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☆ These 28 regional and community banks exceed regulators' threshold for high commercial real estate concentration risk: here's what's really at stake.
▼ + stars: | 2024-03-09 | by ( Laila Maidan | ) www.businessinsider.com time to read: +12 min

But where banks' exposure to commercial real estate is concerned, locating that fire may be difficult. Rising interest rates quickly increased the cost of borrowing for investors in commercial real estate, including offices and multifamily homes. It doesn't reveal details such as borrowers' track records, said Mark Hillis, a former chief risk officer for commercial real estate at JPMorgan. There's also varying concentration risk: the largest banks with commercial real estate exposure are more diversified, meaning that any losses won't be as devastating, Baker said. "We think very few banks will run into issues just from their commercial real estate exposure," Reidy said.

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Known for offering little to no interest, savings account interest rates have greatly increased as the Federal Reserve raised interest rates several times in 2022 and 2023 to combat inflation. The average savings account interest rate in the US is 0.42% APY, but the account you choose has a big impact on that rate. If you opened a savings account years ago and never looked again, it's likely you're not earning nearly as much as you could. I have my own version of a savings ladder using three savings accounts: an emergency fund, a high-yield savings account, and a savings account for a down payment on a home. Products in this post: Betterment Cash Reserve Account, OceanFirst Bank High Yield Savings Account, Milli Savings Account, SoFi Checking and SavingsJennifer Streaks Senior Personal Finance Reporter and Spokesperson Jennifer is a Senior Personal Finance Reporter and Spokesperson for the Personal Finance vertical at Business Insider.

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Apple's high-yield savings account passed $10 billion in deposits. The account, which encourages automatic deposits from Apple Card users, offers 4.15% APY. The savings account is the newest part of Apple's suite of products built into Apple Wallet, which allows iPhone users to easily integrate with Apple Card and Apple Savings. Users can choose to put this cash (called Daily Cash) in one of two places: an Apple Cash card, or an Apple Savings account. Like Apple Savings, Marcus is fee-free, FDIC-insured, and supported by the Salt Lake City branch of Goldman Sachs.

Persons: Goldman Sachs, Apple iPhones, Marcus Organizations: Apple Card, Apple, Apple Savings, Savings, Wall Street Journal, Cash, OceanFirst Bank Locations: Salt Lake City

High-yield savings accountsA regular savings account can have interest rates as low as 0.03%, while a high-yield savings account can yield up to 5% (although rates do fluctuate). Pros Check mark icon A check mark. Open accounts you might not be able access outside of SaveBetter Check mark icon A check mark. Pros Check mark icon A check mark. Great for those who want to invest in low-risk, short-term investments Check mark icon A check mark.

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Pros Check mark icon A check mark. Accounts pay high interest rates Check mark icon A check mark. No fees Check mark icon A check mark. Open accounts you might not be able access outside of SaveBetter Check mark icon A check mark. It works for my financial strategyWhen determining how much money you should keep in your savings account, there's no one rule to follow.

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