Choosing a Share Certificate or a Savings Account
We all know that we should be saving money, but knowing where and how to save your money can be confusing. The two most common ways to save money are by using either a share certificate or a savings account. Understanding the differences between the two will help you...
How Much Money Should You Put Away?
The savings rate is an important national economic statistic. However, it is even more important on an individual level. Whether it is a business or family, putting money away is key to staying afloat economically. Of course, everyone will go through ups and downs...
Checking Account, Savings Account, or Both?
In simple terms, a checking account is used to pay for expenses, while a savings account is intended to store money for later use. Checking accounts are designed for everyday transactions — your morning cup of coffee or a tank of gas. Savings account funds, however,...
Building Your Savings Account: How Much Should You Have Saved Up?
There’s a heavy focus on the importance of building your savings account. An increasing number of people are realizing how necessary it is to have a “rainy day fund” to fall back on. Businesses, for example, know that they need a 10% “rainy day” or contingency fund...