Latest Articles by Ken

What is the Federal Funds Rate?
The federal funds rate, a monetary policy set by the Federal Reserve, is the interest rate at which banks lend each other funds overnight. Learn how the rate affects the interest rates on credit cards, mortgages, deposit accounts and more. ... Continue Reading
November 3, 2022
What Are Liquid Assets?
Liquid assets are cash or other assets that can quickly convert into cash, and they're important to have for emergencies and future plans. The most liquid assets are cash in hand and certain deposit accounts. ... Continue Reading
October 17, 2022
What Is an ACH Transfer?
An Automated Clearing House (ACH) transfer is an electronic payment between bank accounts sent over the Automated Clearing House Network. You likely use ACH transfers on a regular basis: when your salary lands in your account every month or when you set up bill payments for your utilities or mortgage. ... Continue Reading
August 25, 2022