10 Best Credit Unions of 2021
The best credit unions offer the same accounts and services as banks but often with much better terms. NerdWallet researched some of the country’s top institutions — both national and…
Margarette Burnette
Margarette Burnette is a savings account expert for NerdWallet. She has written about interest rates and savings products since before the Great Recession and recent recovery. Her work has been featured by The Associated Press, USA Today and a number of newspapers across the country. She has a bachelor's degree in business administration from UNC-Chapel Hill. Along with avoiding bank fees, Margarette enjoys jogging, tennis and automatic savings deposits. Email: [email protected].
Posts by Margarette Burnette:
What Is Interest?
Interest is the money you receive for loaning out funds, and it’s also the money you pay when you borrow funds. In a nutshell, it’s the amount charged for the…
Best High-Interest Accounts of January 2021
The best high-interest deposit accounts offer some of the highest interest rates you can find.
Savings Rates Are Staying Low. Here’s Why, and What to Do
If your bank has lowered rates on your savings account, don’t take it personally. It’s not you, it’s them. Interest rates have dropped across the board, and they’re likely to…
What Are Negative Interest Rates?
When you open a savings account, the bank typically pays you for depositing your money. This is called interest, and the amount paid, or the interest rate, is a percentage…
Chase vs. Wells Fargo: Which Is Best for You?
Wells Fargo and Chase are two of the largest U.S. banks, and they make it convenient to bank in person, with many ATMs and branches. One big difference: Chase offers…
U.S. Bank vs. Chase: Which Is Best for You?
U.S. Bank and Chase offer similar benefits, such as multiple account offerings and extensive ATM and branch networks. But which is best for you? To help you decide, we compared…
Bank of America Interest Rates: How They Compare
Bank of America interest rates are lower than what you can find at other banks. Its Advantage Savings account has a annual percentage yield, or APY. There are slightly better…
What Is the Average Savings Account Interest Rate?
Average interest rate for savings accounts The national average interest rate for savings accounts is APY, according to the Federal Deposit Insurance Corp. Online banks typically offer savings rates that…
How to Be Reunited With Your Long-Lost Money
Are you owed money you don’t even know about? You might be, if your name is in an unclaimed property database. Each year, billions of dollars from forgotten security deposits,…
