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☆ Savings Account Rates Today: August 27, 2023 | Earn Over 5%
▼ + stars: | 2023-08-27 | by ( Business Insider | ) www.businessinsider.com time to read: +15 min

Leading High-Yield Savings Account RatesRemember that high-yield savings account rates are variable, so they will change over time. Pros Check mark icon A check mark. Accounts pay high interest rates Check mark icon A check mark. Open accounts you might not be able access outside of Raisin Check mark icon A check mark. Products in this post: Betterment Cash Reserve Account, Western Alliance Bank High Yield Savings Account, UFB High Yield Savings, Milli Savings Account, Newtek Bank Personal High Yield Savings Account

Persons: they've, you'd, —, Cash, we've Organizations: Alliance, Western Alliance, Mint, FDIC, Chevron, Reading Chevron, Bank, Savings, CIT Bank, Barclays, Barclays Bank, Member, Apple, American Express, Cash Locations: Axos

☆ Savings Account Rates Today: August 26, 2023 | Earn Over 5%
▼ + stars: | 2023-08-26 | by ( Business Insider | ) www.businessinsider.com time to read: +15 min

☆ Savings Rates August 25, 2023: Leading Savings Rates Today
▼ + stars: | 2023-08-25 | by ( Business Insider | ) www.businessinsider.com time to read: +15 min

Currently, the Western Alliance Bank High Yield Savings Account is the highest-yield savings account on Raisin. You can earn 5% or more with several savings accounts, including the Milli Savings Account, Betterment Cash Reserve, Newtek Bank High Yield Savings Account, and more. A high-yield savings account is a type of bank account that offers a higher interest rate than a traditional savings account. High-Yield Savings Account BasicsA savings account is an interest-earning bank account. A good high-yield savings account will likely be an account where you can grow your savings without unnecessary hassles."

Persons: you've, you'd, APY, you'll, Raisin, Milli, hasn't, FNBO, Primis, Synchrony, SoFi, Banks, Tania Brown, Roger Ma, Sophia Acevedo, Mykail James, BoujieBudgets.com, that's, it's, we've Organizations: Chevron, FDIC, Reading Chevron, Western Alliance, Mint, Milli, Mobile, National Bank of, Newtek Bank, Newtek, Popular Bank, Primis Bank, Virginia, Synchrony Bank, SoFi Bank, Green, Barclays, Barclays Bank, Member, Apple, Discover Bank, FDIC Discover, Discover, Better Business, Securities and Exchange, SEC, Cash, BBB, Raisin, UFB, Popular, Popular Direct, Google, First National Bank of, Primis, Synchrony, Security and Exchange, Savings, Better, Barclays doesn't, Securities and Exchange Commission, Federal, Federal Reserve, Federal Deposit Insurance Corporation, National Credit Union Administration, Governors, Finance Locations: National Bank of Omaha, Axos, Maryland, First National Bank of Omaha, California, Raisin, Chevron

Traditional CDs will not allow you to deposit money during a term; you'll have to wait to make additional deposits once a CD reaches maturity. Consider whether CD minimum balance requirements will factor into your CD options. For example, a Popular Direct CD requires at least $10,000, while an Ally or Barclays CD does not require a minimum deposit to open. Look for a CD that has a lesser required amount in order for you to still gain money from having money in a CD," says Dixon. Featured 1-Year CD Rate Pacific Western Bank 1 Year CD Annual Percentage Yield (APY) 5.51% Minimum Deposit Amount $1 Start savingFeatured 1-Year CD Rate Pacific Western Bank 1 Year CD Annual Percentage Yield (APY) 5.51% Minimum Deposit Amount $1 View Full Details Start saving On Raisin's websitePacific Western Bank 1 Year CD Start saving On Raisin's website Featured 1-Year CD Rate Details Annual Percentage Yield (APY) 5.51% Minimum Deposit Amount $1 Pros & Cons Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options.

Persons: isn't, it's, Elizabeth, Patrina Dixon, Dixon, you'll Organizations: Barclays, Dixon Consulting, Bank, Western Bank, Mint, FDIC, Chevron, Federal Credit Union, Connexus Federal Credit Union, Consumers Federal Credit Union Locations: CFEI, Connexus

☆ Best 1-Year CD Rates
▼ + stars: | 2023-07-18 | by ( Martha C. White | ) www.wsj.com time to read: +7 min

Best 1-year CD ratesToday’s market for one-year CDs is big and very competitive—good news for yield-seekers. To help you find the best yields you can get today, here are some one-year CDs with the highest APYs currently on the market. These picks reflect the best available one-year CD rates as aggregated by DepositAccounts, com, which tracks roughly 275,000 rates at more than 11,000 banks and credit unions, and Buy Side from WSJ’s own research. Increased competition for your dollars today means that the best one-year CD rates come very close to tracking the movement of the Fed’s benchmark federal-funds rate, says DepositAccounts.com founder Ken Tumin. We concentrated on rates available across the U.S., although you might find a great one-year CD rate at a local community bank or credit union near you.

Persons: Martha C, Banks, Ken Tumin, Tumin, “, ” Tumin, you’re, ”, Kathy Carey, Baird Organizations: Federal Reserve, FDIC, National Credit Union Administration Locations: U.S

How cash management accounts workCash management accounts are multifunctional accounts that combine checking and savings account features. Where to find cash management accountsBelow, you'll find fintech companies we've reviewed that have cash management accounts. Wealthfront Cash Account: Wealthfront is an investing platform with a cash management account. Cash management account FAQsWhat is the purpose of a cash management account? Betterment Cash Reserve, Wealthfront Cash Account, and Fidelity Cash Management are all popular examples of cash management accounts.

Persons: Tony Molina, You'll, Banks, Read, you'll, Cash, It's Organizations: Service, Governors, Federal Reserve, FDIC, Cash, Fidelity Cash Management Locations: Wall, Silicon, Wealthfront

The Best Pet Insurance for Senior DogsMany pet insurance companies have high premiums for older pets and exclude animals that have pre-existing conditions. Pet Insurance for Seniors Company ReviewsSpot Pet InsuranceThe first thing to love about Spot Pet Insurance: There's no upper age limit. Why You Should Trust Us: Our Expert Panel for the Best Pet Insurance for Senior DogsTo put together this list of the best pet insurance for seniors, we interviewed the following experts:Vanessa Selger, an emergency veterinarian in Virginia Beach. Methodology: How We Chose the Best Pet Insurance for Senior DogsTo choose the best pet insurance for seniors, we compared more than 14 pet insurance companies and followed our insurance rating methodology. The Experts' Advice on Choosing The Best Pet Insurance for SeniorsWhen you're choosing pet insurance for senior animals, there are three main factors: the cost, your pet's age, and their health.

Persons: they're, Trupanion, Vanessa Selger, you'll, it's, Pumpkin, It's, Figo, ASPCA, Kari Steere, Selger, Steere Organizations: Insurance, Senior Dogs, Reading Chevron, Pet Insurance, Pet, American Kennel, AKC Insurance, Seniors Locations: Virginia Beach

Accounts pay high interest rates 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. Accounts pay high interest rates Check mark icon A check mark. High interest rate Check mark icon A check mark.

Persons: Jennifer, Read Organizations: Credit Union, of Oklahoma, GreenState Credit, Credit, Mint, FDIC, Chevron, Crescent, Crescent Bank, Reading Chevron, Savings, Western Alliance, Bank, CIT Bank, UFB, Business, Black Enterprise Magazine, CNBC, Forbes, Twitter Locations: of, Louisiana

☆ 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

Kraken vs. Coinbase: The Biggest DifferencesCompare Kraken and Coinbase KrakenCoinbase Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. These levels determine which account features you can access, as well as represent the amount of documentation you provide when setting up your Kraken account. Kraken Account FeaturesIf you're an institution or an advanced trader, there's no shortage of services at Kraken. The standard Coinbase account includes crypto trading, Coinbase Earn, Coinbase Card (a Coinbase debit card), wallet services, and more. Coinbase and Kraken are both great cryptocurrency exchanges with large cryptocurrency selections, account features, NFT beta marketplaces, and more.

Persons: Coinbase, Min, webinars —, Kraken, Roth IRAs, Coinbase Waller, you'll Organizations: US Securities and Exchange Commission, SEC, Chevron, Coinbase, Trade, Pro, OTC, Better, Bureau, Inc, New York State Department of Financial Services, New, DFS, iOS Locations: New York, Washington

☆ Millionaires support raising Federal Deposit Insurance Corp. limits. They may be overlooking ways to access more coverage on deposits now
▼ + stars: | 2023-06-12 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Currently, the Federal Deposit Insurance Corp. insures $250,000 per depositor for each ownership category for deposits held at an insured bank. That year, the standard maximum deposit insurance amount was temporarily raised to $250,000, from $100,000. How future deposit insurance may changeThe FDIC in May released a report that outlined three options for the future of the deposit insurance system. This may include an increased, yet also "finite," deposit insurance limit, the FDIC's report states. A third choice, targeted coverage, would provide different levels of deposit insurance coverage for different types of accounts, with higher coverage for business payment accounts.

Persons: Lauren Justice, First Republic —, Martin Gruenberg, Gruenberg, Ted Jenkin, Atlanta . Jenkin, Jenkin Organizations: Bank, Bloomberg, Getty, Valley Bank, Signature Bank, CNBC, Millionaire Survey, Federal Deposit Insurance Corp, First, Committee, Silicon Locations: Beverly Hills , California, First Republic, Atlanta .

[1/5] Abdessalem Maraouni, a Tunisian university student displays a medicine box of "Celluvisc" at his home in Tunis, Tunisia May 29, 2023. Tunisia imports all medicine through the state-owned Central Pharmacy, which provides drugs to hospitals and pharmacies around the country which offer them to patients at a subsidised rate. Amira said the Central Pharmacy owed about 1 billion dinars ($325 million) to suppliers. Tunisia's Health Ministry and Central Pharmacy did not respond to requests for comment. MEDICINE EXCHANGEFrom the roof of his Tunis house, retired soldier Nabil Boukhili has opened an unofficial medicine exchange for his neighbourhood in coordination with local doctors.

Persons: Maaoui, Faourati, Kais Saied, Naoufel Amira, Amira, Nabil Boukhili, Boukhili, I've, Najia, Abdessalem Maraouni, Kamal, Tarek Amara, Jihed Abidellaoui, Angus McDowall, Ros Russell Organizations: REUTERS, Monetary Fund, Central Pharmacy, Tunisia's Syndicate, Tunisia's Health Ministry, Reuters, Thomson Locations: Tunis, Tunisia, TUNIS, Europe

☆ Bill Ackman calls on JPMorgan CEO Dimon to run for US president
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +2 min

May 31 (Reuters) - Billionaire hedge fund manager Bill Ackman said Jamie Dimon should run for president in the next U.S. elections after the JPMorgan Chase & Co (JPM.N) CEO expressed his interest in pursuing a public office. loadingAckman called Dimon an "exemplary leader" and lauded him for having "superbly managed" JPMorgan through every crisis. There have been speculations about Dimon's potential presidential run in the future. "If he decides to get out of banking, I think he would be really good in politics," former President Bill Clinton once said of Dimon. In the 2016 presidential election, Ackman had urged former New York City Mayor and billionaire Michael Bloomberg to run for president.

Persons: Bill Ackman, Jamie Dimon, Dimon, Ackman, Donald Trump, Bill Clinton, Michael Bloomberg, Niket, Bayliss, Jaiveer, Anil D'Silva Organizations: Billionaire, JPMorgan Chase &, Bloomberg, JPMorgan, Trump, Pershing, Capital Management, Street, New, New York City, Svea Herbst, Thomson Locations: China, United States, New York, Bengaluru, Svea

I'm prone to kidney stones, and I'm very conscious of the ongoing risk of COVID-19. There are also a few other reasons why I'm investing in travel insurance this summer. Some travel insurance plans cover travel delays, which will guarantee the funds from my canceled flights will go back into my bank account. Not all countries accept US health insurance, so travel insurance will give me the flexibility to get the health support I need without additional costs. Travel insurance gives me the confidence to book a trip, even if I might have to cancel it at the last minute.

☆ Op-ed: Why cash is king for emergency funds and queen for short-term savings
▼ + stars: | 2023-05-22 | by ( Stacy Francis | ) www.cnbc.com time to read: +6 min

You would have been lucky to find a high-yield savings account paying out 1%-2% at that time. Where to keep your emergency cashAn emergency fund is a cash cushion of roughly three to six months of living expenses. American Express High Yield Savings and Barclays Online Savings Account are highly competitive. The easiest way to reach this goal is to automatically have a portion of your paycheck directed toward your emergency or short-term savings fund. Your emergency fund and short-term savings should be directed toward something other than your everyday checking or savings account.

Climate change drove heat in the city to a record-breaking 48C (118F) in 2016. While traditional insurance can take months to pay, with so-called "parametric" insurance there is no need to prove losses. At annual climate talks in Egypt last year, nonprofits urged richer nations to help finance parametric insurance as a way of compensating victims of worsening weather extremes. At the moment, insurance schemes in the developing world are largely subsidized by nonprofit groups, national governments, or wealthy countries. Insurance payouts allow them to buy things like gloves to protect their hands from scorching hot metal tools, or fans to stay cool and avoid heat exhaustion.

☆ Why the US needs regional banks
▼ + stars: | 2023-05-14 | by ( Allison Morrow | ) edition.cnn.com time to read: +5 min

But those mega-banks lack the dexterity and regional specialization that small businesses crave, which is partly why Corporate America and policy makers alike are worried about the continued turmoil among regional banks. In just two months, a spark of panic has turned into a conflagration that has put America’s regional banks on notice. All of those banks share a status in common as a “regional” or “sector-specific” lender. By definition, regional banks are more specialized and focused. Without raising the cap, Hockett argues, we risk letting the Wall Street banks gobble up their smaller competition when those regional lenders fail.

☆ Why bank stocks are so unstable
▼ + stars: | 2023-05-09 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +10 min

New York CNN —The financial sector has been churning in rough water since the shocking collapse of Silicon Valley Bank in March. Bank insiders see this and have been buying up shares of regional lenders, according to a report by Timothy Coffey, an analyst at Janney Montgomery Scott. The Oracle of Omaha said he remains cautious about holding bank stocks and that he has reduced his own exposure to the sector. The S&P 500 financial sector, however, is down more than 12% over the same period. Economists were hoping that this year would bring better news, but instead 2023 brought the collapse of three US regional banks and a subsequent lending squeeze.

JPMorgan made a bold call on Friday, upgrading three regional banks despite a renewed rout in the sector this week that the investment bank says is partly due to short sellers. "To this end, we believe a sell-off in regional banks has become a catalyst itself to cause further fear and selling pressure." The SPDR S & P Regional Banking ETF , down 15% through Thursday this week, was up 4% in premarket trading Friday. The banks that JPMorgan upgraded have been hit even harder than the broader sector. The regional bank stocks have fallen despite the fact that the companies reported lower deposit outflows than First Republic.

☆ How to Deal With Rising Auto Insurance Rates
▼ + stars: | 2023-05-05 | by ( Ann Carrns | ) www.nytimes.com time to read: +2 min

The federation supports eliminating the use of credit scoring in insurance rating, saying it especially harms lower-income customers and people who live in minority neighborhoods. (At least three states — California, Hawaii and Massachusetts — bar the use of credit scoring in setting these premiums, and a few others limit its use.) Insurers defend giving better rates to drivers with good credit, saying it makes sense because those customers are less likely to file insurance claims. “The vast majority of customers get a better rate because we’re using credit scoring,” Mr. Passmore said. While many people “would rather get a root canal,” he said, getting auto insurance quotes isn’t difficult.

☆ There are limited options to fix the banking crisis, but one is gaining support
▼ + stars: | 2023-05-04 | by ( Jeff Cox | ) www.cnbc.com time to read: +4 min

Ackman didn't provide specifics on how he thinks a deposit guarantee program would work, but he said one is essential to restore investor confidence in regional banks. That has put pressure on midsize banks, and the S & P Regional Bank ETF has fallen 40% year to date. Short sellers have ganged up on some regional banks on the prospect that even those that are rescued or merged will see stock holders wiped out. "Renewed stress among regional bank stocks after market close may cause [Washington, D.C.] to reconsider priorities," Mayo said in a client note. "Unfortunately, there is a significant disconnect between the renewed pressure on regional banks and DC's posture," Mills said in a note.

BEVERLY HILLS, May 2 (Reuters) - Wells Fargo & Co (WFC.N) CEO Charlie Scharf said on Tuesday the banking industry is "extremely strong" but added he expects more volatility as market participants assess the health of financial institutions. "Talking about regional banks as one - it just makes absolutely no sense," Scharf said at the Milken Institute Global Conference. "Unfortunately, there will be a lot of volatility and turmoil," he said, adding that "the majority of the banks that we look at are still extremely strong." He did not expect more bank failures comparable to the recent collapses of Silicon Valley Bank, Signature Bank and First Republic Bank. Lazard advised First Republic Bank (FRC.N) before it was seized by regulators and sold to JPMorgan on Monday.

☆ 'Other problems might be lurking': Strategist is unconvinced by Jamie Dimon's bank crisis comments
▼ + stars: | 2023-05-02 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

Workers are seen inside of a First Republic Bank office on May 01, 2023 in San Francisco, California. Justin Sullivan | Getty Imageswatch nowDavid Pierce, director of strategic initiatives at Utah-based GPS Capital Markets, told CNBC Tuesday that the financial sector's frailties may be more profound than the messaging from bankers and policymakers suggests. Could they have funded them and given them additional capital, provided loans that would have gotten them through this hard time?" The World Economic Forum's Chief Economists Outlook, published Monday, showed chief economists by and large do not currently see large-scale systemic risk from the recent banking chaos, but they do think it will have some economic impact. "Although the chief economists are broadly sanguine about the systemic implications of the recent financial disruption – 69% characterize it as isolated episodes rather than signs of systemic vulnerability – they point to potentially damaging knock-on effects," the report said.

☆ Sheila Bair to Jerome Powell: Stop trying to look so tough on inflation. It will backfire
▼ + stars: | 2023-05-02 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

The Fed’s war on inflation has piled pressure on the banking system, contributing to the significant stress on the banking system. “I would say hit pause,” Bair told CNN in a phone interview on Monday. I know they want to look tough, but at some point, they look weak,” Bair said. Bair argues the Fed needs “more thought” about the impact these monetary policy decisions are having on the stability of the banking system. “It sounds scary but in the context of the entire banking system, it’s not huge.

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