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Compare the benefits of Old National Bank savings accounts to find the right option. Convenient savings, money markets, IRAs, and CD accounts are available.
2,494 results found
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7 Financial Tips For New Grads
One of the most common things I often hear from people is how much they wish they had learned about financial wellness when they were younger. I particularly think about this with all the new college grads this year. There are a lot of things I’m glad I knew back then and a lot more I wish I knew. Here are a few financ
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Deciding What To Do With The 401(k)s You Left Behind
If you’ve changed jobs throughout your career, chances are you have at least one or two 401(k)s with former employers. If you’re like most people, you’ve probably been unsure about what to do with that money and just left it in the plans. Now that time has passed and your financial decisions are more deliberate, you ma
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What New Grads Should Know About Money
One of the most common things I often hear from people after one of our financial wellness workshops is how much they wish they had learned about personal finance when they were younger.
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How to Build a $2,500 Emergency Fund by 2025
Having money set aside for emergencies can give you peace of mind. Follow these steps to build a $2,500 emergency fund in just a few months
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Brennan Brings STEM training, viral moments into this week’s 126th U.S. Open golf championships
One of the most intriguing young talents on the PGA TOUR, 24-year-old Michael Brennan has gone viral both on the internet and tournament leaderboards
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Financial Tips for Your Adult Children
As they get older, you want your kids to thrive on their own earnings, while building toward major expenses like a home purchase, raising their own children and retirement. How do you help them get there?
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Teaching Kids About Money: 5 Concepts to Know
When it comes to kids, money habits are ingrained by the age of seven?1 In fact, you can start introducing money concepts to kids as young as three years old. Remember, though, that even as you introduce money topics early, lessons need to be age appropriate. And, parents with older kids, don’t despair – habits can be
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Debunking The Myths About Self-Directed IRAs
Founder/CEO of Next Generation Trust Company, a trust company specializing in custodial & administrative services for Self-Directed
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Worried About a Recession? Make These 8 Money Moves Now
If you want to shore up your finances in case of recession, here are some money moves you can make now.
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What is an emergency fund?
An emergency fund, also known as a rainy day fund, is a savings account where you set aside money for an unexpected event. For example, you might dip into your emergency fund for an unexpected medical bill, a sudden need for car repair, or a job loss. Your emergency fund should not be used for day-to-day expenses, vacations, or other big non-emergency purchases.
The idea is that by having dedicated savings for the unexpected, you’ve created a buffer, should disaster strike. You’ll have funds to cover an emergency and not be as financially impacted as you would be if you were unprepared. This allows you to avoid debt and continue to pursue your other financial goals in the face of an emergency.
Experts recommend you keep anywhere from 6 months to a year’s worth of expenses in your dedicated emergency fund. You should also make sure your emergency fund is in an interest-bearing account. At Old National, we offer a variety of savings options.