30 min
Breaking Down Bank Accounts: Checking, Savings, CDs, Money Market | E2 Banking Open Jam with Krista Edwards
-
- Education
What bank accounts do you need? What’s the difference between checking, savings, CDs, and money market accounts? Do you REALLY need all of them? These are the questions that we explore in today’s episode of our Personal Banking tour.
In this episode we dive into the main bank account types, their similarities and differences, and which ones you want to make sure you have. We also discuss our own personal bank account set ups and how we might change or optimize them based on what we’ve learned.
Show Notes:
[5:12] Account types and checking vs savings
[7:31] Justin’s personal banking strategy
[9:06] Krista’s personal banking strategy and balancing issues
[13:58] Money market and CDs
[15:20] High Yield Savings Account
[21:24] Should your checking and savings accounts be with different banks?
Mentions:
8 Best High-Yield Online Savings Accounts of February 2022 (nerdwallet)
I Will Teach You to Be Rich by Ramit Sethi
More of Ready to Roth:
Show Notes: readytoroth.com
Instagram: @readytoroth
Monthly Jam Email Newsletter: https://share.hsforms.com/1nN48aLB0S1KiECCdzpr9TAc5co6
---
Send in a voice message: https://podcasters.spotify.com/pod/show/krista-edwards/message
What bank accounts do you need? What’s the difference between checking, savings, CDs, and money market accounts? Do you REALLY need all of them? These are the questions that we explore in today’s episode of our Personal Banking tour.
In this episode we dive into the main bank account types, their similarities and differences, and which ones you want to make sure you have. We also discuss our own personal bank account set ups and how we might change or optimize them based on what we’ve learned.
Show Notes:
[5:12] Account types and checking vs savings
[7:31] Justin’s personal banking strategy
[9:06] Krista’s personal banking strategy and balancing issues
[13:58] Money market and CDs
[15:20] High Yield Savings Account
[21:24] Should your checking and savings accounts be with different banks?
Mentions:
8 Best High-Yield Online Savings Accounts of February 2022 (nerdwallet)
I Will Teach You to Be Rich by Ramit Sethi
More of Ready to Roth:
Show Notes: readytoroth.com
Instagram: @readytoroth
Monthly Jam Email Newsletter: https://share.hsforms.com/1nN48aLB0S1KiECCdzpr9TAc5co6
---
Send in a voice message: https://podcasters.spotify.com/pod/show/krista-edwards/message
30 min