Banks may use different methods for computing the minimum balance depositors maintain in their checking account. Some banks compute it as a daily minimum balance that must be maintained throughout the month. Some compute it as the average monthly balance. Some compute the minimum balance as the ...
A certificate of deposit is a type of savings account. It can be likened to a locked box: You put an upfront sum in, let the money grow uninterrupted for a set period of months or years, known as a term, and then withdraw with interest. The rate of return is nearly always guarantee...
If you pay your monthly bills out of your checking account, consider putting them on credit until you meet your new credit card’s minimum spending requirement. If you already put your bills on credit, consider prepaying the next month in advance. You may even want to consider putting y...
The minimum spend requirement, or MSR for short, is the dollar amount you must meet by a certain date in order to qualify for the sign-up bonus. Card issuers specify the dollar amount and timeline, and when you meet the requirement, the bonus gets deposited into your rewards account. Many...