Is My Account FDIC Insured? And for How Much? [Infographic]

A secured credit card is easy to obtain and can substantially improve your credit score when used correctly. However, it is important to understand how they work and how to use them before you proceed.

A secured credit card is a good way for those with little or no credit history to build credit. But there’s one major difference between a secured and an unsecured, or traditional, credit card. A secured credit card requires that some security, or collateral, be tied to it to minimize the card issuer’s risk. This collateral is in the form of a monetary deposit, which the card holder is required to make before they can start using a secured credit card. This deposit is typically equal to the credit limit of the secured credit card.

A high-yield savings account can be a good place to put your money because it typically provides higher interest rates than a traditional savings account. This infographic by Credit One Bank highlights 10 potential uses for a high-yield savings account.