What is a bank run? Definition, causes and examples
Let’s look at what a bank run is, what causes it and how you can protect yourself.
Karen Bennett is a senior consumer banking reporter at Bankrate. Her expertise lies in finding the best savings accounts, checking accounts and CDs, as well as all things personal finance. She also writes about home lending, including mortgages, refinancing and home equity. She’s been a reporter at Bankrate since 2021, and she holds a master’s degree in Journalism and a bachelor’s degree in English.
Karen’s writing experience spans topics including bank accounts, saving money, budgeting, and credit cards, and homeownership. She also spent time as a writer of product reviews and a reporter for local newspapers in Chicago, Milwaukee and Washington, D.C. In addition, she worked for over a decade as a writer and product manager for CoolSavings, a website devoted to saving money on groceries, travel and other products.
Karen stays on top of the latest in banking and mortgages. Topics she writes about for Bankrate include how to choose the best high-yield savings account, ways to protect yourself from bank fraud and how to lower your mortgage payment.
On the personal finance front, Karen has covered topics such as progress for women in banking.
When she’s not working, Karen enjoys working on her novel, as well as reading, cooking, traveling and spending time with her family.
The pillars of smart money management include having an emergency fund in a high-yield savings account, paying down debt, following a budget and living within your means.
— Karen Bennett
Let’s look at what a bank run is, what causes it and how you can protect yourself.
The Trump’s administration has ordered the Consumer Financial Protection Bureau to cease operations.
It’s important to weigh your options after missing your CD’s maturity date.
Consider a savings account with an APY above the inflation rate.
Many of these banks offer low-fee accounts and higher yields than some of the biggest banks.
All CDs have one thing in common: They’re among the safest places to park your cash.
Vivian Thornton received quite a shock when she logged onto her bank account and noticed an unfamiliar debit charge for concert tickets totaling more than $2,000. In fact, the hefty charge had brought [...]
A savings account is a useful financial tool for building a stable financial future.
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