Kate Rockwood Kate Rockwood is a Chicago-based freelance writer, covering personal finance, healthcare and business. Most Recent What is the NCUA, and how does it work? The NCUA regulates and insures 98% of credit unions in the United States. That includes all of the federally-chartered credit unions and the vast majority of state-chartered credit unions. What is compound interest, and how is it calculated? One of the upsides to keeping your money in a bank account is the chance to earn compound interest — you earn interest on both the funds you deposit in an account and on the interest that money earns. Here’s how compound interest works. How to open a high-yield savings account: Step-by-step instructions Opening a high-yield savings account is a simple process that you can often complete in minutes. Follow this easy, step-by-step guide to opening a high-yield savings account. High-yield savings account vs. CD: Which is right for you? To decide if a high-yield savings account or CD is a better fit for you, consider why you’re saving and when you may need your money. 5 ways you can write off your pets on your taxes You can’t claim pets as dependents, but you may be able to write off some expenses depending on the role they play in your life. Taxes 2023: How to avoid scams this filing season This time of year you also have to be extra vigilant about IRS-impersonation scams. Taxes 2023: Credits, deductions, and tax breaks for student loans and college costs Both college students and parents of college students can take advantage of tax breaks that can mean thousands of dollars of savings on tuition, fees, books, and supplies. Bitcoin and cryptocurrency tax: Tips and guide If you trade, sell, exchange, or get rid of cryptocurrency for a gain, you’ll owe taxes on it. Taxes 2022: Here's how to prep for this year's filing season While tax planning works better as a year-round process, there are steps you can take now to get your finances ready for filing in April.