What is a bank?
The Bankrate.com financial term of the day is: "Bank."
A bank is a money intermediary, taking it in as deposits and sending it back out in the form of loans. Outgoing withdrawals, incoming loan payments, and interest charged and paid out are all part of the equation, too. A bank must be officially chartered by a government agency and meet various regulations.
What is a bank? An institution that safeguards money for people who have it and lends money out to people who need it.
To find the perfect bank account, visit the Checking & Savings section at Bankrate.com.
Spreading your money across multiple accounts isn't necessarily bad, but there are some drawbacks.
Banks are coming up with new ways to charge fees. Here's what you need to know to avoid them.
Pay attention to fees on prepaid cards because in most cases you can avoid them.
You can earn interest not only on principal, but also on the interest that has already been added to it.
Your banker probably no longer keeps the cushy work hours of a bygone era in banking.
Follow this 6-month homeowner countdown so you are ready come closing day.
Shopping for insurance? Follow these tips from top experts in the insurance field.
Think your holiday gift list might break your budget? Consider one of these items on sale this month.
Before you take off, land the best deal on your airfare.
Follow these expert tips to save on gift wrapping without breaking the bank.
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused.
A little research could save you BIG on interest.