Personal Finance FAQs

Banking FAQs

Featured Banking FAQ:

What is interest and why do banks pay it?

Interest is what someone pays someone else for temporary use of their money. Sometimes banks pay consumers for temporary use of their money, and sometimes consumers pay banks for use of their money.

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More Banking FAQs

Consumers putting their money in different places now

Banking News

Consumers putting their money in different places now

A recent report from credit giant TransUnion took a look at where people are now putting their money and had some interesting findings. Read more

Banking Tips

FDIC Insurance increase extended

The increase in FDIC Insurance coverage for deposit accounts was originally slated to end on December 31, 2009, but the increased coverage will now be in effect for four more years. Read more

Banking Calculators

Compound Savings Calculator
Compound Savings Calculator

Consistent investments over time can be an effective strategy to accumulate wealth. Put this savings strategy to work for you.

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Frequently Asked Questions - Banking