A highly anticipated interest rate cut finally looks imminent for the weeks ahead. After the Federal Reserve issued three rate reductions in the final months of 2024, both savers and borrowers anticipated additional, if fewer, cuts in 2025. But that hasn't ...

A savings account is a type of deposit account at a bank, credit union or other financial institution that earns interest. Savings accounts are typically used to achieve short-term financial goals, such as making a down payment on a home or to build an ...

Tony Armstrong leads the banking team at NerdWallet. He has covered personal finance for over a decade. Tony began his NerdWallet career as a writer and worked his way up to editor and then to head of content on the banking team. His writing has been ...

When it comes to building your financial cushion, where you park your money matters almost as much as the amount you put away in your savings account. The problem many savers encounter, though, is that traditional savings accounts at major banks typically ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Chime offers a high-yield savings account with no monthly fees or minimum deposit RgStudio / Getty Images Chime offers a “high-yield ...

SoFi Checking and Savings is a combination checking and savings account that earns an APY of 3.80% (variable and subject to change) on the money you keep in the savings portion of the account. To earn that rate, you'll need to do one of the following: 1.