What banks do with your money after you deposit it
Your money doesn’t just sit in the bank. Here’s what it’s been up to.
3 min read
Jun 17, 2025
Marcos Cabello, J.D.
Former Writer, Banking
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5Years of Experience
EXPERTISE
- Economic policy
- Consumer banking
- Savings accounts
- Public policy
- Federal Reserve news
EDUCATION
- Juris Doctor, Boston University
- Bachelor of Science and Bachelor of Arts, Criminology and Philosophy. Minor in Psychology, Florida State University
Marcos Cabello is a former financial journalist with five years of experience translating complex money matters into clear, actionable insights for readers. His reporting has been featured on CNET, NextAdvisor, and the Academic Times, where he has covered the full spectrum of personal finance topics—from insurance and investing to emerging trends like cryptocurrency. Marcos has developed a strong track record for explaining Federal Reserve policy decisions and their real-world impact in ways that empower individuals to make informed choices.
Before joining Bankrate, Marcos attended law school, where he honed his analytical skills before returning to his first passion: storytelling. His work blends legal precision with an accessible writing style, helping readers navigate financial decisions with confidence.
When he’s not behind the keyboard, Marcos can often be found playing video games, practicing magic tricks, publishing videos on TikTok and Instagram or diving into creative writing projects.
Marcos beyond Bankrate
Saving money in today’s economy isn’t easy — especially if you’re just starting out. But with a plan, a strong savings account and steady contributions, you can start building your nest egg little by little.
— Marcos Cabello, J.D.
Marcos's latest articles
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Saving money isn’t just about cutting costs. Sometimes, it’s about reframing how you spend your time. Here’s how one mindset shift helped me avoid impulsive purchases and grow my savings with less [...]
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High-yield savings rates today: May 26, 2025 | Top yield remains at 4.40% despite economic uncertainty
Top APYs on high-yield savings are above 4%, despite a recent U.S. credit downgrade.
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Allpoint ATMs near me: How to find one
Here’s how to find the nearest ATM in Allpoint’s fee-free ATM network.
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High-yield savings rates today: April 28, 2025 | APYs are expected to stay elevated
Bankrate recaps the week in savings accounts and analyzes where rates are headed.
5 min read Apr 28, 2025 -
Tariffs could cost the average American household $3,800 per year. Here’s how to save for it
Tariffs could cost households $3,800 in 2025. Discover smart budgeting strategies to offset rising prices on consumer goods.
6 min read Apr 17, 2025