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What is a cash management account?
Here’s what to know about the checking and savings account alternative.
Karen Bennett is a senior consumer banking reporter at Bankrate. She uses her finance writing background to help readers learn more about savings and checking accounts, CDs, and other financial matters.
Karen brings decades of writing and reporting experience to the table, including the roles of credit cards writer for travel website Million Mile Secrets and money and career writer for The Cheat Sheet. Her work has also appeared in USA Today, Illinois Legal Times, and several Chicago, Milwaukee, and Washington, D.C. newspapers. In addition, she’s worked in the areas of marketing and business development, and she was product manager for a consumer money-saving website.
When she’s not writing Bankrate articles, she can often be found cheering her kids on at soccer games, cooking and reading up on saving for retirement and other personal finance topics.
Here’s what to know about the checking and savings account alternative.
These accounts provide easy access to your money.
Here are 11 creative ways to save money, regardless of your financial goals.
Take these simple steps to jumpstart your savings plan for a new car.
Here’s when to find the deepest discounts on a range of big purchases.
A bank reconciliation statement helps you track business finances and catch errors.
All CDs have one thing in common: They’re among the safest places to park your cash.
You can find a CD account that significantly out-earns the national average if you shop around among banks.
Here are some places to look for a source of funds.
Comparing savings rates can ensure you get the best return on your savings.
Check out the latest CD rates from Bankrate’s weekly survey of banks and thrifts.
Your banking past has come back to haunt you. Here’s how to ask for a second chance.
There are ways to access your money and ultimately spend it. Here’s how.
These accounts sound similar, but there are some key differences to know.
Here’s the difference between APY and interest rate.
The advice is really simple, but reaching the goal is more challenging than it sounds.