Jennifer Thomas Jennifer Thomas is a Chicago editor and writer who writes about finance, business and healthcare. Most Recent What is the FDIC, and how does it work? The FDIC is an independent government agency that insures money people deposit at a bank. What is a savings account and how does it work? A savings account is an important tool to keep your money safe and help you grow your savings. But not all savings accounts offer the same benefits. Here's how to find one you. How to choose the right high-yield savings account for you When choosing the best savings account for your needs, look closely at the account fees, rate terms, customer service options, and how easily you can make withdrawals and deposits. How much money should I have in an emergency savings account? An emergency fund makes it possible to turn a surprise expense from a disaster into a simple annoyance. Here’s how much to save in an emergency fund and how to build one. What is an emergency savings fund? Building an emergency savings fund can help you pay your bills and relieve some of your stress in those difficult times. Here's how. 6 tax moves to make before the end of the year Be sure to leave room on your to-do list for key tax moves — some of which can lower next year’s tax bill.