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California Coast Credit Union is currently offering a 5-month CD with a rate of 9.50% annual percentage yield (APY). For a limited time, the California Coast Credit Union is offering 9.50% APY on its 5-month "Celebration Certificate" CD in honor of its 95th anniversary. While some credit unions offer membership to anyone in the nation, California Coast Credit Union isn't one of them. You also can't have previously opened a Celebration Certificate CD, as it's limited to one per social security number. You can't withdraw your money early or add any additional money to the CD after you've funded it.

Persons: it's, you'll Organizations: California Coast Credit Union, San Diego Riverside Orange, San Diego Riverside Orange Los Angeles Ventura Locations: California, Southern California, San Diego Riverside Orange Los, San Diego Riverside Orange Los Angeles Ventura Imperial San Bernardino

What is loud budgeting? The idea with loud budgeting is to simply empower more people to be comfortable with speaking up about the financial goals that are most top of mind right now. Compare offers to find the best savings accountDoes loud budgeting work? Regardless, loud budgeting can help you mentally reframe a missed opportunity into a positive action you're taking to meet a long-term goal. Meet our expertsAt CNBC Select, we work with experts who have specialized knowledge and authority based on relevant training and/or experience.

Persons: begrudgingly, Elizabeth Schwab, Schwab Organizations: CNBC, Behavioral Economics, The Chicago School, Google, Android, CNBC Select's, Facebook, Twitter

You may think the term "net worth" only applies to celebrities and CEOs, but it's something we all have — and we all should know it. Here's a breakdown of both median and average American net worth by age, according to the Federal Reserve's Survey of Consumer Finances published in October 2023. Knowing your net worth can help you assess whether your next financial move is a good one. Empower (formerly Personal Capital) and Mint are two platforms that make tracking your net worth easy. Empower has its own net worth calculator and Mint has a net worth-specific dashboard that calls out your progress each month.

Organizations: Federal Reserve's Survey, Consumer, Federal Reserve Survey, Consumer Finances, Google, Android, CNBC, CNBC Select's, Facebook, Twitter Locations: U.S

CNBC Select asked Brian Walsh, a CFP and Senior Manager of Financial Planning at SoFi, to share some of his best tips for making travel more affordable. Plus, waiting too long could mean the more affordable hotel and vacation rental options fill up, leaving you stuck paying for pricey accommodations. Many travel rewards credit cards can make booking flights and hotels more affordable thanks to the large welcome bonuses they may offer. Capital One Venture Rewards Credit Card Learn More Information about the Capital One Venture Rewards Credit Card has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication. Remaining flexible and using rewards points when booking your travel plans is key to significant savings.

The report, however, paints a not-so-rosy picture of BNPL users' financial and credit health. BNPL users have access to credit — and they use itThe BNPL users surveyed may have had lower average credit scores than non-users, but they used plenty of credit products in addition to BNPL. Further, 69% of BNPL borrowers said they carried a balance on at least one credit card. On top of that, about half of BNPL borrowers had less cash and savings than what they paid for the purchases they made using BNPL. For example, 9% of BNPL borrowers with a credit card had missed payments of 30 days or more, compared to just 3% of non-users.

Welcome to CNBC Select's advice column, Getting Your Money Right , where financial advisor Kristin O'Keeffe Merrick will be answering your pressing money questions. I have yet to meet someone who likes tax season, but I can definitely help make it less painful for you. Every year when tax season comes around, I find that I am overwhelmed by what I need to do in order to prepare. Filing electronically is more efficient and helps you receive your money from the IRS much faster. All the best,KristinKristin O'Keeffe Merrick is a Financial Advisor and money expert at her family-run firm, O'Keeffe Financial Partners, located in Fairfield, NJ.

☆ 3 ways to easily check if your bank account is FDIC insured
▼ + stars: | 2023-03-14 | by ( Jason Stauffer | Elizabeth Gravier | ) www.cnbc.com time to read: +7 min

Nearly all banks are insured by the FDIC, which protects your deposits up to $250,000 (per person, bank, and account type). CNBC Select explains how to check if your bank is an FDIC member, as well as what you need to know about the types of bank accounts the FDIC protects. 3 ways to check if your bank is FDIC insuredThe FDIC makes it easy to check if your bank is insured. Check online You can easily discover if your bank is FDIC insured using the BankFind Suite tool. Marcus by Goldman Sachs High Yield Online Savings Learn More Goldman Sachs Bank USA is a Member FDIC.

To help you get started, CNBC Select rounded up a list of the best mortgage lenders first-time homebuyers should consider. Types of loans offered: The most common kinds of mortgage loans include conventional loans, FHA loans and VA loans. The most common kinds of mortgage loans include conventional loans, FHA loans and VA loans. Fees: Common fees associated with mortgage applications include origination fees, application fees, underwriting fees, processing fees and administrative fees. Common fees associated with mortgage applications include origination fees, application fees, underwriting fees, processing fees and administrative fees.

☆ Is the money in your bank account safe? Here's what to know if you're worried about your deposits
▼ + stars: | 2023-03-13 | by ( Jason Stauffer | Elizabeth Gravier | ) www.cnbc.com time to read: +5 min

But a checking account and savings account won't necessarily be in different categories. However, if you had a joint savings account, then the savings account balance would fall under a different category. As you're shopping around for a deposit account, you can find out if a bank is insured with the FDIC's BankFind tool. It's also a good idea to open checking accounts or savings accounts with no monthly maintenance fees and the highest interest rate you can find. Below are a few of the best deposit accounts with FDIC insurance, according to CNBC Select's rankings:Ally Interest Checking Account Learn More Ally Bank is a Member FDIC.

☆ The 5 best business credit cards for Amazon: Earn bonus rewards on Amazon purchases and services
▼ + stars: | 2023-03-13 | by ( Jason Stauffer | Elizabeth Gravier | ) www.cnbc.com time to read: +13 min

Regardless of what business expenses you have and the type of credit card rewards you prefer, there's a business card for you. Below, CNBC Select details the best credit cards for your Amazon business purchases, so you can make the best decision for your business or side hustle. The Amazon Business Prime American Express Card is the most rewarding credit card for Amazon business purchases. FAQsIf I have a personal Amazon credit card, can I still apply for a business Amazon credit card? Here's our analysisBottom lineThe right business credit card for your Amazon business purchases should be the most rewarding and offer benefits that align with your business' needs.

☆ New data shows car thefts are on the rise — here's how auto insurance can help
▼ + stars: | 2023-03-12 | by ( Elizabeth Gravier | Jason Stauffer | ) www.cnbc.com time to read: +9 min

The NICB recommends drivers check to make sure their car insurance policy is up to date, but don't assume that your policy will cover your stolen car. You'll need comprehensive coverage to cover theftWith the exception of New Hampshire and Virginia, every state requires you to have a car insurance policy to drive. One of CNBC Select's top picks, Farmers Insurance, makes coverage cheaper with 22 discounts on car insurance. Take steps to prevent auto theftEven if you do have comprehensive coverage, having your car stolen isn't ideal. While you can take steps to prevent car theft, you'll need to have comprehensive coverage if you want theft to be covered.

☆ Adjustable-rate mortgages are growing in popularity, but they come with some big risks
▼ + stars: | 2023-03-11 | by ( Jason Stauffer | Elizabeth Gravier | ) www.cnbc.com time to read: +9 min

Adjustable-rate mortgages (ARMs) tend to become more popular as rates rise and borrowers look for ways to save on interest. When mortgage rates hit historic lows in 2021, ARM loans accounted for less than 2% of mortgage applications. Here's how ARM loans work and what you need to pay attention to if you're considering an adjustable-rate mortgage. How ARMs workAn adjustable-rate mortgage comes with a low introductory interest rate for a set period and after the teaser rate expires, the loan's interest rate changes as mortgage rates shift. Qualifications: The low introductory interest rate of ARM loans doesn't make them easier to qualify for.

Pay down your credit card balancesIf you already have credit card debt, paying it off should become a priority. With credit card interest rates continuing to reach new heights, you don't want to get stuck with credit card debt if a recession hits. The credit utilization ratio, or how much of your available credit you're using, is the second most important credit factor after payment history. For that reason, it's best to get rid of credit card debt as soon as possible. You might also want to consider a 0% APR credit card (like the ones below) if you're anticipating big expenses.

☆ Biden wants to kill junk fees — here's what could change and how you can minimize fees right now
▼ + stars: | 2023-03-08 | by ( Jason Stauffer | Elizabeth Gravier | ) www.cnbc.com time to read: +9 min

But you don't have to wait for the government to take action to reduce your exposure to junk fees. Comparison shop (as well as you can) Ferreting out junk fees can be tricky and different products and services have their own red flags. The CFPB wants to limit credit card late fees and the Biden Administration is pushing for Congress to pass the Junk Fee Prevention Act, which addresses four types of junk fees. Credit card late fees The CFPB has proposed a new rule to limit credit card late fees to $8. While it doesn't come with a welcome bonus or a 0% intro APR period, it also doesn't charge any fees — including late fees.

On average, this is how long it takes a homeowner to make up for mortgage interest and closing costs. Then, there are closing costs to consider. You aren't expecting to pay the capital gain tax, but there are still closing costs to consider. If $441,000 is your listing price, you can expect to pay 10% of it in closing costs — or $44,100. How to avoid selling too earlyIf you've done the math and found that you'll lose money if you sell the house, consider the alternatives.

☆ What's a mortgage rate buydown? 3 things you need to know to avoid 'lighting money on fire'
▼ + stars: | 2023-03-05 | by ( Jason Stauffer | Elizabeth Gravier | ) www.cnbc.com time to read: +11 min

How does a mortgage rate buydown work? The terms are sometimes used interchangeably, so it's important to understand how your individual mortgage lender is defining the buydown. When you pay for discount or mortgage points, you permanently lower your mortgage's interest rate (as opposed to buydowns which only temporarily lower the rate). So it may make less sense for these types of borrowers to pay for a lower rate. You'll want to pay attention to your mortgage's closing costs because the fees you pay can wipeout the potential savings from securing a lower mortgage rate.

☆ Here's how much Americans have in their retirement accounts — and what it means for you
▼ + stars: | 2023-03-03 | by ( Elizabeth Gravier | Jason Stauffer | ) www.cnbc.com time to read: +8 min

Fidelity Investment's latest analysis of its retirement accounts reveals Americans have, on average, six-figure balances in their IRA and 401(k) retirement accounts. As of the fourth quarter of 2022, the average balances in an IRA, 401(k) and 403(b) were (respectively) $104,000, $103,900 and $92,683. Betterment Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected. For example, Betterment doesn't require clients to maintain a minimum investment account balance, but there is a ACH deposit minimum of $10. Wealthfront Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected.

That's where the Ink Business Cash Credit Card comes in handy, providing additional bonus categories to help me maximize all my spending. The Ink Business Cash Credit Card card earns 5% cash back on the first $25,000 in combined spending at office supply stores, and on internet, cable, and phone services every anniversary year — that's a pretty extensive spending category, so 5% is a substantial number for me. Overall, the Ink Business Cash card provides higher earning potential without me having to pay an annual fee. While that's an invaluable benefit, you don't have to pay for it if you have certain credit cards, including the Ink Business Cash card. Luckily, the Ink Business Cash card does provide primary coverage, so I won't have to pay extra for supplemental insurance as long as I charge the car rental to that card.

Those building or rebuilding credit have the best chances of qualifying for secured credit cards. If you have average credit and are looking to build up to a good or excellent credit score, it's a good idea to consider a credit card designed for average credit applicants, such as the Capital One Platinum Credit Card. Find the best credit card for you by reviewing offers in our credit card marketplace or get personalized offers via CardMatch™. It's generally easier to get approved for secured credit cards or starter credit cards, which are designed especially for those who are beginning to build their credit. Our methodologyTo determine which cards offer the best value for building or rebuilding credit, Select analyzed 29 of the most popular credit cards available for consumers building or rebuilding their credit.

Below, CNBC Select rounds up some of the best balance transfer credit cards. And issuers also factor in the total cost of the balance transfer, which includes any balance transfer fees. And issuers also factor in the total cost of the balance transfer, which includes any balance transfer fees. Balance transfer credit cards are typically for consumers with good to excellent credit scores. Find the best credit card for you by reviewing offers in our credit card marketplace or get personalized offers via CardMatch™.

Balance transfer fee: Many balance transfer cards charge a fee per transfer. Learn more: How 0% APR cards work and how to complete a balance transferWhat credit score is required for 0% APR credit cards? Most 0% APR credit cards are reserved for consumers with good (670-739) or excellent (740 and greater) credit. 8 things to know before applyingWhat's the best way to use a 0% APR credit card? When you apply for a credit card (including a 0% APR card), you'll have a hard credit pull on your credit report, which typically comes with a dip of a few points in your credit score.

You'll get 60,000 Membership Rewards® points after you spend $4,000 in the first six months with the Amex Gold. The Amex Gold offers better rewards for frequent travelers, while the Capital Savor One is a better choice for those who spend more on entertainment. These benefits are rather common for annual-fee travel credit cards and available with the Amex Gold as well. For example, if you're good at navigating point transfers to get the best value, the Amex Gold can offer a higher yield. For rates and fees of the American Express® Gold Card, click here.

Below, CNBC Select breaks down what you need to know if choosing between high-yield savings accounts, CDs and treasury bills. High-yield savings accounts let you earn a higher interest rate on your balance compared to what you'd earn through traditional savings accounts. The Marcus by Goldman Sachs High Yield Online Savings Account is one savings account option that doesn't charge any excessive withdrawal fees. Like high-yield savings accounts, certificate of deposit accounts (CDs) allow you to deposit money into an account to earn interest on your balance. How to choose between a high-yield savings account, a CD and treasury billsUltimately, deciding between a high-yield savings account, a CD and treasury bills will come down to what the money will be used for.

High-yield savings accounts reward you with higher interest rates than traditional savings accounts and allow your money to grow faster thanks to compound interest — which lets you earn interest on interest. While rates can fluctuate over time, high-yield savings accounts generally offer APYs over 10 times greater than the national average on savings accounts. To determine which high-yield savings accounts are the best overall, CNBC Select analyzed and compared dozens of savings accounts offered by online and brick-and-mortar banks, including large credit unions. (See our methodology for more information on how we choose the best high-yield savings accounts.) Our methodologyTo determine which high-yield savings accounts offer the best return on your money, CNBC Select analyzed dozens of U.S. savings accounts offered by online and brick-and-mortar banks, including large credit unions.

Big banks have a major advantage over online-only banks when it comes to convenience. Online banks often offer customers better rates and lower fees since big banks have to recoup overhead costs to keep physical branches up and running. That said, there are still competitive brick-and-mortar banks that offer checking accounts with options to waive monthly fees if you meet certain requirements. To help you choose the right bank for your needs, CNBC Select evaluated dozens of checking accounts offered by big banks, offering access to at least 2,000 physical branches and over 4,000 fee-free ATMs in the U.S. We considered features like fees, minimum balance requirements and ease of use, among other factors to choose the top five best big bank checking accounts. (See our methodology for more information on how we choose the best checking accounts.)

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