How do I know my money is safe in the bank?

Author: Jason Buzi / Date: August 8, 2023 / Tags: Banking

(MoneyHippo.com) - Your money is generally safe in a bank as long as it is insured by a government-backed deposit insurance scheme. In most countries, banks are required by law...

In the News: What’s a Bank Run?

Author: Jason Buzi / Date: August 8, 2023 / Tags: Banking

(MoneyHippo.com) - With the recent news regarding the collapse of Silicon Valley Bank (SVB), we wanted to break things down. A bank run is a situation where a large number...

Benefits of a Money Market Account

Author: Jason Buzi / Date: August 6, 2023 / Tags: Banking

(MoneyHippo.com) - Money market accounts (MMAs) offer several benefits to savers and investors: Higher Interest Rates: MMAs typically offer higher interest rates than traditional savings accounts, allowing your money to...

3 Reasons To Comparison-Shop Banks

Author: Deb / Date: August 6, 2023 / Tags: Banking

(MoneyHippo.com) - Choosing where to keep money is a big decision. Luckily, technology has brought with it lots of competition benefitting you, the consumer. Banks can differ significantly in their...

Are Online Banks Safe? 3 Things To Remember

Author: Deb / Date: August 8, 2023 / Tags: Banking

(MoneyHippo.com) - Not long ago, people only transacted with their banks in person, driving to the bank to deposit and withdraw cash. Waiting in line at the bank was the...