What is the difference between APY and APR in savings accounts?

Answer A savings account allows you to save money over a long period of time. The longer you save, the more money you earn in interest. APY and APR help determine the amount of interest you can earn over ... Read More »

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Do escrow accounts need to be in savings accounts?

Escrow accounts are held by third parties and are designed for savings so that bills, such as taxes for mortgages, can be paid, according to Lenders determine whether or not borrowers mus... Read More »

Traditional Savings Accounts?

You know you want to save and invest your money somewhere, but you don't know the best place for your money. There are many options available to the average consumer: a certificate of deposit, stoc... Read More »

What are online savings accounts?

A savings account is a type of banking product designed to help consumers save for major purchases, retirement or the cost of unforeseen events. An online savings account provides an alternative to... Read More »

The Best College Savings Accounts?

College tuition rates are continuing to rise. Accordingly, you need to plan fairly early for your child's education. A college savings account is one way to put your offspring on track to an indepe... Read More »