Acorns is a financial app that allows users to invest their spare change by rounding up transactions to the nearest dollar and then uses the difference as an investment. You have the option to add this amount to an investment portfolio which can either be done automatically or manually by selecting which of the roundups […]
Tag: savings account
How do savings accounts work?
In simple terms, a savings account is a bank account that allows you to deposit your money and earn interest on that money. The main reason why the banks can offer you interest is because the banks are able to use your money to loan money to lenders and charge them a much higher interest. […]
7 Top Highest-Yielding Bank Accounts for 2020
Personal finance experts often recommend that everyone should have money reserved for emergencies like an unexpected car or home repair, medical bills, or job loss. High-yielding bank accounts are perfect for that since they’re investments with little to no risk, and you can cash out the money immediately. While most bank accounts pay an average of […]