4
votes
1answer
175 views

How do I evaluate risk exposure to my U.K. bank in light of the possible collapse of the Euro or Eurozone economies?

I understand there are concerns about runs on banks in Eurozone countries like Greece and Spain. Should this happen, it might put pressure on banks elsewhere. How can I evaluate the risk exposure of ...
3
votes
1answer
104 views

Better rate for investment between CD or savings

I have been considering either renewing my CD (Certificate of Deposit) from my local Credit Union which is at 1.35% APR (1.3591 %) dividend rate (monthly compounded) for one year. I recently noticed ...
10
votes
6answers
2k views

Should I have separate savings accounts for various savings goals?

I have read through some personal budgeting articles and saving tips. Most articles and books mention saving money for emergency funds, large purchases, etc. Should emergency funds and saving funds ...
5
votes
3answers
1k views

What's up with this weird Wells Fargo account nickname policy?

This question is super random, but I have a savings account that I want to throw 10% of my money in per month for savings. I wanted to nickname it "Tithing", and Wells Fargo gave me this error: ...
7
votes
1answer
233 views

How to save and partition money for a University student

I'm about to start my first "professional" internship/job, but I will be getting paid. I will be making around 1100$ every 2 weeks and saving around 8800$ during the whole summer. This is more money ...
10
votes
2answers
5k views

Why is there a limit of 6 ACH transfers out of savings accounts (per month)?

I recently discovered this limit the hard way, after being charged a fee for each transfer over the limit. With online banking becoming so prevalent, this is a huge inconvenience as it prevents people ...
4
votes
3answers
501 views

Is a High-Yield Savings Account with 1.25% APY too good to be true?

Okay, Sallie Mae is advertising a savings account with 1.25% APY. That seems incredibly high for a savings account, especially right now. It seems like a too good to be true type thing. Is there a ...
5
votes
1answer
48 views

Can a monetary settlement be placed into an account that provides gradual access to the funds?

I want to place a lump sum into an account that will give the account holder gradual access to it so they won't immediately spend the lump sum on frivolous large purchases (or at least not until ...
8
votes
3answers
337 views

At what age should I begin discussing money - saving, spending, investing - with my child / children?

In addition, when should I open a savings account at our bank for my kids; and give them accountability over it?