2024 Investopedia/REAL SIMPLE Smart Money Awards: A Simple Guide to Smart Money

Investopedia, a site focused on simplifying financial decisions and information to give readers the confidence to manage every aspect of their financial life, has used its expertise in financial products to power REAL SIMPLE’s sixth annual Smart Money Awards.

The evaluation recognizes the best financial products to help consumers make smart money decisions. The process involved identifying key product categories, evaluating criteria like fees and customer service, and conducting quantitative and qualitative analyses to determine the winners.

Here are some of the results from this year’s Smart Money Awards.

In the banking category, Popular Direct was named the Best High-Yield Savings Account, while CIBC Agility and Prime Alliance Bank were recognized for Best CDs. Ally Bank stood out as the Best Online Bank, with SoFi winning Best Free Checking and Wise taking the title for Best Money Transfer App.

For budgeting, YNAB was named the Best Budgeting App, and Capital One Shopping was chosen as the Best Coupon App. Fidelity was recognized for offering the Best Health Savings Account.

In the credit card category, the Wells Fargo Active Cash Card was named the Best Overall Credit Card, while the Chase Sapphire Reserve won for Best Card for Premium Travel Perks. Capital One Venture Rewards Credit Card was chosen as the Best Card for Budget-Conscious Travelers.

For insurance, Nationwide was awarded Best Life Insurance provider, and Blue Cross Blue Shield was recognized as the Best Health Insurance company.

In investing, Fidelity was named the Best Broker, E*TRADE won for Best Investing & Trading App, and Wealthfront was recognized as the Best Robo-Advisor.

In the loans category, SoFi was chosen as the Best Personal Loan provider, and for mortgages, Zillow was named the Best Homebuying App.

H&R Block was recognized as the Best Tax Software.

You can view the full list of this year’s winners with associated details at this Investopedia link.

Overall, the Smart Money Awards showcase the top financial products across various categories, helping consumers make informed decisions about managing their money effectively.  Something we all need a little more help doing these days.

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