A checking account is for managing your day-to-day finances, such as paying bills, making debit card transactions and writing checks. A savings account is for storing funds for emergencies or ...

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Chanelle Bessette is a personal finance writer at NerdWallet covering banking. She previously worked at Fortune, Forbes and the Reno Gazette-Journal. Her expertise has appeared in The New York Times, ...

Not all checking accounts pay interest. Among those that do, the numbers are pretty dismal — the average only pays 0.07%, according to the latest government data. Despite those low returns, dozens of ...

The Federal Reserve announced yesterday that it's keeping benchmark rates unchanged a second time while signaling two possible rate cuts later this year. Among the many ways the Fed's decision can ...

The highest APY available changes frequently. As of December 10, 2025, Digital Federal Credit Union offers 5.00% APY on the first $1,000 deposited. Other institutions offer up to 4.60%, according to ...

The biggest financial prank might be the one traditional banks play on customers — paying an average of 0.41% APY while high-yield accounts offer returns of up to 4.40% APY. This April Fool's, turn ...

NEW YORK (AP) — The Federal Reserve cut its benchmark interest rate by a quarter point Wednesday for the third time since ...

Nearly 90% of Americans currently save or plan to save for short-term goals, according to a Vanguard survey from earlier this ...