savings accounts

How are you going to cover your expenses when you retire? Although your main source of income disappears, you’ll have the continual round of bills for utilities, fuel and food to pay. Of course, some companies provide a retirement pension, but this practice is becoming less common. As a result, everyone has to consider retirement saving. 

It has become increasingly difficult to invest money under the dark cloud of the global credit crunch and the following recession. Twenty American banks have already failed this year, and this number will certainly rise. Will your deposit be safe? The answer is yes if it is FDIC-insured. In case if the bank fails, you will receive your money back up to a certain amount. Here's how it works. 

With over 90 million members nationwide, U.S. credit unions have become an excellent alternative to banks. First of all, they offer similar products and services as banks. Then, credit unions offer better terms and conditions for loans. However, keep in mind that banks and credit unions have several fundamental differences. Read more about them to make a more educated choice.