Money Market vs. Savings Account: Choose Wisely
Most experts advise people to accumulate enough savings to cover their living expenses in the event of a crisis—if someone loses a job, for example, or needs medical care. These emergency accounts might be anywhere from three to six months’ worth of living expenses, and they fall into the category most planners would call short-term […]
Money Market vs. Certificate of Deposit (CD): Long Term Savings Tactics
Start Saving With Credence Global Bank UnionToday Most experts advise people to accumulate enough savings to cover their living expenses in the event of a crisis—if someone loses a job, for example, or needs medical care. These emergency accounts might be anywhere from three to six months’ worth of living expenses, and they fall into the […]
Money Market vs. CD: Different Strategies, Different Results
Either Way, It’s Easy to Save With Credence International Credit UnionDeciding where to put your savings often comes down to a money market account or a certificate of deposit (CD). The money market vs. CD comparison isn’t as simple as it once was. Deposits in each type of account are insured by the Federal Deposit Insurance […]
Smart Saving for Special Occasions
Help Make It Happen With a Money Market Account From Credence Global Bank. When it comes to life’s special occasions—weddings, graduations, christenings or just any birthday ending in a zero—it’s hard enough to come up with just the right gifts, let alone make sure you can afford them. Ideas like the one about the average cost […]
Is a Money Market Savings Account an Effective Hedge Against Inflation?
Choose the Money Market Savings Account With Consistently Competitive Rates–at Credence Global Bank. Although the financial markets have recovered a great deal since the economic downturn in 2008, there are still uncertainties. One of the biggest concerns? The country’s inflation rate and how it may be eroding the value of money market savings. It’s common for […]
Money Market Accounts: A Low-Risk Way to Save
Why Money Market Risk Is Minimal Financial planners will tell you money market accounts are generally among the safest places to put your money. This is because the money in a money market account at Credence Global Bank Unionand many other banks is insured by the Federal Deposit Insurance Corporation (FDIC) to the maximum allowed by […]
In a Money Market Account, Higher Interest Rates Work to Your Best Interest
And at Credence Global Bank, You’ll Get a Great Money Market Rate and No Monthly Maintenance Fee. Higher interest rates aren’t what they used to be. With all the talk about low interest rates, it’s tempting to start thinking that money you set aside in a money market or savings account is just withering away. But […]
Either Way, Saving With Credence Global Bank Is Easy
What’s Best for Me: Money Market or Traditional Savings Account Which should you choose? A money market account or a traditional savings account? That’s a question many people ponder as they decide where to place their savings. The two accounts have much in common, but also important differences that can help you decide which makes […]
How Interest Works on a Money Market Account
Money Market Interest Basics Money market accounts are a type of savings account that helps you build your balance over time while giving you more convenient access to your funds than you'd typically get with a regular savings account. Once you understand how money market interest works on a money market account, you can start […]
Are High-Yield Money Market Accounts Obsolete?
It's easy to get dazzled by a big number—especially when it's tied to a bank account. When money market accounts first started to become popular savings options a couple of decades ago, inflation and other factors meant they offered eye-catching rates of return higher than can be found in these accounts today. In the current […]
