Are You Saving Money in the Right Place?
If you’re working toward a savings goal, you have a lot of options for where you can put away your cash. Savings accounts, certificates of deposit, money market accounts, cash…
Chanelle Bessette
Chanelle is a personal finance writer at NerdWallet covering banking. When she isn't finding the best interest rates, she can be found hiking around Lake Tahoe or traveling to the next spot on her bucket list. She previously worked at Fortune, Forbes and the Reno Gazette-Journal. Email: [email protected] Twitter: https://twitter.com/crbessette
Posts by Chanelle Bessette:
Cash Management Accounts vs. Brokerage Accounts: How They Compare
If you’re interested in the stock market, chances are you’ve heard of brokerages like Wealthfront, SoFi Money and Robinhood. And over the past year or two, more of these firms…
Are Cash Management Accounts Safe? How CMAs Protect Your Money
Cash management accounts are accounts offered by nonbank financial service providers that allow people to save and spend their cash. CMAs are usually found at brokerages, not chartered banks, which…
‘When Can I Shred This Check?’ and Other Online Banking FAQ
As the COVID-19 pandemic leads banking customers to lean into online technology to manage their money, those trying online banking for the first time may find themselves with questions about…
Fidelity Review: Online Cash Management Account
The Fidelity Cash Management account is technically a brokerage account, which means it’s not a bank account and doesn’t have the same regulations or offerings (like a savings account) that…
Robinhood Cash Management Review
Robinhood Cash Management is a feature of Robinhood’s brokerage account and an opportunity to earn a solid APY on your cash. Like other cash management products, Robinhood Cash Management is not a…
Personal Capital Cash Review: Online Cash Management Account
Personal Capital Cash helps customers manage their money with the benefit of no fees or minimum balance. Cash management accounts — also known as cash accounts — combine features that…
Betterment Checking and Cash Reserve: Online Cash Management Account Review
Like most cash management account providers, Betterment is not a bank. It’s an online financial service provider that helps customers invest their money. Betterment sweeps customers’ funds into accounts at…
Wealthfront Cash Review: Online Cash Management Account
Cash management accounts, or cash accounts, typically are a sort of hybrid of a checking and savings account and are usually offered by nonbank financial service providers, such as Wealthfront,…
SoFi Money Review: Online Cash Management Account
SoFi Money is an online cash management account offered by SoFi, a nonbank financial service provider best known for its student loan refinance loans. As is typical of cash accounts,…
