Joint Bank Accounts: How and When They Work
Joint bank accounts are checking accounts that belong to multiple people, each of whom can contribute to and use the money in the account. Such accounts are a good fit for couples, parents…
Tony Armstrong
Tony is a banking editor whose work has been featured by the Los Angeles Times, Mashable, Money, Nasdaq.com, USA Today and VentureBeat. He has appeared on Minnesota Public Radio. Tony earned a bachelor's degree in English literature and creative writing from Macalester College. Email: [email protected].
Posts by Tony Armstrong:
June Fed Rate Hike: What It Means for Your CDs
Federal Reserve rate hikes, such as Wednesday’s one-quarter percentage point increase, often lead to higher annual percentage yields on certificates of deposit, or CDs. APYs on long-term CDs at many online…
Personal Check: What It Is and When You Need One
What is a personal check? A personal check is a slip of paper that is processed from your checking account. On the check, you write an amount of money and…
10 Best Online Checking Accounts of 2019
The best online banks have fewer fees and higher interest rates than traditional banks, in part because of the money they save by not operating branches. And they’re secure, backed by the Federal…
Ally Bank vs. Simple: Which Is Best for You?
Editor’s note, Jan. 7, 2021: Simple, a subsidiary of BBVA USA, is being shut down. Accounts will eventually be transitioned to and serviced exclusively by BBVA USA. For other strong online…
Ally Bank vs. Capital One 360: Which Is Best for You?
Ally Bank and Capital One 360 are two online banks that offer higher annual percentage yields, or APYs, than most traditional banks. If you’re looking to earn more on your…
December Fed Rate Hike: What It Means for CDs
Federal Reserve rate hikes, such as Wednesday’s increase, can result in better annual percentage yields on certificates of deposit, or CDs. APYs on long-term CDs — often called share certificates by credit…
How to Avoid a CD Early Withdrawal Penalty
When you withdraw from a certificate of deposit before the term ends, you typically pay a penalty. Unlike with other bank accounts, this tends to be the only fee that…
Western Union Fraud Case: How to File a Claim
In January 2017, global money transfer service Western Union agreed to pay the U.S. government $586 million as part of a settlement with the Department of Justice, the Federal Trade…
Need Multiple Savings Accounts? Here’s Where to Bank
Best banks for multiple savings accounts If you are considering having more than one regular savings account, these six financial institutions should be at the top of your list. They offer…
