Banks and payments

• CD vs savings account: which is better for your money?

  A CD locks in a fixed rate for a set term but charges a penalty for early withdrawal; a savings account pays a variable rate and lets you withdraw anytime. When to use each.

• Credit union vs bank: pros, cons and which to choose

  Credit unions are member-owned nonprofits that often have lower fees and loan rates; banks usually offer more branches, ATMs and technology. Both insure deposits up to $250,000.

• What is a SWIFT code (BIC)? Format and how to find it

  A SWIFT or BIC code is an 8 or 11-character code that identifies a bank for international transfers. How to read it, where to find it, and SWIFT vs routing number vs IBAN.

• How to write a check: step-by-step with example

  Fill in the date, payee, amount in numbers, amount in words, memo and signature. A step-by-step guide to writing a check, with cents, and how to avoid check fraud.

• ACH vs wire transfer: speed, cost and safety compared

  ACH transfers are cheap or free and take 1 to 3 business days; wire transfers arrive the same day but cost $15 to $50 and cannot be reversed. When to use each.

• FDIC insurance limit explained: $250,000 and how to get more

  The FDIC insures deposits up to $250,000 per depositor, per bank, per ownership category. How ownership categories work, what is not covered, and how to check if your bank is insured.

• Routing number vs account number: the difference

  The routing number identifies your bank; the account number identifies your account. How to tell them apart on a check, how long each is, and which one to give for direct deposit.

• What is a routing number and how do you find yours?

  A routing number is the 9-digit code that identifies your US bank for direct deposits, transfers and checks. Where to find it, what the digits mean and ACH vs wire routing numbers.