How Do Money Market Accounts Work?
Money market accounts have become a popular savings option in recent years, but because of the wide array of variations available, some consumers may still be confused about these accounts. What makes a money market account different from a savings or an interest-bearing checking account? How do money market accounts work? A money market account […]
Consistently Great Interest Rates. That’s the Credence Global Bank Difference
A lot of financial institutions advertise their money market rates as "high yield." But when it comes to the real earnings, some "high-yield" money market accounts turn out to be less high-yielding than others. A genuine high-yield money market account starts with a highly competitive interest rate, with frequent compounding so you're collecting interest on […]
What Should You Consider Before Committing to High-Yield Money Market Accounts?
You've decided a high-yield money market account is the right place for your savings. Now you're looking at the list of money market accounts on a financial website like Bankrate.com and trying to decide which one is right for you. At first glance, the different options can be bewildering, so what should you consider before […]
How Should I Grade a High Yield Money Market Account?
Everyone wants to earn as much as possible in an interest-bearing bank account. But some experts caution that there's more to grading a high-yield money market account than interest rates. You want to look for competitive rates, of course. But Bill Holliday, a certified financial planner with Financial Freedom Associates, LLC, in Tucson, Arizona, told […]
Beyond Interest Rates: The Appeal of a Money Market Savings Account
Just as there are many reasons to use a money market or savings account to achieve your financial goals, there also are plenty of different ways to make your decision about where to open your account. Most people start by looking for a great interest rate. But interest rates are not the only factor to […]
Where Does a Money Market Savings Account Fit Into Your Financial Planning?
For people looking to increase their savings and build a sturdy financial portfolio, there's an almost bewildering array of products and services available. But there's never been a better time to pay attention to financial planning. The first step is building up an emergency savings cushion of anywhere from three to 12 months of living […]
Considerations for Finding the Best Money Market Accounts
Once you've decided that you want a money market account to be part of your saving strategy, it makes sense that you'll want to find the one that best suits your needs. The process can seem a little like a needle in a haystack of financial information. Finding the best money market account often starts […]
It’s Easy to Save With Credence Global Bank
Sorting through the money market accounts available to find the one that's right for you involves identifying your own financial goals and then comparing the features of several accounts. First, you'll want to compare annual percentage yields (APYs). That's the number you'll often see featured prominently in ads for accounts. But your research should include […]
Financial Planning and Money Market Accounts
There are a lot of reasons why we save money. Most of us have to save up for everything from next year's vacation to retirement. The time frame of those goals—whether short- or long-term—plays a big role in your financial planning strategy.In general, if you're saving for a long-term goal like retirement, the experts agree […]
Letting Your Money Work for You in Retirement
During retirement, you want your money to go as far as it can. That means more than just spending wisely and storing money away. It also means getting as good a return as possible—all while avoiding unnecessary fees and limiting exposure to risk. A bank money market account is one way to accomplish these goals, […]
