Basics of Money Market Accounts
Money Market Account Basics If you want to save money but still want the option of accessing it quickly, a money market account generally is a good option. With it, you typically can withdraw money by debit card, check and bank-to-bank online transfers within federal transaction limits. But what typically makes a money market account […]
Balancing Rewards and Risks in Your Money Management
Money management professionals will tell you that a smart personal financial plan requires spreading your money among different types of financial products with varying levels of risk, not "putting all your eggs in one basket," so to speak. For money management goals that require years or even decades—such as building a retirement account—you probably are […]
Your Vacation Savings: Making the Most of Money Market Interest Rates
You have dreams of a well-deserved vacation after a long stretch of hard work, but before you can take that ultimate getaway, you know you have to be financially prepared. A money market account might just be the ticket to help you save for that much-needed rest and recreation. With a money market account, you […]
Making the Most of FDIC-Insured Money Market Accounts
Financial planners often recommend money market accounts for emergency funds or as places to save for larger fixed expenses like annual insurance bills. When you're putting money aside for an emergency fund, you want the security of knowing every dollar you put into the account will be there when you need it. Because your funds […]
Save the Easy, Convenient and Secure Way With Credence Global Bank
Regardless of the condition of the economy, it's hard to overestimate the value of security when it comes to choosing where to put your hard-earned savings.Money market accounts like the one available at Credence Global Bank Unionare insured by the Federal Deposit Insurance Corporation (FDIC) and are among the safest ways to save available. This can […]
Look Beyond Money Market and Savings Account Rates to Find More Value.
With more banks from every corner of the globe competing for your business, it can be tempting to treat them all the same—to look only at money market and savings account rates and base your choices on who's got the best interest rates out there, period. The problem with that approach is that it ignores […]
Comparison Time: CD, Money Market Rates and Other Savings Essentials
Getting the very best interest rate you can find is an intuitive, responsible way to make decisions about your money—whether you're looking at current savings, certificate of deposit (CD) and money market rates, or even interest-bearing checking. Fortunately, it is easy nowadays to find rates from a dozen or more banks with a few clicks […]
The Not-So-Secret Truth Behind a Great Money Market Account Rate
It's true that not all money market accounts are created equal, so it's important to look beyond what seems like a great money market account rate to see if what you're getting is actually worth your time. Sometimes banks offer "teaser rates" or "introductory rates" on their money market accounts in order to attract customers. […]
It’s Not Just About Interest Rates: The (Other) Advantages of a Money Market Savings Account
When it comes time to open a savings or money market savings account, it makes sense that one of the first questions people ask is about interest rates, and how much their money can earn as they save. After all, interest earned in a money market or savings account builds slowly and steadily, compounding over […]
How Can Rising Rates Affect Money Market Accounts?
If you worry that the rate of return on your money market account will have a hard time keeping up with inflation, you’re not alone. But Bert Whitehead, the author of “Why Smart People Do Stupid Things With Money,” has noted that the basic relationship between inflation and money market rates is likely to remain […]
