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Banking 101

Banking basics and financial literacy.

Making good, confident financial decisions starts with good information. Nobody’s born knowing about banking, but studies show that financial literacy is linked to better financial health. Here, we break down banking terms, ideas and accounts to help you take the next step toward your goals.

Everything You Need to Know About…

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What Are Bank CDs?

Build savings with Certificates of Deposit.

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APR vs APY

What's the difference and how do they work?

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What is an APY and How Does It Work?

Learn how annual interest is calculated.

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Cashier's Check vs Certified Check

Know the difference and when to use each.

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15- or 30-Year Mortgage

Find out which is right for you.

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What Does a Notary Do?

Why you might need one and what to expect.

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What is a 401(k) Plan?

How it works and how to make the most of it.

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Lines of Credit vs Loans

See which can work better for you.

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Secured vs Unsecured Loan: What's the Difference?

See the difference collateral makes.

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What Does it Mean to Refinance a House?

When to do it and what to consider.

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Banking Terms and Definitions

Glossary of banking terms you should know.

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What Should You Expect When Buying a House?

Buying a house can be complicated, but it doesn’t have to be intimidating. These steps will take you from start to close to home sweet home.

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Good Debt. Bad Debt.

Not all debt is equal. Some kinds can help you, while others will only make life harder. And it varies from person to person.

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Debt-to-Income Ratios Explained. What is a Debt-to-Income Ratio?

Your debt-to-income ratio – or DTI for short – is a number that compares how much you owe each month to how much you earn each month.

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15-Year and 30-Year Mortgages – What’s the Difference?

The difference between a 15-year and 30-year fixed-rate mortgage loan goes beyond the time it takes to pay them off. Which one makes the most sense for you? Use this guide to help you decide.

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What Are My Student Loan Repayment Options?

Choosing a student loan repayment plan can be daunting. Understanding your options will make it easier to decide which plan is best for you.

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Credit Scores and How They Work

Confused about credit scores and the complex ways they’re calculated? Start with a high-level understanding of scores, what affects them and where yours should be.

Take a Small Step Toward Better Finances