What is an IRA and How Does it Work?

What is an IRA and How Does it Work?

Today, there are two different types of IRA accounts. These are the Traditional IRA and the Roth IRA. While it is true that the requirements of each of these types of IRA do differ, the decision to invest in one or another heavily depends upon your income level....
How to Save Money on Credit Card Interest

How to Save Money on Credit Card Interest

Now that the interest rates of credit cards are at an all-time, record high, it is easy for holders of these cards to end up spending hundreds and even thousands of dollars each year on finance charges. The debt that is capable of accumulating is very expensive. In...
Third Party Banking Apps- The Low Down on Remaining Safe

Third Party Banking Apps- The Low Down on Remaining Safe

In recent years, the business of banking has continued to grow and evolve. Traditionally, consumers will typically open an account directly with a bank. They may do it in-person, on the website of the bank, or on the bank’s mobile app. If you are interested in or use...
FDIC Insurance Coverage: An Explained Guide

FDIC Insurance Coverage: An Explained Guide

The Federal Deposit Insurance Corporation (FDIC) is a federal government agency that protects depositors of insured banks from losing their funds when a bank that is insured fails. Ever since it was created in 1934, no depositor has lost a single penny of FDIC-insured...