Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Gordon Scott has been an active investor and technical analyst or 20+ years. He is a ...

A certificate of deposit is a type of investment account that offers a fixed interest rate for a specific time period. CDs are often used as a form of a savings account. The money deposited into a ...

Demand deposit accounts (DDAs) are the most common type of bank accounts, and most Americans have one or more of them. They provide easy access to your money, making them suitable for holding your ...

The Federal Deposit Insurance Corporation (FDIC) issued a Notice of Proposed Rulemaking (the Proposal) on September 17, 2024, that seeks to strengthen recordkeeping for bank deposits held by nonbank ...

Savings accounts are available mainly at federally-insured banks and credit unions, providing a secure means to store your money while earning a small to moderate amount of interest. Although many big ...

Proposed rules would mandate that banks holding custodial deposit accounts with transactional features maintain records of the underlying beneficial owner and the amount attributable to each ...

Deposits over $10,000 are treated a little differently by banks because of a law called the Bank Secrecy Act. Under this law, ...