After a year of surging prices, members are still grappling with the effects of rising inflation. Add in the rocky performance of Wall Street, and people are looking for a silver lining. One such opportunity is beginning to shine as savings rates also start to climb – it’s called a certificate of deposit (CD).
Every day, our cash society seems to move more into the digital realm. A prominent cause of this shift is convenience, and mobile wallets make the transition seamless. Despite the rise in popularity, many members are still unsure about this newer technology. Is it safe? What happens if you lose your phone? It makes sense to be hesitant since a mobile wallet can hold so much of your financial information.
The ability to buy a product or service now and pay for it over time is nothing new. It's the same concept that made credit cards one of today's most popular forms of payment. Yet everywhere you look lately, from grocery stores to online retailers, there is a “new” way to pay: Buy Now, Pay Later (BNPL).
While the ability to transfer money between accounts is convenient, maintaining multiple accounts can become challenging – especially if you have several accounts. If you stop using an account for a while, what happens to it? Better yet, what happens to the money in there?
Creating a will, estate planning, and maintaining a life insurance policy are all wise financial moves. However, there is a very simple way to ensure your funds pass directly to your loved ones. It’s called a beneficiary.
When working with a financial advisor for your retirement planning, they may suggest that you open a Health Savings Account (HSA). But what exactly is a health savings account, and how can it benefit you – both in retirement and for health-related expenses?
More businesses and financial institutions are embracing digital documents. With protection against paper statements or bills being lost, stolen, or misplaced, digital versions are quickly becoming the norm.
You can probably guess that an emergency fund is for financial emergencies just by the name. Everyone can agree that most financial challenges tend to pop up when they’re least expected. They can range from unexpected car repairs or medical expenses to a sudden job loss or a decrease in work hours.
Nowadays, with more and more information being backed up and stored on the cloud, you might wonder if you really need a safe deposit box. The answer is really dependent on the individual asking.
While you can sit and wait for your tax refund check to hit your mailbox, it can be a long, painful, and frustrating wait when you really need that money. The good news is that the IRS will directly deposit your tax refund (some or all of it) electronically into your savings or checking account.
