Is it Safe to Keep my Money in a Savings Account?

Is it Safe to Keep my Money in a Savings Account?

Savings accounts are a safe place to keep your money because all deposits made by consumers are guaranteed by the FDIC for bank accounts or the NCUA for credit union accounts. Deposit insurance for savings accounts covers $250,000 per depositor, per institution, and...
What is the Difference Between a Credit Card and Debit Card?

What is the Difference Between a Credit Card and Debit Card?

What is a debit card? A debit card is a payment method that can be used as an alternative to cash. Most banks and credit unions issue a debit card when you open a checking account. The card is linked to your account and can be used to make purchases. When you use your...
Scams Targeting Seniors

Scams Targeting Seniors

1. Government Imposter Scams Scammers call claiming to be from the IRS, Social Security, or Medicare. They may say the victim has unpaid taxes and threaten arrest or deportation if they don’t pay up. 2. Sweepstakes and lottery scams: Scammers call an older adult and...
How to Stop Calls From Scammers

How to Stop Calls From Scammers

Hang Up. When you get a robocall, don’t press any numbers to get on a “Do not call” list. This often leads to more robocalls. Consider blocking or labeling the caller. See what your phone carrier offers to help you block scam calls. There are even...
What to do if You Already Paid a Scammer

What to do if You Already Paid a Scammer

If you realized you’ve paid a scammer with your credit or debit card, contact your bank or credit card company. Report the scam and ask for a “”chargeback”” to get your money back. If you paid a scammer with a gift card, prepaid cash, or...