What happens to your money in a savings account if a bank goes out of business?
Emanuel C asked: If you have money in a savings account in a bank, what happens to your money when the bank goes out of business??Clay
Take the money in savings and pay off credit card debt?
blanquita asked: Okay, so I have had this dark cloud of credit card debt looming over me for about 10 years. I have it paid down sufficiently, but a big amount is still there. I now have money in my savings that would allow me to totally pay it off. Opinions? Should I [...]
Which banks consistently pay high rates on money market savings accounts? Or, where can I find relevant data?
Fred asked: I want to open a new money market savings account, and I’ve compared current rates at bankrate.com. However, I’d like to put my money into an account that is consistently among the highest rates, even if it is not the absolute highest rate available right now.
Thanks for any information!Charlotte
Should I lower my 401K contributions and opt for a savings/money market account?
MM asked: Given the economy, should I lower my 401K contributions and opt for something safer–like a money market or savings account? I current invest 9%. I’m new to my company, so they do not match yet.Alan
Money? Savings?
muqtada al-sadr asked: 1) Which amount would you personally consider to be a good savings?
2) About how much is the average savings account these days?
3) How much money do you wanna give me?Rosemarie
Get rid of PMI on condo or put money in savings account?
Steven W asked: I own a condo and I am currently saving up to purchase a house in the next 2-3 years. I am within a few thousand from reaching the 20% mark on my loan to where I would no longer have to pay PMI.
Would it be wise to pay off to where [...]