We may receive compensation from the products and services mentioned in this story. Learn more about how we make money and our editorial policies. Learn more.

5 Clever Moves When You Have $1,000 In The Bank

Keeping tons of money in your checking account means you're missing out.
Last updated Jan. 19, 2023 | By FinanceBuzz Editors
$1,000 in Checking Account

Saving up $1,000 in your checking account is a big milestone. But leaving the money in checking likely doesn't make much sense since most checking accounts pay minimal or no interest.

Once you've worked hard to amass $1,000, you want to put your money to work for you. Here are 5 money moves you can make to get the most bang for your buck and get on the path towards a bright financial future.

Prepare for market volatility by diversifying with gold

Precious metals values are inversely correlated with the stock market and the dollar. When one goes down, the other usually goes up. If you want to protect your retirement funds, having diversified investments may help you weather market swings.

Lear Capital is a reputable precious metals dealer that has specialized in precious metals IRAs for 25 years with over $3 billion in precious metals transactions since 1997. They have a AAA rating with the Business Consumer Alliance, and they make it simple to transfer funds from your current retirement account (like a 401(k) or IRA) into a precious metal IRA. And they have a 24-hour risk free purchase guarantee.

And if you get this free precious metals investor kit, you’ll learn how diversifying with gold could help shield you from the pain of rising interest rates, an unstable dollar, and a shaky stock market.

After you download the kit, a Lear Capital precious metals expert will follow up over the phone. Though they don’t give investment advice, they could shed light on some surprising facts about diversifying your portfolio with precious metals.

Diversify your portfolio with gold

Pay no interest until October 2024

Imagine getting 21 billing cycles with 0% interest on a balance transfer or a big purchase.  Sounds great — right? You could dramatically change your financial picture with this industry-leading low-interest card - the BankAmericard® credit card.

If you want to kick high-interest credit card debt to the curb, this is one of the leading get-out-of-debt cards available. Transfer your high interest debt to this card with a 0% intro APR for 21 billing cycles for any qualifying balance transfers made in the first 60 days. Your payments can go directly to paying down your balance without incurring a pile of additional charges. That could save you hundreds of dollars in interest!

It doesn't just stop with balance transfers though. Cardholders also get a generous intro APR of 0% for 21 billing cycles on purchases. After the intro period for purchases and balance transfers, then APR is 16.24% - 26.24% Variable.

The best part? There's no annual fee.

Click here to Apply Now

Earn a $200 cash rewards bonus with this incredible card

The Wells Fargo Active Cash® Card Rates and Fees is a powerful rewards card that offers an extended intro APR period. New cardholders can earn a one-time cash rewards bonus — $200 cash rewards bonus after spending $1,000 in the first 3 months AND earn unlimited 2% cash rewards on purchases!

If you’re looking for a powerful rewards card that offers an extended intro APR period, look no further, the Wells Fargo Active Cash® Card checks both of those boxes!

This card also offers an intro APR of 0% for 15 months from account opening on purchases and qualifying balance transfers (then 19.24%, 24.24%, or 29.24% variable). Which is great for someone who wants a break from high interest rates, while still earning rewards.

The best part? There's no annual fee.

Click here to apply for the Wells Fargo Active Cash® Card now.

Stop wasting money on overpriced car insurance

We've got bad news. You could be wasting $500 every year on overpriced, second-rate car insurance. And you should probably cancel your existing insurance right now, because there's something much better.

This new tool from FinanceBuzz can tell you if you're overpaying for your car insurance in just a few clicks. We match drivers with companies that report saving drivers up to $500 or more per year when they save! Each driver’s savings will vary by driving history and how many discounts you’re eligible for. And once you try it out, you'll never have to look for affordable insurance again because we find you the lowest rates that other companies can't match.

Oh, and it's also free. And come on — you can't tell us you don't want to save up to $500. To find out if you're losing up to $500 or more a year, just enter your zip code here, answer a few questions and see if you're overpaying. It takes less than 2 minutes.

See if you're overpaying

Extra Long Intro APR on Purchases & Balance Transfers

Current Offer

Benefit from a long introductory APR period that could be extended by making the minimum payments on time each month

Annual Fee

$0

Benefits and Drawbacks

Benefits

  • 0% intro APR on qualifying balance transfers and purchases for up to 21 months from account opening, then 17.24% - 29.24% variable APR
  • Cell phone protection
  • $0 annual fee

Drawbacks

  • No rewards for spending
Card Details
  • 0% intro APR for 18 months from account opening on purchases and qualifying balance transfers. Intro APR extension for 3 months with on-time minimum payments during the intro period. 17.24% to 29.24% variable APR thereafter; balance transfers made within 120 days qualify for the intro rate and fee of 3% then a BT fee of up to 5%, min $5.
  • $0 Annual Fee
  • Get up to $600 of cell phone protection against damage or theft when you pay your monthly cell phone bill with your eligible Wells Fargo card (subject to a $25 deductible).
  • Through My Wells Fargo Deals, you can get access to personalized deals from a variety of merchants. It's an easy way to earn cash back as an account credit when you shop, dine, or enjoy an experience simply by using an eligible Wells Fargo credit card.
  • Select "Apply Now" to learn more about the product features, terms and conditions