MyBankTracker Blog

6 Savings Account Fees You Need to Know About Be aware of the different types of fees that a bank could charge on a savings account. Find out why they are being charged, how much they cost, and what you can do to avoid them. Learn about online banks that are able to offer significantly higher savings rates without expensive fees. Thomas (TJ) Porter Nicole Dieker Deducting Student Loan Interest: Everything You Need to Know Although it can be hard to see the bright side when it comes to student loan debt,... Ben Luthi The Gift Tax: Do You Have to Pay Them? The gift tax may be one of the least understood provisions of the tax code. It... Key Questions to Ask Before Refinancing Your Student Loans Learn about the important questions that borrowers should ask themselves before refinancing student loan debt. See the benefits and drawbacks that should be considered as part of your decision process - including the relevance of financial hardship programs and impact to credit scores. Alex Feldler Why You No Longer Need to Sign for Credit Card Purchases Credit card issuers are no longer requiring card customers to provide a signature on a purchase receipt in order to verify a point-of-sale transaction. Find out what the exact rules are for each of the four major U.S. card networks - Visa, MasterCard, Discover, and American Express. Learn what this means for you in the future. Krista Baum Thomas (TJ) Porter What is a Flexible Spending Account and Should You Use One? Health insurance and healthcare are some of the most complicated and stressful... Thomas (TJ) Porter Is It Smarter to Pay Off a Student Loan or Auto Loan First? When you have extra money in your budget, you might want to make extra payments on... Do You Still Earn Credit Card Rewards With Apple Pay & Google Pay? Find out whether you can still earn rewards and cash back when you connect your credit cards to mobile payment wallets such as Apple Pay and Google Pay. Learn how these mobile point-of-sale transactions are being coded when the data is sent from merchant to card payment network. Thomas (TJ) Porter What to Do If You Haven’t Filed Past Tax Returns Take the necessary steps in this guide to help you with tax returns that you failed to filed in previous years. Find out what the rules are for tax refunds on old tax returns and for any owed taxes (fees and penalties). Learn what you can do if you cannot afford to pay back any back taxes. Thomas (TJ) Porter Rebecca Lake The Best Checking Accounts for Military Personnel Being in the military can make managing your money a little more... Valencia Patrice Higuera Should You Take Out a Personal Loan to Pay Your Taxes? If you anticipate owing money to the federal government, you might underestimate... Why Were You Denied a Savings Account? Find out why you could have been rejected for a savings account. Learn about ChexSystems and how banks use it when you submit an application. Valerie Ashton Should You Use a 401(k) Loan to Pay Off Student Loans? Learn how you can borrow from your 401(k) to help pay down student loan debt. Find out whether it is a good idea to take out a 401(k) loan, including how it will affect your retirement savings. Compare alternatives that are worth considering for reducing the financial strain caused by student loans. Valencia Patrice Higuera Thomas (TJ) Porter Changing Jobs Before Getting a Mortgage? The Good and the Bad Mortgages can put you in hundreds of thousands of dollars of debt and involve a... Thomas (TJ) Porter Compounding Interest Daily vs. Monthly: What’s Better for Your Savings? When you open a savings account, CD, or another interest-bearing account, you’ll... In Your 20s With a Large Inheritance? How to Manage Your Extra Money Follow this guide when you're young and come across a large sum of money from a windfall, such as a sizable inheritance. Find out what steps you should take to ensure that your finances are set up correctly to avoid spending all the money on useless things. Learn where to deposit your money and how to invest it. Krista Baum 5 Biggest Car Sales Days of the Year Know when you can score the best deals when you're looking to buy a new car. Find out which days of the calendar year have historically provided car buyers with the best car sales and discounts. So, you can time your new car purchase for the biggest savings. Ben Luthi Rebecca Lake Discover® Bank IRA CD Rates 2025 Review Find out whether the IRA CDs from Discover Bank are worth considering for your long-term retirement savings. Learn about the interest rates, early withdrawal penalties, IRA types, a minimum opening deposits. Compare IRA CDs offered by other banks. See how you should go about picking the best IRA CD for you. Thomas (TJ) Porter PenFed Credit Union Personal Loan 2025 Review We analyze the features of personal loans offered by Pentagon Federal Credit Union (PenFed) to determine whether they're worth your consideration. Find out what interest rates are charged, the fees that may apply, and terms (borrowing terms and amounts). Compare them to the best personal loans available with other lenders. How To Protect Yourself From The 12 Most Dangerous Tax Scams of 2024 Find out what you need to look for and how you can protect yourself from becoming a victim of popular tax scams and different types of identity fraud. Paul Sisolak Unsecured Auto Loans: What’s the Catch? Find out whether there are any downsides to using an unsecured auto loan, a borrowing option that is not typically offered to most borrowers who are purchasing a car. Valencia Patrice Higuera Thomas (TJ) Porter How to Invest for Retirement When You Don’t Have a 401(k) The 401(k) is one of the most common retirement accounts, but not everyone has... Krista Baum Overdraft Fees: Different Types, Explained & Compared Managing finances is easier than ever with banks offering online and mobile... What's a Good Credit Score For a College Student? Find out what is considered a good credit score for a college student who wants to ensure that they're a low borrowing risk as they enter adult life. Learn what goes into calculating credit scores to understand how students should manage their debt correctly. See which credit cards are best for college students to build credit. Valerie Ashton How to Avoid Having Medical Bills Go to Collections Take these steps after you find out that your medical bills are now in the hands of a collection agency. Thomas (TJ) Porter Rebecca Lake The Best Credit Unions for Personal Loans When you need a personal loan, the sheer variety of options can be overwhelming.... Thomas (TJ) Porter Is It a Good Idea to Finance Furniture Purchases? Furniture stores and other retailers of big-ticket items are quick to try and make... Should You Close Your First and Oldest Credit Card? Find out whether you should close your first credit card because you're often told that you should keep your oldest credit card for as long as possible to maintain a good credit score. Learn about the basics of calculating your own credit score so to understand exactly what will happen when you shut down a credit line. Valencia Patrice Higuera Capital One 360 IRA CDs 2025 Review Learn all about the detail of IRA CDs offered by Capital One 360, one of the top online banks. Find out whether the certificates of deposit provide the best interest rates and low fees to make them suitable for your long-term retirement savings. Thomas (TJ) Porter