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Spencer Tierney

Spencer is a writer and expert on certificates of deposits at NerdWallet. His work has been featured by USA Today, MSN, SF Gate, the Los Angeles Times and more. He earned a bachelor’s degree in English at UC Berkeley. You can reach him at [email protected].

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Posts by Spencer Tierney:

10 Digital Banking Services Changing Up Checking

Spencer Tierney
Feb. 18, 2021

New banking players are redefining what a checking account looks like. Financial technology, or fintech, companies in banking — often called neobanks — typically offer mobile-focused accounts with eye-catching features,…

Read More

Black-Owned Banks and Credit Unions: Where to Find Them

Spencer Tierney
Feb. 1, 2021

Black-owned banks tend to serve African Americans more than other banks do. Their mission includes closing the wealth gap in America. » Skip ahead to the The typical white family…

Read More

3 Ways Minority-Owned Banks Make a Difference in America

Spencer Tierney
Dec. 11, 2020

One type of bank plays an outsized role in creating more economic opportunity for people of color. From a Black leadership perspective, a bank is more than “a place where…

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How to Close a Bank Account

Spencer Tierney
Dec. 9, 2020

Saying goodbye to a bank account isn’t as easy as unsubscribing from email newsletters, but with the right planning, you can make sure that account doesn’t linger as an unwelcome…

Read More

5 Best Military Banks and Credit Unions

Spencer Tierney
Jan. 29, 2021

Serving people who serve their country is what military banks and credit unions do best. Our favorite military-focused financial institutions offer a combination of account options, competitive rates and low…

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Your Mental Health Can Affect How You Save Money

Spencer Tierney
Nov. 23, 2020

Tools like spreadsheets and budgeting apps can help you get better at saving money. But you might need to look beyond hard numbers to get a full financial picture. Your…

Read More
How to Invest in CDs: 3 Strategies

How to Invest in CDs: 3 Strategies

Spencer Tierney
Oct. 12, 2020

When choosing a certificate of deposit, you might ask yourself — or the internet — whether you’re getting the best rate. After all, once you have a CD, you lock…

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CD Loan: How It Works

Spencer Tierney
Oct. 8, 2020

Typically the only way to use money from a certificate of deposit at a bank or credit union before its term ends is to withdraw early and pay a penalty.…

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It's Still Worth Having a Savings Account or CD

Savings Accounts and CDs Are Still Worth It Despite Low Rates

Spencer Tierney
Oct. 1, 2020

Today’s best rates for savings accounts and certificates of deposit are a far cry from last year’s rates of 2%. And rates across most banks will likely keep dropping. “It…

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GettyImages-956300778.jpg-diversification-made-simple-investing-in-and-out-of-the-stock-market-FB

Chase vs Citibank: Which Is Best for You?

Spencer Tierney
Sept. 23, 2020

The two big national banks Chase and Citibank have solid branch and ATM networks that reach both coasts, but they differ in some ways. Consider what’s important in your banking…

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