MyBankTracker Blog

Thomas (TJ) Porter Compounding Interest Daily vs. Monthly: What’s Better for Your Savings? The difference between daily and monthly compounding interest is typically... In Your 20s With a Large Inheritance? How to Manage Your Extra Money Follow this guide when you're young and come across a large sum of money from a windfall, such as a sizable inheritance. Find out what steps you should take to ensure that your finances are set up correctly to avoid spending all the money on useless things. Learn where to deposit your money and how to invest it. Krista Baum 5 Biggest Car Sales Days of the Year Know when you can score the best deals when you're looking to buy a new car. Find out which days of the calendar year have historically provided car buyers with the best car sales and discounts. So, you can time your new car purchase for the biggest savings. Ben Luthi Rebecca Lake Discover® Bank IRA CD Rates 2025 Review Find out whether the IRA CDs from Discover Bank are worth considering for your long-term retirement savings. Learn about the interest rates, early withdrawal penalties, IRA types, a minimum opening deposits. Compare IRA CDs offered by other banks. See how you should go about picking the best IRA CD for you. Thomas (TJ) Porter PenFed Credit Union Personal Loan 2025 Review We analyze the features of personal loans offered by Pentagon Federal Credit Union (PenFed) to determine whether they're worth your consideration. Find out what interest rates are charged, the fees that may apply, and terms (borrowing terms and amounts). Compare them to the best personal loans available with other lenders. How To Protect Yourself From The 12 Most Dangerous Tax Scams of 2024 Find out what you need to look for and how you can protect yourself from becoming a victim of popular tax scams and different types of identity fraud. Paul Sisolak Unsecured Auto Loans: What’s the Catch? Find out whether there are any downsides to using an unsecured auto loan, a borrowing option that is not typically offered to most borrowers who are purchasing a car. Valencia Patrice Higuera Thomas (TJ) Porter How to Invest for Retirement When You Don’t Have a 401(k) The 401(k) is one of the most common retirement accounts, but not everyone has... Krista Baum Overdraft Fees: Different Types, Explained & Compared Managing finances is easier than ever with banks offering online and mobile... What's a Good Credit Score For a College Student? Find out what is considered a good credit score for a college student who wants to ensure that they're a low borrowing risk as they enter adult life. Learn what goes into calculating credit scores to understand how students should manage their debt correctly. See which credit cards are best for college students to build credit. Valerie Ashton How to Avoid Having Medical Bills Go to Collections Take these steps after you find out that your medical bills are now in the hands of a collection agency. Thomas (TJ) Porter Rebecca Lake The Best Credit Unions for Personal Loans When you need a personal loan, the sheer variety of options can be overwhelming.... Thomas (TJ) Porter Is It a Good Idea to Finance Furniture Purchases? Furniture stores and other retailers of big-ticket items are quick to try and make... Should You Close Your First and Oldest Credit Card? Find out whether you should close your first credit card because you're often told that you should keep your oldest credit card for as long as possible to maintain a good credit score. Learn about the basics of calculating your own credit score so to understand exactly what will happen when you shut down a credit line. Valencia Patrice Higuera Capital One 360 IRA CDs 2025 Review Learn all about the detail of IRA CDs offered by Capital One 360, one of the top online banks. Find out whether the certificates of deposit provide the best interest rates and low fees to make them suitable for your long-term retirement savings. Thomas (TJ) Porter Alex Feldler Savings Account Monthly Fee Comparison At Top U.S. Banks Stashing your money away in a savings account is a great step in taking control of... Thomas (TJ) Porter What Are Chase ATM Withdrawal Limit & How Can You Increase Them? Chase debit card withdrawal limits vary significantly based on card type and ATM... Should You Cosign Your Child's Student Loans? Find out whether it is a smart move for parents and legal guardians to co-sign the student loans for a child. Learn about the advantages and disadvantages of putting one's own credit on the line for a child's student loans. See what alternatives are available for financing a college education without co-signing. Krista Baum The Best Credit Cards for Restaurants & Dining of 2023 Find out which credit cards are best to help you earn the most rewards or cash back on your dining spending, whether at restaurants or taking out. Rebecca Lake Thomas (TJ) Porter The Differences Between Money Market Accounts and Money Market Funds Money market accounts and money market funds are two different types of accounts... Valerie Ashton Compare Overdraft Protection Transfer Fees at the Top U.S. Banks When your personal checking account balance dips below zero dollars, you have... Emergency Fund Calculator: Find Out Your Ideal Safety Net Find out how much money you should keep in an emergency fund, based on your monthly essential living expenses, to help survive unexpected expenses. Krista Baum How to Handle a Tax Bill That You Cannot Afford Find out why you owe so much in taxes this year. Learn what you can do to address a tax bill that you can't afford to pay off immediately. Understand what happens when you do not clear this debt with the IRS. Paul Sisolak Krista Baum Toys R Us Bankruptcy: What Will Happen to Your Credit Card? With a catchy commercial jingle and iconic Geoffrey the Giraffe mascot, Toys R Us is... Valencia Patrice Higuera How to Place a Credit Freeze at the Equifax, Experian, and TransUnion Your credit report contains highly sensitive information. Whether you’re... Should You Use a Bump-Up CD? Find out whether a bump-up CD (certificate of deposit) is the right savings option for you during a time when you're unsure about the direction of interest rates. Thomas (TJ) Porter The Best Savings Accounts for Your Emergency Fund Find out which savings accounts are the best for people who are looking to build an emergency fund. Learn how to calculate the perfect size for this rainy day fund. Use the tips to help you establish the emergency fund faster. Take note of the situations that justify the actual use of the money in this critical account. Rebecca Lake Thomas (TJ) Porter Should You Invest in a Traditional or Roth IRA CD? Certificates of deposit (CDs) are a special type of deposit account designed to... Simon Zhen How the Federal Rate Increase Affects Savings Accounts & Loans The Federal Reserve announced it decided to keep the target range for the federal... Which Credit Report Does Synchrony Bank Pull? Find out which credit bureau is most often used by Synchrony Bank, when pulling an applicant's credit report and how to check your own credit reports for free. Thomas (TJ) Porter