Around 95% of U.S. households have at least one member with a checking or savings account, according to a 2019 Federal Deposit Insurance Corporation (FDIC) report. While a checking account is ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

A savings account is one of the best places to store money you don’t plan on spending soon. But before you open a savings account, you should have a good understanding of why you need one and how the ...

Setting, managing and achieving your financial goals effectively often requires having the right tools for the task at hand. Your personal finances can be grown in a lot of directions, but whether you ...