Credit Unions vs. Banks: How to Decide

By |2022-09-29T15:11:57+00:00March 23rd, 2020|Banking Basics, SmartMoney Online|

Original Post By Devan Goldstein Nerdwallet If you’re choosing between credit unions and banks, look at key differences like profit models, interest rates and branch access to figure out which aspects are most important to you. Why choose a credit union? Typically has higher interest rates on deposits. Emphasis [...]

Certificate of Deposit: What is a CD?

By |2022-09-29T15:11:58+00:00March 23rd, 2020|Banking Basics, SmartMoney Online|

CDs can have higher rates than standard savings accounts, but your cash isn't as accessible. What is a CD? Definition: A certificate of deposit, or CD, is a type of federally insured savings account that has a fixed interest rate and fixed date of withdrawal, [...]

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