Category: Personal Finance

When it comes to answering the question: how much money can you have in your savings account, the answer, more often than not, is as much as you like. There is rarely a limit to the amount of savings you can have, be that in a single account, or split across multiple banks. That isn’t… Continue reading How Much Money Can You Have in Your Savings Account?

Making our hard-earned cash work for us is key to making the most of our salary.  Making your money earn money is a crucial way to make your savings grow and your income go that little bit further.  However, some means of putting money into savings are not as effective as others. In fact, some… Continue reading Can You Lose Your Money In A Savings Account?

Keeping your money safe is of fundamental importance.  Saving it under your mattress is not an option – even for a small amount of cash.  Most people choose to put their cash in a bank account, but is that really any safer?  And if so, how much money is secure in a bank? What about… Continue reading How Much Money Is Secure In A Bank?

Even before Covid-19 impacted the way most people earn money and conduct business, many Americans prioritized their financial security. But today, almost everyone seems to be wondering how they can best save for the future while also covering their daily expenses.  For some time now, high-yield savings accounts have been the go-to option for short-to-medium… Continue reading Are High-Yield Savings Accounts Worth It?

High-yield savings accounts come with all the bells and whistles that make even the most extravagant Americans want to save their money. That’s because they offer a much higher interest rate than what can be found with traditional savings accounts. If you’ve read our other articles, then, you’re likely well-versed on how high-yield savings accounts… Continue reading How To Open A High-Yield Savings Account

Recent global health anxieties have spurred many of us into taking interest in our financial security. But it might take a bit more motivation to get people to sock away some money for a rainy day. For Americans, a high yield savings account provides plenty of such motivation. But what are high-yield savings accounts, and… Continue reading How Do High-Yield Savings Accounts Work?

The days when stashing money under the mattress seemed like a viable and smart move may never return. Few people go so far as to keep cash in their houses, but many aren’t quite happy with the low interest rates and high service fees charged by financial institutions.  As banks profit from lending out your… Continue reading Do You Pay Taxes on High Yield Savings Account?

If you’re in a tough financial spot, you’ll likely want to tap into your savings account to cover any urgent bills. Most savings accounts will allow you to make a cash transfer or pay a bill, although you should be wary of transaction charges and withdrawal limits! Normally, a savings account isn’t designed to be… Continue reading Can I Make Payments From My Savings Account?