Fractional reserve banking is a system that requires banks to keep a percentage of deposits in their customers’ transactional accounts (such as checking and savings accounts) on reserve. Under the previous U.S. reserve requirement, banks had to keep as much as 10% of deposits in their vaults or with the Federal Reserve. However, this threshold…
Mobile check deposit is a free feature that comes with most banking apps. It allows you to deposit a check through your smartphone or tablet, and the process only takes a minute or two. Learn more about how mobile check deposit works and whether this feature is right for you. How does mobile check deposit…
Knowing how the Federal Reserve’s monetary policy decisions impact your interest earnings over time is key to making an informed decision about where to put your money. With a potential rate cut on the horizon next year, a certificate of deposit (CD) may be the best option. CDs can be a smart way to guarantee…
The Federal Open Market Committee (FOMC) — a division of the Federal Reserve responsible for setting monetary policy — will soon meet again to evaluate the health of the economy and make key decisions regarding the federal funds rate. These decisions impact not only how the economy functions as a whole but also everyday consumers,…
Rewards credit cards are increasingly popular as people look for ways to get more value from their purchases and reduce their expenses. But with so many rewards cards on the market, choosing the right one can be overwhelming. The Citi Rewards+® Card can be a good — unlike many other popular rewards cards, the Citi…
Card skimming, where thieves steal your information after illegally modifying a business’s card reader, is on the rise. There was a 40% increase in skimming reports in 2023, according to FICO data, with an average of about 200 cards affected in each skimming event. In this article: What is a credit card skimmer? A credit…
When there’s a major holiday, chances are Wall Street has the day off. In 2026, the stock market will observe 10 holidays, including two early closings. Many stock market holidays are also federal holidays and banking holidays. The U.S. stock market and bond market will be closed on Friday, July 3, in observance of Independence…
Summary: First Internet Bank of Indiana was founded in 1999 and was the first state-chartered, FDIC-insured institution to operate entirely online. First Internet Bank’s suite of products includes personal and business banking products, health savings accounts, and even accounts for kids. Additionally, First Internet Bank ranked among our 10 best online banks of 2026. First…
As one of the most costly expenses in your budget, paying your mortgage with a credit card can help to quickly rack up credit card rewards. Your line of credit may also come in handy if you’re in a tight spot and need some extra flexibility with your mortgage payment. If you’re not careful, though,…
A savings account is a simple tool that anyone can use to improve their finances. If you’re looking for an easy way to earn interest on your money, or you just want to make sure your cash is safe, a savings account is a great way to go. Plus, right now there are more reasons…
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