
Survey: Many consumers stick with same bank accounts for decades, cite convenience as a factor
On average, Americans have kept the same bank accounts for over a decade.
Karen Bennett is a senior consumer banking reporter at Bankrate. Her expertise lies in finding the best savings accounts, checking accounts and CDs, as well as all things personal finance. She’s been a reporter at Bankrate since 2021, and she holds a master’s degree in Journalism and a bachelor’s degree in English.
Karen’s writing experience spans topics including bank accounts, saving money, budgeting, and credit cards, as well as lifestyle and health. She also spent time as a writer of product reviews and a reporter for local newspapers in Chicago, Milwaukee and Washington, D.C. In addition, she worked for over a decade as a writer and product manager for CoolSavings, a website devoted to saving money on groceries, travel and other products.
Karen stays on top of the latest in banking and personal finance. Topics she writes about for Bankrate include how to choose the best high-yield savings account, the latest statistics on checking account fees and ways to protect yourself from bank fraud.
On the personal finance front, Karen has covered topics such as progress for women in banking and the pitfalls of spaving deals (spaving is the act of spending more money to qualify for money-saving promotions).
When she’s not working, Karen enjoys working on her novel, as well as reading, cooking, traveling and spending time with her family.
The pillars of smart money management include having an emergency fund in a high-yield savings account, paying down debt, following a budget and living within your means.
— Karen Bennett
On average, Americans have kept the same bank accounts for over a decade.
Discover today's top CD rates and gain insights on how economic trends impact your yield with Bankrate's expert analysis of CD products.
Discover today's top CD rates and gain insights on how economic trends impact your yield with Bankrate's expert analysis of CD products.
When policymakers and investors seek economic insight, they often use a tool called the yield curve. A yield curve measures the spread between yields on short- and long-term maturity bonds over time. It’s [...]
The CFPB dropped its lawsuit alleging Capital One cheated customers out of interest.
Discover today's top CD rates and gain insights on how economic trends impact your yield with Bankrate's expert analysis of CD products.
Opening a money market account involves just a few simple steps and it can really pay off.
Explore the top CD rates today and learn how economic trends can affect your rate. Bankrate provides valuable insights to find the best CD products to maximize your savings.