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Credit Union One of Oklahoma is offering the highest interest rate for a CD right now. 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 Raisin Check mark icon A check mark.

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I regularly move my money between various high-yield savings accounts and CDs for better rates. Over the years, this has helped me earn thousands of dollars in passive income, since I've been able to find interest rates that often tower over 5%. See Insider's picks for the best 1-year CD rates »1. Since I'm usually moving thousands of dollars at a time, I need to make sure that I'm making a smart money move before taking the leap. Interest rates are constantly changing, which means they sometimes become lower.

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For people of color, talking about money with a financial planner or money coach can be daunting. "If we don't talk about our money goals or wins, how can we view money as a tool?" Figure out what kind of help you're looking forFirst, ask yourself if you're looking for a financial advisor or money coach, or potentially both. Many financial advisors are fiduciaries, who are legally obligated to act in your financial interest. If that's you, find a financial advisor to help you deepen your understanding while respecting your boundaries with risk."

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Compare Affinity Plus Federal Credit Union products Affinity Plus Federal Credit Union Membership Savings AccountAffinity Plus Federal Credit Union Better Than Free Checking AccountAffinity Plus Federal Credit Union Basic CertificateAffinity Plus Federal Credit Union Superior Money Market Account Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Affinity Plus Federal Credit Union Basic Certificate ReviewAffinity Plus Federal Credit Union Basic Certificate 4.25 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Annual Percentage Yield (APY) 0.30% to 4.25% Minimum Deposit Amount $500Affinity Plus Federal Credit Union Basic Certificate 4.25 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star Annual Percentage Yield (APY) 0.30% to 4.25% Minimum Deposit Amount $500 View Full DetailsAffinity Plus Federal Credit Union Basic Certificate Affinity Plus Federal Credit Union, NCUA insured. Affinity Plus Federal Credit Union Superior Money Market Account Start banking Affinity Plus Federal Credit Union, NCUA insured. Affinity Plus Federal Credit Union FAQsWhere are Affinity Plus Federal Credit Union locations? How Affinity Plus Federal Credit Union ComparesAffinity Plus Federal Credit Union vs. Premier Members Credit UnionPremier Members Credit Union has 17 branches in Colorado.

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☆ 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

Old Point National Bank is offering the highest interest rate for a CD right now. 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 Raisin Check mark icon A check mark.

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☆ After using a high-yield savings account to earn 20 times more on my money, I've figured out the perfect system to have cash for everything I need — and want
▼ + stars: | 2023-06-20 | by ( Melanie Lockert | Read More | Read Less | ) www.businessinsider.com time to read: +8 min

I opened a high-yield savings account about a decade ago, and I've been refining my savings strategy ever since. High-yield savings accounts typically pay at least 20 times the interest of a traditional savings account, and the best rates now are even higher. Targeted savings accounts made all the differenceI realized that my bank gave me the ability to open up to 25 different savings accounts — and nickname them. Pros Check mark icon A check mark. No fees Check mark icon A check mark.

Persons: I've, —, I'm Organizations: Service, ING, Mint, FDIC, Chevron, Capital Locations: Los Angeles, Portland , Oregon

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.

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☆ Laurel Road High Yield Savings Account review
▼ + stars: | 2023-06-15 | by ( Ariana Arghandewal | ) edition.cnn.com time to read: +6 min

Our quick take: The Laurel Road High Yield Savings Account combines a high APY with the convenience of online banking. Getty ImagesThe Laurel Road High Yield Savings Account is an FDIC-insured savings account that offers a competitive interest rate and no monthly fees. Further, the Laurel Road High Yield Savings Account has no minimum deposit requirement, making the high APY accessible to most US consumers. Advantages of the Laurel Road High Yield Savings AccountGetty ImagesThe primary advantage of the Laurel Road High Yield Savings Account is the high APY, with no minimum deposit required. Disadvantages of the Laurel Road High Yield Savings AccountLaurel Road makes it difficult to deposit cash into your savings account.

Persons: Laurel Road’s Organizations: CNN, Laurel, Bask, CIT Bank Savings, Bank of America, Capital, Citi, Chase Locations: Laurel, KeyBank

☆ The Fed’s latest pause still means high rates for you
▼ + stars: | 2023-06-14 | by ( Jeanne Sahadi | ) edition.cnn.com time to read: +6 min

The average bank savings rate as of June 7 was a mere 0.25%, according to Bankrate.com. But that’s because the savings rates at the biggest US banks pay very little — see, for instance, 0.01% at JPMorgan Chase (JPM). Currently, the average credit card rate is at a record high of 20.44% as of June 7, according to Bankrate.com. [And] home equity rates are the highest in more than 20 years,” McBride said. The average rate on a 30-year mortgage was 6.71% in the week ending June 8, down from 6.79% the week before.

Persons: ”, Greg McBride, Sara Kalsman, Schwab, you’ll, That’s, ” McBride, Bankrate, McBride, Anna Bahney Organizations: New, New York CNN, Federal Reserve, JPMorgan Chase, Fidelity, Fed, “ Locations: New York, Boston, Detroit

Specifically, the NASA Federal Credit Union 9 Month Share Certificate is currently offering 5.65% APY (Annual Percentage Yield), the highest rate on the market right now. And it's NASA again that's offering the second-highest rate: the NASA Federal Credit Union 15 Month Share Certificate at 5.45% APY. NASA Federal Credit Union 9 Month Share Certificate Annual Percentage Yield (APY) 5.65% Minimum Deposit Amount $10,000 Start savingNASA Federal Credit Union 9 Month Share Certificate Annual Percentage Yield (APY) 5.65% Minimum Deposit Amount $10,000 View Full Details Start saving On NASA Federal Credit Union's websiteNASA Federal Credit Union 9 Month Share Certificate Start saving On NASA Federal Credit Union's website Details Annual Percentage Yield (APY) 5.65% Minimum Deposit Amount $10,000 Pros & Cons Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Minimum opening requirements are often lower than if you opened an account directly with a bank Cons Dash icon A dash. Only way to deposit or withdraw money is by connecting to an external account Dash icon A dash.

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Our experts answer readers' insurance questions and write unbiased product reviews (here's how we assess insurance products). When I got renters insurance, I guessed how much I needed. Compare the best renters insurance policies. I've had my share of car accidents and auto insurance claims, but this was my first time having a major loss and filing a renters insurance claim. An emergency fund is a mustAn insurance claim takes time.

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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. Minimum opening requirements are often lower than if you opened an account directly with a bank Cons Dash icon A dash.

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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

☆ Using cash like a millionaire may not make sense for most investors. Here's why
▼ + stars: | 2023-06-08 | by ( Greg Iacurci | ) www.cnbc.com time to read: +5 min

The poll considered cash and cash-like investments to include money market funds, checking and savings accounts, plus certificates of deposit. A recent Capgemini Research Institute survey also found affluent investors are holding a record share of cash. On one hand, having more money in cash today isn't necessarily a bad move due to higher interest rates, advisors said. Yet, the CNBC millionaire survey suggests wealthy millennials shifted into cash more readily than older investors. When to boost cash holdingsBut there are circumstances in which it may make sense to up one's cash-like holdings, she said.

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The interest rate on your savings account is influenced by what the Federal Reserve does. When the Federal Reserve raises rates, the interest rate on your savings account tends to go up, too. The interest rate on a high-yield savings account fluctuates and isn't fixed. This means if you open an high-yield savings account, its normal to see the interest rate go up or down over time. If the Federal Reserve lowers interest rates, savings interest rates will usually drop.

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☆ Argentine fintech Uala to offer high-yield accounts in Mexico
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, June 7 (Reuters) - Argentine fintech unicorn Uala said on Wednesday it launched a high-yield savings account in Mexico after getting approval from regulators to acquire Mexico's ABC Capital Bank and expand operations in the country. Launching the account at an event in Mexico, Uala said the high-yield account will have a fixed annual interest rate and would pay an annual percentage yield of 9%. Uala said a Mexican government survey showed that 54% of people in Mexico save informally, and four out of 10 people do not receive any yield on their savings. Uala received authorization in late May from Mexico's bank regulator CNBV to buy bank ABC Capital, which allowed the Argentine firm to move forward with its banking license in Mexico. The fintech also announced that remittances sent through Western Union (WU.N), Vigo and Orlandi Valuta can now be received through its app.

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☆ 6 in 10 Americans aren't saving for retirement—here's where to get started
▼ + stars: | 2023-06-06 | by ( Ryan Ermey | ) www.cnbc.com time to read: +6 min

If you're among the cohort lacking a retirement account, just about every financial planner would tell you to get started as soon as possible. There are plenty of different ways to invest out there, including workplace retirement accounts, individual retirement accounts, accounts designed for medical expenses and regular old brokerage accounts. Still, there are some general guidelines that financial pros typically prescribe when it comes to where you park your retirement savings. Priority 3: Get triple tax savings with an HSANot every retirement saver can invest using a health savings account. Like a traditional 401(k), money you contribute to an HSA counts against your taxable income.

Persons: Christopher Lyman, Kevin Brady, Roth, you've, Amy Miller Organizations: Financial Advisors, Wealthspire Advisors Locations: Newtown , Pennsylvania, New York City, West Hartford , Connecticut

Compare today's best high-yield savings accounts »Get the latest tips you need to manage your money — delivered to you biweekly. Read More: Earn 4.75% APY with Bask BankFeatured Offer Bask Bank Interest Savings Account Annual Percentage Yield (APY) 4.75% Minimum Deposit Amount $0 Fees no monthly service fee Start savingFeatured Offer Bask Bank Interest Savings Account Annual Percentage Yield (APY) 4.75% Minimum Deposit Amount $0 Fees no monthly service fee View Full Details Start saving Bask Bank, Member FDIC. Bask Bank Interest Savings Account Start saving Bask Bank, Member FDIC. When HYSA rates go downOver the last few years, the interest rate on my high-yield savings account has fluctuated quite a bit. Depending on the interest rates available, I might have more cash in CDs than in my high-yield savings account.

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☆ Why it's not that great that everyone is flocking to their online bank
▼ + stars: | 2023-06-03 | by ( Josée Rose | ) www.businessinsider.com time to read: +3 min

Smaller and regional banks are important for the US financial system. "Regional banks have a combination of regional knowledge and expertise that makes lending more efficient," C. Michael Zabel, a former executive at M&T, the Buffalo-based regional bank, told Dealbook in April. Broadly, regional banks are staring down two main headwinds. In the first quarter, Ally Financial and Goldman Sach's Marcus online bank saw them rise, while regional-bank powerhouses like US Bank, Truist Financial, and Citizens Financial saw deposits fall, according to The Wall Street Journal. The pressure on regional banks hasn't abated yet.

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This is a good chance to talk to your kids about money and the actual cost of what they want. It's a good idea to make saving for your kids' summer a part of your year-round saving plan. Bosse, who also writes books about money for kids, sees a lot of parents stressed about the summer. See Insider's picks for the best high-yield savings accounts »How do you start the summer money conversation with kids? Involve kids in your financial decisionsOnce you and your kids decide what's important for the summer, Delisle and Bosse recommend being open and transparent about how much value-driven activities cost with your kids.

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☆ What is a 529 plan? How you can score a tax break while saving for future college expenses
▼ + stars: | 2023-05-29 | by ( Kamaron Mcnair | In Kamaronmcnair | ) www.cnbc.com time to read: +7 min

And what better time to think about a college savings account than 529 College Savings Day? Unlike college costs, however, your 529 plan funds can only go toward tuition for primary and high school. On top of tax-free growth, some states allow taxpayers to deduct or get a credit for 529 plan contributions on their taxes. Drawbacks of 529 savings plansOne of the main drawbacks of saving in a 529 plan is that you owe a penalty if you use the funds for an ineligible expense. The Free Application for Federal Student Aid (FAFSA) does take 529 plan savings into account when determining your expected family contribution (EFC), but not at face value.

☆ How to capture higher savings yields with a CD ladder
▼ + stars: | 2023-05-22 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

If you're boosting your emergency fund or saving for a short-term goal, a certificate of deposit ladder, or CD ladder, may help you capture higher yields amid interest rate uncertainty. After a series of interest rate hikes from the Federal Reserve, options for cash, such as high-yield savings, Treasury bills and money market funds have become more competitive. However, experts say a CD ladder may be worth considering as the Fed weighs an interest rate pause or more rate hikes. Typically, a CD ladder involves splitting equal amounts of cash among multiple CDs with different maturity dates. "A CD ladder gives someone an opportunity to harvest a variety of yields over varying timelines," said Bankrate senior economic analyst Mark Hamrick.

☆ 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.

Since the value of a home isn't guaranteed to go up, it's important to build wealth in other ways. Buying a home comes with long-term costs, but it's also a chance to plan for long-term goals. Compare rates On Rocket Mortgage's website Compare rates On AmeriSave Mortgage Corporation's website Compare rates On New American Funding's website1. Property isn't guaranteed to go up in valueIn the past, buying property was viewed as a way to build wealth and a cornerstone of the American dream. This taught me that a condo isn't a guaranteed appreciating asset.

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