A certificate of deposit, or CD, is an investment option that is considered low-risk. However, consumers looking for a higher rate of return or liquid investment may want to consider other options such as mutual funds.
For the third consecutive year, LendEDU has published our annual report featuring the most and least complained about banks. In 2018, we sifted through 244,114 complaints to see which banks received the most and least complaints.
American Express Personal Savings is a high-yield savings account that provides great benefits to borrowers. There's no monthly fee or minimum balance requirements, and it's easy to move money in and out of the account. Your account is also FDIC insured.
Using a credit union for everyday banking or financing needs can be an advantage for account holders. Because credit unions are not-for-profit institutions, they may offer more benefits with fewer fees than comparable regional or national banks that prioritize profits.
Student bank accounts provide a way for students who are away at college to start learning good budgeting and financial habits, and they’re a convenient and efficient way for students to learn to manage their personal finances. Some banks and financial institutions offer bank account products that are specifically geared toward students with features such as no fees.