What is a savings account? Definition, how it works
Here’s everything you need to know about savings accounts.
10 min read
Feb 14, 2025
Sarah Sharkey
Contributor, Personal Finance
Sarah Sharkey is a personal finance writer who enjoys helping people make smart financial decisions. She lives in Florida with her husband and dog. When she's not writing, she's outside exploring the coast.
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- Business Insider
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- Money Under 30
Sarah's latest articles
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Mortgage recasting: What it is and how it works
You pay a lump sum now to cut future monthly payments. But there are drawbacks.
5 min read Jan 09, 2025 -
Mortgage loan originators: What are they and what do they do?
It’s your administrative rep during the mortgage application process. But don’t rely on them to approve you.
6 min read Aug 13, 2024 -
Wraparound mortgage: What it is and how it can help buyers and sellers
The home seller becomes your lender In this obscure financing option.
6 min read May 24, 2024 -
Mortgage bankers: Who they are and what they do in home lending
Here, we explore what mortgage bankers do in the process of getting a home loan.
3 min read Feb 27, 2024 -
How to open a certificate of deposit (CD)
Everything you need to know about opening an account.
4 min read Feb 27, 2024 -
How to get financial assistance after a natural disaster strikes
Whether a wildfire, hurricane or other type of disaster has affected you, the process of rebuilding will take time.
7 min read Feb 16, 2024 -
How does repossession work? And how can you stop it?
There may be ways to avoid car repossession by working with your lender.
5 min read Feb 05, 2024