Skyla Credit Union Blog

Imagine setting up or switching your direct deposit from the comfort of your couch, with just a few clicks. Now, you can with Skyla’s new (and free) direct deposit tool! We're transforming the payday experience with about simplicity, security, and flexibility. Plus, this isn't just about your regular paycheck - even social security payments can be updated, too!

Great question! Saving money is one of the smartest things you can do with your cash, but with endless options, it can be tricky to know what type of account is the best fit for you. Enter the epic battle of Certificates of Deposit (CDs) versus savings accounts.

Hey finance-savvy folks! Are you curious about whether Certificate of Deposit (CD) accounts are a safe bet? It's a common question for those who want to secure their hard-earned cash. Sure, CDs may not be the most thrilling investment on the market, but they offer an assurance of return and can add some diversity to your portfolio.

If you're still receiving physical paychecks every month, you might want to consider switching to direct deposit. Think of it as a smartphone compared to an old flip phone – direct deposit is the future and a part of the modern banking solution.

If you’re already in (or ready to be in) a committed relationship, chances are your finances will mix and mingle at some point. For many couples, discussing money with their significant other is one of the most challenging talks. It’s common to feel ashamed or embarrassed about financial hardship because you have a fear of being judged by someone who has your heart.

Think about the last time you traveled – do you remember how much you spent? Did you set a budget? Did you go over that budget? Or did stay diligent in your prepping and managed to enjoy your trip while staying on track?

Do you typically maintain a high account balance in your savings or checking account? If so, you don't have to limit yourself to just savings or checking accounts. You have options - one includes, money market account (MMA).

Building a healthy savings account doesn’t always work out the way you plan. A majority of your paycheck might go straight to paying bills, you might not have a reliable paycheck at all, or you might not be the best budgeter. Unfortunately, life challenges do not discriminate based on bank account balances and, even if you have very little in savings, you could still get hit with an expensive emergency.

There are many ways to save money, but some techniques are more effective than others. Let's figure out what works best for you and your lifestyle to make the most of your hard-earned cash. Check out these helpful hints on how to get started.