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Alpena Alcona Area Credit Union is offering a 7-month CD special paying over 7% APY. Alpena Alcona Area Credit Union, a financial institution with branches in Michigan, has a 7-month CD special paying 7.19% APY. If you aren't familiar with this credit union, note that Alpena Alcona Federal Credit Union is federally insured by the NCUA. Start saving today »How to get 7.19% APY on a CDTo open a CD at Alpena Alcona Area Credit Union, you must qualify for membership. Alpena Alcona Area Credit Union has ten branches in Michigan (Alpena, Ossineke, Posen, Lincoln, Rogers City, Atlanta, Oscoda, Tawas City, and Cheboygan).

Persons: Ally Organizations: Union, Credit Union, Alpena, Alpena Alcona Federal Credit Union, Pacific Western Bank Crescent Bank, Barclays Locations: Alpena Alcona, Michigan, Alpena, Ossineke, Posen, Lincoln, Rogers City, Atlanta, Oscoda, Tawas City

☆ 'We just have to get better': US regroup after World Cup close call
▼ + stars: | 2023-08-02 | by ( Amy Tennery | ) www.reuters.com time to read: +3 min

Instead they packed their bags after the scoreless draw as the United States stayed behind, left to wonder how their journey for an unprecedented third consecutive title had nearly turned into utter disaster. Had they exited, it would have been the worst World Cup performance for the top-ranked team and would have marked the first time that defending champions had gone out in the group stage. Doing so will require that the United States resolve their lack of synchrony, with Andonovski previously blaming the starters' lack of playing minutes together. "We have to get on the same page when it comes down to the final goal, to the final pass and execution." "I wouldn’t say that the midfield three was disjointed - obviously we wanted to see them more connected," said Andonovski.

Persons: Alyssa Naeher, Lindsey Horan, David Rowland AUCKLAND, Ana Capeta ricocheted, Carli Lloyd, Vlatko Andonovski, Andonovski, Lynn Williams, Trinity Rodman, Ines Pereira, Williams, Rose Lavelle, Amy Tennery, Sonali Paul Organizations: Soccer Football, FIFA, REUTERS, Fox Sports, Sweden, Thomson Locations: New Zealand, Portugal, United States, Eden, Auckland , New Zealand, U.S, Melbourne, American, Auckland

At Lewis Clark Credit Union, you can earn 7.23% APY if you qualify to open an 11-month certificate, and 6.43% APY on a 19-month term. There's a new market leader for the highest CD rate — Lewis Clark Credit Union. Lewis Clark Credit Union is offering an 11-month certificate special paying 7.23% APY. The credit union defines new money as funds that haven't yet been deposited into a Lewis Clark Credit Union account as of July 25, 2023. How to get 7.23% APY on a CDTo get a CD special, you must become a member of Lewis Clark Credit Union.

Persons: Lewis, Lewis Clark, It's, Ally Organizations: Lewis Clark Credit Union, Union, Pacific Western Bank Crescent Bank, Barclays, FDIC Locations: Lewiston , Idaho, Orofino , Idaho, Clarkston , Washington, Alpena Alcona, Michigan, Washington, Idaho, Clearwater , Idaho, Latah, Nez Perce

☆ These 11 funds have performed as well as tech stocks over the past 5 years
▼ + stars: | 2023-07-28 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Look beyond tech But there are opportunities beyond tech: Morningstar data reveals the funds outside of tech and growth sectors that have also outperformed over the last five years. Top holdings include Home Depot, Johnson Controls International, Floor & Décor and Trane Technologies. Guinness Atkinson Alternative Energy Fund : This fund picks companies in the alternative energy sector, with at least half of the business dedicated to renewable energy or energy efficiency. Global X Lithium and Battery Tech ETF : The ETF comprises lithium producers and lithium battery makers — all essential to electric vehicles. Top holdings include United Airlines, Marathon Oil, Tyson Foods, Best Buy, and Synchrony Financial.

Persons: James Demmert, Hubbell, MasTec, Invesco Russell, Russell, Vanguard Baillie Gifford Organizations: Street Research, U.S . Federal, Morningstar, Enphase Energy, Fidelity, Housing, Home, Johnson, Trane Technologies, Guinness Atkinson Alternative Energy Fund, Schneider, NextEra Energy, Shelton Sustainable Equity Fund, Bunge, Battery Tech ETF, Samsung SDI, Trust, Industrial Renaissance, SPX Technologies, Sterling Infrastructure, Global, U.S . Infrastructure Development, Holdings, Rockwell Automation, United Rentals, Deere, Co, United Airlines, Marathon Oil, Tyson Foods, Synchrony, Heptagon, Equity Fund, Xenon Pharmaceuticals, TransMedics, FTAI Aviation, Vanguard, Moderna, Alnylam Pharmaceuticals, Coursera, Water Resources, Nasdaq, Water Locations: Luxembourg, Eaton, Albemarle

Alpena Alcona Area Credit Union has a 7-month CD special paying over 7% APY. To open a CD at Alpena Alcona Area Credit Union, you must qualify for membership. Alpena Alcona Area Credit Union, a financial institution located in Michigan, is offering a 7-month CD special paying 7.19% APY. If you aren't familiar with this credit union, note that Alpena Alcona Federal Credit Union is federally insured by the NCUA. Alpena Alcona Area Credit Union has ten branches in Michigan (Alpena, Ossineke, Posen, Lincoln, Rogers City, Atlanta, Oscoda, Tawas City, and Cheboygan).

Persons: Ally Organizations: Union, Credit Union, Alpena, Alpena Alcona Federal Credit Union, Barclays Locations: Alpena Alcona, Michigan, Alpena, Ossineke, Posen, Lincoln, Rogers City, Atlanta, Oscoda, Tawas City

☆ Orca moms fiercely protect their sons from bullying and fights — but not their daughters, study suggests
▼ + stars: | 2023-07-21 | by ( Marianne Guenot | ) www.businessinsider.com time to read: +5 min

Older orca mothers may protect their sons from bullying well into adulthood. Orca males carry fewer bite marks if their moms are alive in their old age, a study found. Moms may step in if their sons are in troubleTooth rake marks left behind on a Southern resident killer whale. David Ellifrit, Center for Whale ResearchThis new research, from the Universities of Exeter and York in the UK and the Center for Whale Research in Washington, suggests moms could be going even further for their sons. By protecting their sons, older females may be increasing the pod's chance of passing on its genes, while expending fewer resources.

Persons: Charli Grimes, Michael Weiss, Grimes, David Ellifrit, Darren Croft Organizations: Service, University of Exeter, Southern, for Whale Research, Center, , Research, Exeter University, for, Universities of Exeter, Center for Whale Research Locations: Wall, Silicon, synchrony, Southern, York, Washington

A slew of stocks in the S & P 500 are on the verge of breaking out on the back of the market rally, according to the so-called golden cross pattern. CNBC Pro used FactSet data to screen the S & P 500 for stocks that are about to form the bullish chart pattern in which their 50-day moving average breaks above the 200-day trend line. 50DMA has not been on the other side of the 200DMA in the past month. The retailer has gained more than 4% this week alone amid the broader market rally. Synchrony Financial has rebounded 10% in the past month, pushing its year-to-date gains to 10%.

Persons: 50DMA Organizations: CNBC, BlackRock, Synchrony, Paycom Software

☆ Synchrony Financial reports strong quarter on higher interest income
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +1 min

July 18 (Reuters) - Credit card company Synchrony Financial (SYF.N) beat second-quarter profit estimates on Tuesday, as the U.S. Federal Reserve's rapid rate hikes helped boost interest earned from borrowers, offsetting a hit from bigger rainy-day funds. Lenders have benefited from the Fed's aggressive monetary policy tightening, but also had to earmark bigger provisions for potential defaults as higher borrowing costs squeezed consumers' financial health. Synchrony reported a profit of $1.32 per share in the reported quarter, compared with analysts' average estimate of $1.24, according to Refinitiv IBES data. Net interest income (NII) increased 8.4% to $4.1 billion, helping soften the hit from larger credit loss provisions at $1.38 billion, up from $724 million a year earlier. Total deposits for Synchrony Financial increased 1.8% to $75.77 billion from the first quarter and rose 17% from a year earlier.

Persons: Synchrony, Jaiveer Singh, Shinjini Organizations: U.S, U.S . Federal, Synchrony Financial, Investors, Thomson Locations: U.S ., Bengaluru

☆ Grab a 4.9% yield for parking money at this bank
▼ + stars: | 2023-07-18 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +1 min

Bread Financial recently boosted its savings account annual percentage yield to 4.9%, an increase of 15 basis points. An analysis by Stephens showed that a handful of institutions boosted yields on savings products this week. Synchrony Financial hiked its savings account yield 20 basis points to 4.5%. SLM , known as Sallie Mae, lifted its yield to 4.25%, up 15 basis points, and SoFi Technologies raised the rate on its savings account to 4.4%, an increase of 10 basis points. When it comes to shopping for online savings accounts, investors shouldn't just look for the highest yields, especially because banks can adjust what they're willing to pay.

Persons: Stephens, Sallie Mae, Vincent Caintic, —, shouldn't, — CNBC's Michael Bloom Organizations: Bread Financial, Synchrony, Technologies Locations: Columbus , Ohio, Treasurys

☆ Morning Bid: Retail, housing and banks test jaunty July
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +3 min

A look at the day ahead in U.S. and global markets from Mike DolanThe benign July investment environment gets tested on Tuesday by updates on U.S. retail sales and housing while the corporate earnings season kicks back into gear with another sweep of bank reports. Consensus forecasts are for a modest rise in retail sales and industrial output last month, while the NAHB homebuilder index is expected to have ticked higher in July to underline the recent housing market recovery more broadly. U.S. stock futures were flat going into the open and 10-year Treasury yields ticked down to their lowest level of the month so far. Crude oil prices tried to find their footing after Monday's sharp drop and continue to sustain year-on-year losses of more than 25%. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Mike Dolan, Wall, HSI, Evergrande, Goldman Sachs, Janet Yellen, Morgan Stanley, Lockheed Martin, Charles Schwab, JB Hunt, Michael Barr, Christina Fincher Organizations: New York Federal, Bank of America, Bank of New, Mellon, Novartis, Sandoz, Bank of New York Mellon, Lockheed, PNC Financial, Synchrony, JB, Federal, Reuters Graphics Reuters, Reuters, Thomson Locations: U.S, Hong Kong, Treasuries, Canada

Pros Check mark icon A check mark. Competitive APY Check mark icon A check mark. High interest rate Check mark icon A check mark. High interest rate Check mark icon A check mark. Earn a higher interest rate if you set up direct deposit Check mark icon A check mark.

Persons: you've Organizations: Milli, FDIC, Bank of, Federal Reserve, Federal, Chevron, Reading Chevron, Western Alliance, Mint, Mobile, National Bank of, Synchrony Bank, SoFi Bank, Green Locations: Bank of Omaha, National Bank of Omaha

☆ These are the 3 key things that will impact the stock market in the week ahead
▼ + stars: | 2023-07-15 | by ( Zev Fima | ) www.cnbc.com time to read: +10 min

A lot was riding on these important measures of inflation after the scorching-hot ADP jobs report last week. Here are 3 things you need to know for the week ahead: 1. Industrial production and capacity utilization, also out Tuesday, shines a light on manufacturing, which attributes about 12% to U.S. GDP. Six months is generally considered to represent a balance between supply and demand in the housing market. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

Persons: Stocks, Morgan Stanley, Johnson, Jeff Miller, Lockheed Martin, Charles Schwab, JB Hunt, Goldman, Baker Hughes, Ally, Kinder Morgan, Zions, Philip Morris, Abbott, ABT, Jim Cramer's, Jim Cramer, Jim, Scott Olson Organizations: Nasdaq, Dow Jones Industrial, Housing, CPI, Halliburton, HAL, Johnson, of America Corp, Lockheed, Lockheed Martin Corp, Novartis International AG, PNC Financial Services Group, Inc, PNC, Charles Schwab Corp, Bank of New York Mellon Corporation, BK, Synchrony, Interactive, Goldman Sachs Group, U.S . Bancorp, ASML, Citizens Financial, T Bank Corp, Northern Trust Corporation, Horizon National Corp, Business Machines Corp, IBM, United Airlines, Netflix, Steel Dynamics, Alcoa, Discover Financial Services, Crown, International Corp, Equifax Inc, Las Vegas Sands Corp, Liberty Energy Inc, Philip Morris International Inc, Taiwan Semiconductor Manufacturing Company, American Airlines Group Inc, Travelers Companies, SAP, Nokia Corp, Truist Financial Corporation, Company, McLennan Companies, Infosys Technologies Ltd, Newmont Mining Corp, Fifth Third Bancorp, Pool Corporation, Alfa Laval, Webster Financial Corp, Blackstone, Financial Corp, PPG Industries, CSX Corp, CSX, Berkley Corp, Swift Transportation Holdings Inc, American Express Co, AutoNation Inc, Interpublic, of Companies, Autoliv Inc, Huntington Bancshares, Financial Corporation, Roper Technologies, Comerica, Jim Cramer's Charitable, CNBC, Getty Locations: U.S, Las, ZION, Horton, Freeport, Marsh, ALFVY, W.R, Lemont , Illinois

Pros Check mark icon A check mark. Open accounts you might not be able access outside of Raisin Check mark icon A check mark. High interest rate Check mark icon A check mark. High interest rate Check mark icon A check mark. Earn a higher interest rate if you set up direct deposit Check mark icon A check mark.

Persons: Milli Organizations: First National Bank of, Federal Reserve, Federal, Milli, FDIC, Western Alliance, Mint, Chevron, Mobile, National Bank of, Synchrony Bank, SoFi Bank, Green, Reading Chevron Locations: First National Bank of Omaha, National Bank of Omaha

24/7 phone support Check mark icon A check mark. Perks such as roadside assistance, ID theft aid, cell phone protection, and more Check mark icon A check mark. Earn up to $30 per month in out-of-network ATM refunds, depending on tier level Check mark icon A check mark. No monthly fee for the first 12 months, with recurring monthly deposits of $25 Check mark icon A check mark. Mobile check deposit Check mark icon A check mark.

Persons: —, you've, Wells, Banks, Foster, Ally, you’ll, Charles Schwab, Chase, Wells Fargo Organizations: Service, Bank of America, Credit Union, Chevron, Alliant Credit Union, Express, American Express, FDIC, Reading Chevron, Axos, Axos Bank, Blue Federal, Blue Foundation, NOVA, Capital, Schwab, Savings, Chase Bank, Overdraft, Chase, locator.chase.com, Green, Banking, The Bancorp Bank, Stride Bank, N.A, CIT Bank, Bank, FDIC CIT Bank, CIT, Connect, Citi, Member FDIC Citi, BBB, Consumers Credit, Credit, Consumers Credit Union, Delta Community Credit, Community Credit, Utah Free, Discover, Discover Bank, FDIC Discover, Falcon International, International, Falcon International Bank, International Bank of Commerce, American, Laredo Federal Credit Union, Latino Community Development Center, North Carolina, Community Credit Union, Latino Community Credit, Navy Federal Free, Federal Free, NCUA Navy Federal Free, Navy Federal Credit Union, Department of Defense, Premier, LifeGreen, Regions Bank, City Federal Credit, River City Federal Credit, Federal Credit, City Federal Credit Union, Employees Credit, NCUA, State Employees Credit Union, Member, Service Credit Union, American Consumer, Security, Security Service, UT, Stripes, Security Service Credit Union, The Security, Synchrony Bank, . Bank, U.S, Bank's Locations: Chevron, Colorado and Wyoming, NY, LA, TX, VA, NJ, Washington, Alaska, Hawaii, Puerto Rico, CA, CT, FL, Chicago , Illinois, eDocuments, Metro Atlanta , Georgia, Kentucky , Texas, Georgia, Texas, AZ, Arizona , California, Colorado, Oklahoma, Laredo, North Carolina, Charlotte, Piedmont Triad, North, American, City, River City, River, San Antonio , Texas, Bexar County, Europe, New Hampshire, Massachusetts, Colorado , Texas, Utah

☆ SoLo Funds, peer-to-peer loan platform for underserved banking consumers, is expanding to Nigeria
▼ + stars: | 2023-06-29 | by ( Natalie Rose Goldberg | ) www.cnbc.com time to read: +7 min

Expansion to Nigeria, Williams said, is a first step on the path to further international growth. In Nigeria, SoLo Funds has already connected with Paga, a mobile payment company, Platform Capital, an African investing firm based in Nigeria, and Endeavor, an entrepreneurial community network. SoLo Funds users have the opportunity to lend small amounts of money, ranging from $50-$1,000, to peers on the platform. That mission has not come without controversy, and allegations that SoLo Funds is creating a new form of predatory short-term lending. The complexity of lending regulation in the U.S. on a state-by-state basis has prepared SoLo Funds for the equally complex international launch.

Persons: Williams, Elon, " Williams, Rodney Williams, Travis Holoway, We've Organizations: Procter & Gamble, Visa, Intel, Synchrony, CNBC, Aspen Ideas, Platform, Endeavor, Google, NBCUniversal News Locations: Nigeria, Africa, America, Connecticut, California, Washington, United States, U.S, Latin America, Southeast Asia

☆ Goldman Sachs faces big writedown on GreenSky deal, CNBC reports
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +1 min

June 23 (Reuters) - Goldman Sachs (GS.N) is likely to take a large writedown for its $2.2 billion acquisition of fintech lender GreenSky after seeking to divest the business it bought in 2021, CNBC reported on Friday, citing people with knowledge of the sale process. One bidder said GreenSky's loan origination platform is worth roughly $300 million, while another said it was worth closer to $500 million, according to the report. CNBC added the bids for the platform, which facilitates home improvement loans to consumers, were coming in well below Goldman's expectations. Shares of Goldman were down about 1.4% in mid-morning trading. The bank has been running a sale process for GreenSky, and may take a writedown on the $500 million of goodwill, or the premium it paid above the assets' book value, Goldman President and Chief Operating Officer John Waldron told investors at a conference in June.

Persons: Goldman Sachs, Goldman, We're, John Waldron, Warburg Pincus, Manya Saini, Jaiveer Shekhawat, Shinjini Organizations: CNBC, Goldman, KKR, Apollo Global Management, Sixth Street Partners, Synchrony Bank, Thomson Locations: Bengaluru

☆ Goldman Sachs faces big writedown on CEO David Solomon’s ill-fated GreenSky deal
▼ + stars: | 2023-06-23 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

Goldman Sachs CEO David Solomon speaks during the 2023 Forbes Iconoclast Summit at Pier 60 on June 12, 2023 in New York City. Goldman Sachs is likely to take a large write-down for its 2021 acquisition of fintech lender GreenSky after seeking to unload the business, CNBC has learned. Bids for the installment loan business are coming in well below what Goldman had hoped for, according to people with knowledge of the sale process. Under CEO David Solomon, Goldman bought Atlanta-based GreenSky for $2.24 billion to help accelerate its push into consumer finance. "Everybody's been coming in low, and the Goldman team keeps pushing back, pounding the table about the value of it," said one of the bidders.

Persons: Goldman Sachs, David Solomon, Goldman, Solomon, Warburg Pincus, Everybody's Organizations: Forbes, CNBC, KKR, Apollo Global Management, Sixth Street Partners, Synchrony Bank, Goldman Locations: New York City, Atlanta

☆ How to get better returns on your cash now
▼ + stars: | 2023-06-21 | by ( Chris Taylor | ) www.reuters.com time to read: +5 min

NEW YORK, June 21 (Reuters) - You might assume that with U.S. interest rates at new highs, Americans are getting terrific returns on savings. MONEY MARKET FUNDSIn brokerage accounts there is a default or "sweep" account, where cash is kept before you make other investments. The two highest yields at the moment for government money market funds, according to data trackers iMoneyNet: UBS Liquid Assets Government Fund at 5.07%, and Vanguard Treasury Money Market Fund at 5.06%. An important note about terminology: Money market funds are distinct from money market accounts. “All of these are very appealing, and we are recommending people reassess their cash and emergency fund savings.

Persons: ”, Greg McBride, ” McBride, James Gambaccini, Gambaccini, –, Sallie Mae, Brandon Opre, Chris Taylor, Lauren Young, Matthew Lewis Organizations: YORK, Federal Reserve, BMO, TIAA Bank, Treasury Bills, U.S ., Barclays, UBS Liquid Assets Government, Vanguard Treasury Money Market, Thomson Locations: www.TreasuryDirect.gov, Reston , Virginia, Huntersville , North Carolina, New York

Money market funds Assets in retail money market funds grew to $1.99 trillion, according to the latest data from the Investment Company Institute . Further, even as money market funds offer relative safety, they can still face some risk. Don't confuse money market funds with money market accounts. Though money market accounts – which are offered by banks – are protected by the Federal Deposit Insurance Corporation, up to $250,000, money market funds are not. Certificates of deposit and high-yield savings accounts Liquidity should be a big factor for investors eyeing bank products like CDs and high-yield savings accounts.

Persons: Jamie Hopkins, Hopkins, Don Grant, Jordan Benold, Lehman, Danika Waddell, BancShares, Waddell Organizations: Federal, Carson Group, Sabre, Investment Company Institute, Investors, –, Lehman Brothers, Federal Deposit Insurance Corporation, Xena, BMO, Ally Financial, CIT Bank, Synchrony, Ally, Capital

☆ The year is half over. Here are three considerations to make sure your portfolio is on track
▼ + stars: | 2023-06-13 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Rebalance your portfolio Tech's remarkable bounce in 2023 could result in a significant portfolio tilt toward that sector — and an overconcentration that could hurt in the event there's a downturn. That means it's time to trim down a few of those oversized positions and make sure your asset allocation is properly reflecting your goals. Check in with cash Cash is another asset that requires your attention, especially in an era when investors have a host of options of where keep those funds. Cash you don't need for many years can go right back into your stock portfolio so you can keep ahead of inflation, Pearce said. "Make sure you have an appropriate amount of cash, and make sure you're not sitting on an enormous pile of cash that's doing nothing," he added.

Persons: Jorrell Bland, Josh Brown, Tony Roth, haven't, Wilmington Trust's Roth, Roth, Cash, Jerrod Pearce, Goldman Sachs, Marcus, Pearce, — CNBC's Michael Bloom Organizations: Nasdaq, Federal Reserve, Mitlin, Ritholtz Wealth Management, Wilmington Trust Investment Advisors, JPMorgan Equity, Wilmington, Creative Planning, Bread, Bread Financial, Citizens Financial, Treasury Locations: Wilmington, Treasurys

The interest rates on high-yield savings accounts have been rising for months. See the best high-yield savings accounts »Get the latest tips you need to manage your money — delivered to you biweekly. And if you're wondering why we're talking about high-yield savings accounts in particular, it's this: The average interest rate for a regular savings account in the US is 0.40%. How to use a high-yield savings accountHigh-yield savings accounts aren't perfect, and they aren't for every situation. The Federal Reserve raises the federal funds rate to combat inflation, and you see the numbers rise: Mortgage interest rates go up, CD interest rates go up, savings interest rates go up.

Persons: It's, —, They're Organizations: Service, Federal Reserve

☆ Opinion | If You’re Reading This, You’re Probably ‘WEIRD’
▼ + stars: | 2023-05-26 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +83 min

You’re probably very weird, and not just for all the obvious reasons you’re thinking of. Because, obviously, there’s going to be some overlap in the curve here. How you’re going to behave with your professor is quite different than how you’re going to behave with your friends. But it’s really kind of faceless, and you’re not really helping anybody you know. I think things are dynamic, and directions are changing, and that sort of thing.

☆ Should You Lock in Today’s CD Rates?
▼ + stars: | 2023-05-25 | by ( ) www.wsj.com time to read: +8 min

Buying a long-term CD means you could lock in today’s generous rates for years to come. Today top CD rates on three- to five-year CDs are 4% to 5%, the highest they have been since the mid 2000s. Deciding when to lock in CD rates is always a balancing act—and even more so in today’s climate of high economic uncertainty. Second, they let you lock prevailing interest rates, so if rates fall you’ll continue to earn the rate you signed up for, for the entire term of the CD. For instance, CIT Bank’s no-penalty CD has an APY of 4.9%—just a hair below the 5% APY its top regular CD offers.

☆ Online banks sweeten CD rates as institutions compete for deposits
▼ + stars: | 2023-05-03 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +3 min

Online banks are boosting rates on savings accounts and certificates of deposits as fear of deposit flight plagues regional institutions. Bread offers an annual percentage yield (APY) of 5.2% on a one-year CD and 4.65% APY on savings accounts. Capital One has an APY of 3.75% on its savings account, and it pays 4.15% APY for a one-year online CD. Other online institutions paying attractive rates on one-year CDs include Synchrony Financial, which pays 4.75% APY, and Ally Bank, which offers a 4.5% APY. Analysts expect higher rates from online banks to spur other institutions to raise their deposit betas – that is, the amount by which rates paid to customers increases following a boost in the fed funds rate.

☆ Parking your cash in these investments is paying off: 3 ways to find the best place to hide
▼ + stars: | 2023-04-19 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

Apple, working with Goldman Sachs, entered the fray this week and launched a savings account with a 4.15% annual percentage yield. Even money market funds, where investors can park cash that's in their brokerage accounts, are paying attractive rates. With an array of places to earn yield, investors need to weigh a few factors before deciding where they ought to keep their cash. Note that the rate paid to you on a high-yield savings account can change once you've opened it. Meanwhile, savings accounts may not hit you with penalties – but you could still face limitations on the number of withdrawals and transfers from these accounts.

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