Breaking Down Bank Accounts: Checking, Savings, CDs, Money Market | E2 Banking from Open Jam with Krista Edwards

Breaking Down Bank Accounts: Checking, Savings, CDs, Money Market | E2 Banking

30 minutes Posted Mar 9, 2022 at 11:00 am.

] Account types and checking vs savings

] Justin’s personal banking strategy

] Krista’s personal banking strategy and balancing issues

] Money market and CDs

] High Yield Savings Account

] Should your checking and savings accounts be with different banks?

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Show notes

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

[

[13:58] Money market and CDs

[15:20] High Yield Savings Account

[

Mentions:

8 Best High-Yield Online Savings Accounts of February 2022 (nerdwallet)

I Will Teach You to Be Rich by Ramit Sethi