Reviewed by Thomas J. Catalano Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South Carolina, where he launched his own financial advisory firm in 2018. Thomas’ experience gives him expertise in a variety of areas including investments, retirement, insurance, and financial planning. Learn about our Financial Review Board Fact checked by Suzanne … Read more
The best high-yield savings account rate is 5.00% APY from Pibank and Openbank. That’s more than 11 times the FDIC’s national average for savings accounts of 0.43% APY.1 A high-yield savings account is great because it pays more interest, while still giving you the flexibility to withdraw your money when needed. All savings accounts and rates … Read more
The 10 Best Finance and Wall Street MoviesClose To find and open a high-yield savings account that’s right for you, start with some research regarding rates, terms, and account features. Check our daily ranking of the best high-yield savings account rates to get a head start. Then, opening a new account is usually an easy process that … Read more
The 10 Best Finance and Wall Street MoviesClose Interest on a savings account is the amount of money a bank or financial institution pays on your deposits. Compound interest is when interest is added to your deposit, then interest is calculated on that new higher amount. Compound interest on a savings account is calculated on … Read more
What Is a Business? The term business refers to an organization or enterprising entity engaged in commercial, industrial, or professional activities. The purpose of a business is to organize some sort of economic production of goods or services. Businesses can be for-profit entities or non-profit organizations fulfilling a charitable mission or furthering a social cause. Businesses range in … Read more
Stock market investment involves buying shares of publicly traded companies with the expectation of earning returns over time. It’s a way for individuals to grow their wealth through capital appreciation (increase in stock value) and dividends (periodic payouts by companies to shareholders). How the Stock Market Works Types of Stock Market Investments Benefits of Stock … Read more
Investing in a Fixed Deposit (FD) is one of the safest and most straightforward ways to grow your savings. It involves depositing a lump sum of money with a bank or financial institution for a fixed tenure at a predetermined interest rate. Features of Fixed Deposits Benefits of Fixed Deposits Things to Consider How to … Read more
Investing in cryptocurrency involves several steps that require research, planning, and caution due to the volatile and speculative nature of the market. Here’s a step-by-step guide: Step 1: Understand Cryptocurrencies Step 2: Assess Your Risk Tolerance Step 3: Choose a Reliable Crypto Exchange Step 4: Create a Crypto Wallet Step 5: Research Before Investing Step … Read more
Achieving financial stability involves building a solid foundation where you can meet your current financial needs while preparing for future goals without undue stress or financial strain. It requires a combination of sound money management practices, consistent habits, and long-term planning. Here’s a step-by-step approach to help you achieve financial stability: 1. Create a Budget … Read more
Financial planning is the process of managing your finances to achieve specific life goals, such as retirement, buying a home, or funding education. It involves creating a strategy that outlines how you will save, invest, and spend your money over time to ensure financial security and meet both short-term and long-term objectives. Benefits of Financial … Read more