DIRS.INFO The most relevant business & tech news

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.

Homeowners typically make their normal monthly mortgage payments and expect to pay off their homes over 30 years. One of the best mortgage lenders for refinancing is Rocket Mortgage due to its flexible loan repayment terms, fast approval process and lower credit score requirements. There are three primary methods for making extra payments – pay extra each month, make a lump sum payment or switch to bi-weekly payments. The first two methods require you to pay extra manually, but this one locks you into a quicker mortgage payoff. These strategies help borrowers pay off their homes faster and reduce the interest they'll pay.

Pros Check mark icon A check mark. Pros Check mark icon A check mark. No minimum opening deposit Check mark icon A check mark. Eligible for new accounts after your child turns 13 Check mark icon A check mark. But if you'd like to open a savings account for your child, it only lets you open one of the bank's regular savings accounts as a joint bank account.

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.) Find the best savings account for you: Help your money grow by finding the savings account that offers the best rates and features for you. 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.

☆ Don't forget to take advantage of these 4 'free money' benefits, says financial expert
▼ + stars: | 2023-02-27 | by ( Elizabeth Gravier | Jason Stauffer | ) www.cnbc.com time to read: +10 min

Maximize your credit card rewards Credit card rewards programs let you earn cash-back (or other perks) on money you were going to spend anyway. For example, with a cash rewards credit card like the Wells Fargo Active Cash® Card, you can earn 2% cash rewards on all eligible purchases with no annual fee. Transfer your cash to a high-yield savings account In this rising-rate environment, now is the time to open a high-yield savings account and earn more interest than you would in a traditional savings account. You're essentially collecting "free" money by parking your cash in a savings account — especially one with an above-average APY. Bask Bank Interest Savings Account Learn More Bask Bank and BankDirect are divisions of Texas Capital Bank, Member FDIC.

Below, you'll find our top picks for the best banks for avoiding ATM fees. The best banks for avoiding bank ATM fees have free regional or national ATM networks, so you won't be charged for using an ATM. The Best Banks for Avoiding ATM FeesLendingClub Bank: Best online bank for avoiding domestic ATM feesConnexus Credit Union: Best credit union for avoiding domestic ATM feesChase: Best national bank for avoiding domestic ATM feesCharles Schwab: Best institution for avoiding international ATM feesTD Bank: Best regional bank for avoiding domestic ATM feesBetterment: Best online banking platform for avoiding domestic ATM feesWe've included brick-and-mortar banks, online banks, credit unions, and online banking platforms, so you can choose from a variety of options. Unlimited refunds on out-of-network ATM fees Check mark icon A check mark. You could also refer to the schedules of fees document to review ATM fees and ATM withdrawal limits."

First-generation Black wealth builders might not have been exposed to the value of financial advice. This may result in first-generation Black wealth builders making financial mistakes and not being as proactive with their finances. Many first-generation Black wealth builders tend to sit on a lot of cash and have a fear of the stock market because of their upbringing. Pressure to support others before securing your own financial futureOften, first-generation Black wealth builders find themselves trying to balance financially supporting others while building wealth and progressing in their careers. As a first-generation Black wealth builder, family members may expect you to support them financially.

Best interest rates for savings accountsUFB Preferred Savings 4 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4 out of 5 Stars Annual Percentage Yield (APY) 4.55% (as of 02/22/2023) Minimum Deposit Amount $0 View Full Details Learn moreUFB Preferred Savings 4 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4 out of 5 Stars Annual Percentage Yield (APY) 4.55% (as of 02/22/2023) Minimum Deposit Amount $0 View Full Details Learn more on UFB's site. Best interest rates for CDsCFG Bank CD 4 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4 out of 5 Stars Annual Percentage Yield (APY) 4.50% to 5.15% Minimum Deposit Amount $500 View Full Details Learn moreCFG Bank CD 4 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4 out of 5 Stars Annual Percentage Yield (APY) 4.50% to 5.15% Minimum Deposit Amount $500 View Full Details Learn more On CFG's website. Alliant Certificate 4 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4 out of 5 Stars Annual Percentage Yield (APY) 4.25% to 5.00% Minimum Deposit Amount $1,000 View Full Details Learn moreAlliant Certificate 4 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4 out of 5 Stars Annual Percentage Yield (APY) 4.25% to 5.00% Minimum Deposit Amount $1,000 View Full Details Learn more Alliant Credit Union, NCUA insured. Primis Premium Checking 4.5 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.5 out of 5 Stars Annual Percentage Yield (APY) 4.35% Minimum Deposit Amount $1 Fees no monthly service fees View Full Details Learn morePrimis Premium Checking 4.5 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.5 out of 5 Stars Annual Percentage Yield (APY) 4.35% Minimum Deposit Amount $1 Fees no monthly service fees View Full Details Learn more Primis Bank, FDIC Insured. Capital One 360 Performance Savings 4.5 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.5 out of 5 Stars Annual Percentage Yield (APY) 3.40% (as of 02/02/23) Minimum Deposit Amount $0 View Full Details Learn moreCapital One 360 Performance Savings 4.5 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 4.5 out of 5 Stars Annual Percentage Yield (APY) 3.40% (as of 02/02/23) Minimum Deposit Amount $0 View Full Details Learn more On Capital One's site.

Organizations: & $

Organizations: & $

Organizations: & $

☆ Finally! Savings Rates Could Soon Beat Inflation
▼ + stars: | 2023-02-23 | by ( ) www.wsj.com time to read: +6 min

Why savings rates could rise in 2023Fortunately, many experts predict the situation will reverse, with inflation on a downward trend even as the Fed continues nudging up interest rates. Since the most generous banks have increased their rates in tandem with the Fed, they would likely increase savings rates as well. Bottenfield doesn’t see savings account interest rates surpassing the rate of inflation before 2024. “The difference between an online savings account and the average brick and mortar account is huge right now,” says Tumin. If you think interest rates will fall, you can lock in mid-4% rates long-term with a five-year CD.

☆ Some Treasury bills are now paying 5%. Here's what investors need to know
▼ + stars: | 2023-02-23 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

T-bill yields have been low since the Great Recession, with the exception of 2018. Currently, shorter-term Treasury yields are higher than longer-term yields, which is known as an inverted yield curve. How interest rates affect bond valuesAnother factor to consider is the current economic environment, including future moves at the Fed. Although it's expressed in years, it's different from the bond's maturity since it factors in the coupon, time to maturity and yield paid through the term. "It's always the Fed; the Fed controls short-term interest rates," said David Enna, founder of Tipswatch.com, a website that tracks Treasury inflation-protected securities and other assets.

Pros Check mark icon A check mark. Check writing included Check mark icon A check mark. Pros Check mark icon A check mark. Pros Check mark icon A check mark. High APY Check mark icon A check mark.

Organizations: & $

Pros Check mark icon A check mark. Pros Check mark icon A check mark. High interest rate Check mark icon A check mark. Pros Check mark icon A check mark. High APY Check mark icon A check mark.

Organizations: & $

☆ These savings accounts earn a 1,600% higher interest rate than traditional ones, but most Americans don't use them
▼ + stars: | 2023-02-22 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

High-yield savings accounts have become an even better place to park cash you might need in the near future, while still growing your money. For a $10,000 investment, that works out to about $400 in annual interest, compared with just $55 a year ago. Traditional savings accounts currently have an average APY of 0.23% — about 1,600% less than the rates offered by high-yield accounts. Despite the higher interest rates, only about 20% of Americans have a high-yield savings account, according to a 2020 YouGov survey commissioned by Red Ventures. For more on how to sign up for a high-yield savings account, CNBC Select has you covered.

Banks offer a grace period once a CD term ends, when you can decide to renew the term or withdraw money. Before automatically renewing a CD, always review the current CD rates available at your bank. What happens when your CD reaches maturityOnce your CD has reached maturity, you'll have the flexibility to make changes to your account. Alternatives to CDsIf you've decided you'll need access to your money relatively soon, a high-yield savings account or money market account are alternative savings account options. If you receive a CD maturity notice and decide not to act, usually your CD will automatically renew for another term.

Pros Check mark icon A check mark. High APY Check mark icon A check mark. No monthly service fee Check mark icon A check mark. Virtual debit card, physical debit card, and access to Apple Pay, Google Pay, Samsung Pay Check mark icon A check mark. Pros Check mark icon A check mark.

Organizations: & $

Organizations: & $

☆ I've spent hours talking to college students about money — and there's one personal finance concept that's highly misunderstood and should be part of every curriculum
▼ + stars: | 2023-02-20 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

The past four years, I've had the opportunity to talk to college students about personal finance. In the US, there's a lack of financial literacy, with just 8 states guaranteeing personal finance courses for high schoolers. It's an 80-minute personal finance presentation that starts with the very basics: saving and budgeting. It could be because of a lack of personal finance education. Many digital advisors don't require an account minimum, meaning anyone can start investing with just $1.

Organizations: & $

Organizations: & $

☆ I'm an experienced female solo traveler—here are 4 tips I use to be smart about my money on the go
▼ + stars: | 2023-02-18 | by ( Kamaron Mcnair | ) www.cnbc.com time to read: +6 min

Solo travel is one of my favorite perks of being single. Plus, like the everyday costs that rack up quickly for singles, solo travel can often be more expensive than going with a companion. I'm not alone: Search interest in female solo travel specifically recently hit a 10-year high, according to Google Trends. These are my top four tips for smarter saving and spending on your next solo trip. The destination itself might even be a chance for you to save money.

☆ CNBC's best big bank savings accounts of 2022
▼ + stars: | 2023-02-17 | by ( Elizabeth Gravier | ) www.cnbc.com time to read: +22 min

To determine which big bank savings accounts are the best overall, CNBC Select analyzed and compared dozens of savings accounts offered by the largest banks and credit unions. Best big bank savings accounts of 2022Best at Bank of AmericaBank of America Advantage Savings Learn More Bank of America, N.A. If you want a simple, no-frills and low cost savings account at a big bank, U.S. Bank's Standard Savings Account is for you. The three choices include Virtual Wallet, Virtual Wallet with Performance Spend and Virtual Wallet with Performance Select. Spend is your everyday checking account, Reserve your interest-bearing checking account / primary overdraft protection account and Growth is your long-term savings account / secondary overdraft protection account.

Pros Check mark icon A check mark. Check writing included Check mark icon A check mark. Virtual debit card, physical debit card, and access to Apple Pay, Google Pay, Samsung Pay Check mark icon A check mark. Check writing included Check mark icon A check mark. Pros Check mark icon A check mark.

Organizations: & $

Signing up for a new high-yield savings account online can take as little as five minutes. Compare high-yield savings account optionsShop around for the best high-yield savings account that fits your needs. Quick tip: You can read our article about what a savings account is to learn more about savings account features. On your online account, you'll be able to see account balances, make transfers from one account to another, and see your transaction history. There are three main things to consider when choosing a savings account: APY A high APY is especially important if you are looking for a high-yield savings account, rather than a regular savings account at an in-person bank.

Search resuls for: "Yield Savings"

25 mentions found