The best money market accounts (MMAs) can be a great low-risk investment for building that emergency fund or storing extra cash. They offer better interest rates than personal savings accounts but are more liquid than certificates of deposit (CDs). The best strategy to start your search by using an online tool like the one below. […]
College is tough. You’re applying for scholarships, dealing with student loan debt, taking tough courses, and all while worrying about the end game – getting a job after graduation. An internship is one of the best things you can do to help with your job quest. If it’s new to you, an internship is a […]
If you’re wondering how to open a bank account, take heart: It’s a fairly painless process if you know what you need, what kind of account you want, and what kind of obstacles you could face along the way. And if you’re still on the fence about whether you need a bank account, we’ll tackle […]
This article has been requested by a small army of readers. For many of you, this article won’t apply much at all – for a few of you, hopefully this article will prove quite useful. As I mentioned a while back, I received an iPod Touch as a Christmas gift this year. An iPod Touch, […]
If you’ve run across the term “money market account” at your bank, you’ve probably wondered what it means. While it might sound kind of imposing, a money market account, or MMA, is very similar to a savings account. The biggest benefit to a MMA over a savings account, however, is that interest rates and terms […]
On Friday, Wesabe was launched to the public. For those unaware, Wesabe is a community-based (meaning similar to flickr or 43things) personal finance site that allows people to track financial information and share money ideas. From their extensive: Wesabe is a community of people who share our experiences with our money so we can help […]
Don’t expect the savings accounts at your brick-and-mortar bank to notice that the Federal Reserve has raised interest rates five times in the past two years. Rates have been at historic lows for years and will stay that way for awhile. There are still plenty of high-interest savings accounts available online and I’ll go through […]
If you’re searching for the best bank, you have a dizzying number of choices. The growth of online and mobile banking means there are more ways than ever to do your banking on your own time and terms — not your bank’s. According to the Federal Deposit Insurance Corporation, FDIC-insured banks lost about 4.8% of […]
At my previous job, I was employed for a while on a series of annual contracts that were renewed each May. The money that funded those contracts came from a series of research grants, as most of my job was oriented around helping process, organize, and distribute enormous piles of data. This meant that for […]
Jim writes in: How do you know when it is time to retire? Also how should you invest in retirement? Advice seems to be to go more conservative with investments but what if you’re retired for a long time? Jim is actually an old friend of mine who has read The Simple Dollar almost since […]