down debt when...
Comparing College Savings Options: Understanding Your Education Investment Choices
Learn the differences between 529 college savings plans and Coverdell Education Savings Accounts (ESAs) when it comes to saving for your child's education.
Common Reasons Banks Reject Your Application to Open a Savings Account
Find out why you could have been rejected for a savings account. Learn about ChexSystems and how banks use it when you submit an application.
Should You Save Your Money or Put It in the Stock Market?
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Thomas (TJ) Porter
Should You Save Your Money or Put It in the Stock Market?
Learn the differences between savings accounts and stocks so that you‘ll know...
Finding the Right Savings Account to Match Your Financial Goals
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Thomas (TJ) Porter
Finding the Right Savings Account to Match Your Financial Goals
Learn what makes a good savings accounts and find out how to...
How Christmas Club Accounts Help You Save for the Holidays
Learn more about Christmas Club savings accounts and how they work. Compare them to the top online savings accounts that may offer higher interest rates.
How Your Bank Uses Deposited Funds to Generate Revenue
Learn what banks do with the money in your savings accounts as it all has to do with how banks make money to stay in the business of deposits and loans.
Understanding How Your HSA Can Lower Healthcare Costs While Building Savings
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Simon Zhen
Understanding How Your HSA Can Lower Healthcare Costs While Building Savings
HSAs are a good way of reducing your taxes and saving money,...
Smart Strategies for Managing Your Annual Bonus Money
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Thomas (TJ) Porter
Smart Strategies for Managing Your Annual Bonus Money
Smart ways to use your year-end bonus to improve finances, including boosting...
Smart Ways to Build Your Dream Wedding Fund with the Right Savings Strategy
Learn how you can create a the right savings account that will help you establish a wedding fund, including what account to pick and how to stay on track.
Plan Ahead for Major Expenses Without Going Into Debt
Learn about the concept of a sinking fund and how you can use it as part of your budget to avoid taking on debt for planned major expenses.
Is Chasing the Highest Savings Rate Worth Changing Banks?
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Thomas (TJ) Porter
Is Chasing the Highest Savings Rate Worth Changing Banks?
Is it worth switching banks for a better savings rate? Learn the...
Smart Savings Strategies Grandparents Can Use to Build Their Grandchildren’s Financial Future
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Lance Cothern
Smart Savings Strategies Grandparents Can Use to Build Their Grandchildren’s Financial Future
Explore ways grandparents can save for their grandchildren's financial future, whether for...
How Savings Accounts Help You Grow Your Money and Reach Financial Goals Faster
Learn the basics of choosing and using a savings account to maximize the growth of your money, so that you'll reach your financial goals faster.
Steps to Open and Maintain a Private Bank Account Without Detection
Find out what you need to do in order to keep a secret bank account from your spouse, parents, and family members for the sake of financial independence.
Smart Ways to Build Your Savings on a Tight Budget
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Thomas (TJ) Porter
Smart Ways to Build Your Savings on a Tight Budget
If you don't have high income, learn about the different ways that...
Understanding the Key Differences Between Savings Accounts and Individual Retirement Accounts
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Thomas (TJ) Porter
Understanding the Key Differences Between Savings Accounts and Individual Retirement Accounts
Learn how savings accounts are different from IRAs and which one your...
Choosing Between Fixed-Rate Savings and Bond Investments: A Complete Guide
Compare savings accounts and bond mutual funds and ETFs (exchange-traded funds) to see which investment will yield higher returns on your money.
How to Find Your Routing Number for Savings Account Transfers
Do savings accounts have routing numbers? Learn how routing and account numbers work together to ensure accurate transfers and secure transactions.
Understanding the Key Differences Between Savings Accounts and Roth IRAs for Your Financial Future
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Thomas (TJ) Porter
Understanding the Key Differences Between Savings Accounts and Roth IRAs for Your Financial Future
Learn the differences between a savings account and a Roth IRA for...
Essential Information Every Saver Should Consider Before Choosing Where to Deposit Their Money
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Veronica Stewart
Essential Information Every Saver Should Consider Before Choosing Where to Deposit Their Money
Savings accounts are better than putting your money under a mattress. But...
Common Savings Account Charges That Could Be Draining Your Money
Know what savings account fees banks charge, why they exist, and how to avoid them. See online banks with higher rates and low or no fees.
Building Your Financial Safety Net: The Power of Savings During Middle Age
Find out why you shouldn't ignore a savings account in your 40s, when your finances have become more comprehensive and more complicated.
Smart Ways to Cut Your Family’s Laundry Expenses
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Daryl Paranada
Smart Ways to Cut Your Family’s Laundry Expenses
The average American family washes about 300 loads of laundry each year....
Should You Choose a Rewards Savings Account or Stick With Traditional High-Rate Options?
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Rebecca Lake
Should You Choose a Rewards Savings Account or Stick With Traditional High-Rate Options?
Find out whether rewards savings accounts are can provide better interest earnings...
Build Your Retirement Fund: A Practical Guide for 30-Somethings Starting Today
Already in your 30s and behind on retirement savings? Learn actionable steps to catch up and build a strong financial cushion for the future.
Smart Money Moves to Build Your Maternity Leave Fund
Learn how to financially prepare and save for maternity leave before your due date to cover weeks without income and protect your budget.
How to Decide If Setting Aside Money for Veterinary Emergencies Is Right for You
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John Csiszar
How to Decide If Setting Aside Money for Veterinary Emergencies Is Right for You
Review your finances to see if an emergency fund for your pet...
Making Bill Payments From Your Savings Account: What You Need to Know
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Thomas (TJ) Porter
Making Bill Payments From Your Savings Account: What You Need to Know
When your only remaining option for making a bill payment is to...
Organize Your Financial Future With Purpose-Driven Savings Strategies
Goal-oriented savings accounts can help organize your life and financial objectives. MyBankTracker breaks down goal-oriented savings accounts.

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