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Category: Savings Accounts

Cash, Money Markets, & SHY

We've written a fair amount recently about money market funds and other cash options. While that might seem like a boring subject in the midst of a bull run to new stock market highs, the reality is that interest rates
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SMI on the Radio: Should You Move Your Savings to a Money-Market Fund? (audio / transcript)

Money-market mutual funds, languishing since the financial crisis and Great Recession, are starting to yield better returns — making such funds an increasingly attractive vehicle for savers, as well as for investors
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Before You Invest

With the stock market near its all-time highs, it’s easy to get complacent. There’s a tendency to forget the pain of the last bear market, take on more risk than we should, and minimize the importance of basic financial
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How Recession-Ready Are Your Finances?

Every day seems to bring new headlines about the next recession — what will cause it, when it will hit, and how bad it will be. Today, for example, MarketWatch is prominently displaying this article: "Why a major trade war
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Money-Market Funds Are Back in the Game

The money-market fund (MMF) is back. After years of minuscule yields, this once-popular choice for savers is back to offering respectable returns — in some cases, at least equal to the rates offered by online
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Using Multiple Accounts to Reach Your Savings Goals

In 1909, Merkel Landis of the Carlisle (Pa.) Trust Company had what turned out to be a great marketing idea. Knowing that many of his customers set aside money for Christmas spending, he launched the “Christmas Club”
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Financial Regrets: Most of Us Have a Few

Many U.S. adults wish they had done things differently with their finances. That’s the key take-away from a new national survey from the personal finance site, NerdWallet. Specifically, 71% said they have financial
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Health Savings Accounts Grow in Popularity, Benefits Underutilized

The use of Health Savings Accounts (HSAs) is growing rapidly, but users are not taking full advantage of all that the accounts have to offer. Those are some of the key findings in the Employee Benefit Research Institute’s
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At Long Last, Rates for Savers Begin to Rise

The Fed’s latest interest-rate increase, continuing a rate-hike pattern started in December 2015, is nudging rates higher for savings accounts, money-market accounts, and certificates of deposit. Rates paid on savings
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SMI on the Radio: The Wisdom and Foolishness of Saving Money

SMI Executive Editor Mark Biller is on the radio this weekend with Rob West and Steve Moore of Compass – finances God’s way. Their conversation takes a closer look at saving money — how much is too little and how much is
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