Happen Bank Resource Center
Personal Savings Resources
HYSA vs CD: Which is right for your savings?
Both a high-yield savings account (HYSA) and a certificate of deposit (CD) outperform a traditional savings account.
- Personal Savings
- Jul 8, 2026
- 7 min read
Financial Independence, Retire Early (FIRE) movement explained
What does it take to achieve financial independence early in life? The end goal for many FIRE followers is early retirement—but it’s not the only goal.
Sep 24, 2024
9 min read
CD early withdrawal penalty: What you need to know
What happens when you take money out of a CD before the maturity date? Here's everything you need to know, including how CD early withdrawal penalties are calculated, how to avoid these fees, and when incurring them might be a good idea.
Jun 26, 2024
6 min read
What is a high-yield savings account & do you need one?
Savings accounts are considered a low-risk and highly liquid place to hold cash—and typically provide a very low annual return. Recently, high-yield savings accounts are proving to be the exception.
Jun 26, 2024
5 min read
Understanding Average American's Savings by Age
Find out how your savings stack up against other people your age—and what you can do to grow your savings at any stage of life.
Sep 18, 2023
10 min read
5 ideas to build passive income
Discovering the right source of passive income for you depends on your assets, skills, and interests. Knowing where to start can be a major hurdle. Here are five solid ideas to spark your thinking.
Aug 1, 2023
7 min read
FDIC vs. SIPC: Where is it better to hold cash?
The FDIC and the SPIC are independent entities created by Congress to protect consumers. When considering where to hold cash, consider the pros and cons of these insurance protections in deciding between a bank or a brokerage firm.
Jun 20, 2023
6 min read
5 reasons a high-yield savings account is worth it
If flexibility and easy access to funds is just as important as maximizing your savings, a high-yield savings account deserves a closer look. Here’s everything you need to know about the advantages of high-yield savings accounts.
Jun 15, 2023
3 min read
FDIC vs. NCUA insurance: Are banks or credit unions safer?
How do NCUA insurance (for credit unions) and FDIC insurance (for banks) compare, and how do they work? Is one considered more safe than the other? Here's everything you need to know.
Jun 6, 2023
6 min read
Essential guide to planning for your retirement
Whether you’re already on track to retire in your mid-50s, or you're just hoping to stop working before your 75th birthday, here are tried-and-true strategies and questions that can help you think about how to plan for your eventual retirement, including when to call in a pro to help get you there.
May 16, 2023
10 min read
What is a high-yield CD and how does it work?
If you have savings you won’t need to tap into for a while and want to earn more on your money than you could with a regular savings account, a high-yield certificate of deposit, or CD, could be a good option.
Here’s what high-yield CDs are, how they work, how to make the most of your deposit, and how they compare to other types of savings accounts.
Mar 8, 2023
7 min read
How much of your paycheck should you save?
Knowing how much of your paycheck you should save depends on several factors, including your income, your budget, as well as the personal and financial goals you’re working toward. And depending on what stage of life you’re in—e.g., in school, single/working/no dependents, raising children, approaching retirement—you may be able to save more in some years and less in others.
Jan 18, 2023
7 min read