Articles and news about savings products and ways to save

In this category you can consult all kinds of articles and current news related to savings. You will be able to find out about the latest products to make your money profitable and read advice and recommendations to save in your day-to-day life and get a cushion of money that allows you to live more peacefully.

Savings Accounts vs Money Market Accounts

It is common for many people to confuse certain financial terms because they are not used to managing every little detail of their money. This confusion can arise between savings accounts and money market accounts (MMA), whose characteristics tend to be very similar. In this article we will see wha..

11/11/2022 Read more

Differences between checking and savings accounts

The appropriate choice of banking products should be focused on their usefulness for our personal finances. Due to lack of knowledge, there is a tendency among users not to be able to differentiate between a checking account and a savings account. For this reason, we clear up this confusion so that..

10/25/2022 Read more

What is APY (Annual Percentage Yield) and how is it calculated?

When comparing bank products or reviewing terms and conditions for an account, personal loan, online credit, certificate of deposit or investment, you need to be alert. Understanding details such as the nominal interest rate, APR and APY can make a big difference in terms of earnings and savings. W..

10/7/2022 Read more

Types of bank accounts in the United States

The proper management of money is a topic that lends itself to a heated debate about the most appropriate ways to manage our resources. One of the threads of the question lies in the need or not to have an account in a bank or credit union for this purpose. Preferences aside, the time is right to r..

9/29/2022 Read more

What is the FDIC (Federal Deposit Insurance Corporation)

Many nations have a series of mechanisms and institutions responsible for ensuring the proper functioning of their economy. In the US context, there are several specific organizations that contribute to strengthening the financial stability of the state. Like the Federal Reserve or the CFPB, the FDI..

9/15/2022 Read more

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