Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Gordon Scott has been an active investor and technical analyst or 20+ years. He is a ...

For most people, a bank account is simply a place to hold money, not make money. Yet there are several types of bank accounts, so consumers should know which ones best fit their needs. A lot of people ...

Direct deposits are a faster and more convenient way to access your money than paper checks. When you sign up for direct deposits, paychecks go directly into your bank account every payday. You can ...

A direct deposit was an added perk offered by banks back in the day, but it has become a default option for most users. When paper checks were the norm, people often wanted to know what day a ...

If you think that fixed deposits are only for conservative cash-rich aunties and uncles, think again. A fixed deposit (also known as a time deposit) account is a type of bank account that pays account ...

Certificates of deposit (CDs), savings and money market accounts all earn interest while keeping your money safe at federally ...

Demand deposit accounts (DDAs) are the most common type of bank account. Many people don’t realize it, but a checking account is a DDA. The reason for its name is that the bank is required to allow ...

A demand deposit account, or DDA, is a type of bank account that you can withdraw from on demand. The most common types of DDAs are checking and savings accounts, but money market accounts are also ...