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Car insurance costs are on the rise in 2023. Here are three ways to make sure you find the best car insurance deal for you. Bundle your renters or homeowners insurance with your car insuranceIf you already have homeowners or renters insurance, you might be able to save on your car insurance by getting your car insurance from the same company. According to InsuranceQuotes data, the average driver saves about 16% on their insurance premiums by bundling their homeowners insurance with their car insurance. If you don't have homeowners insurance yet and are looking for a provider, CNBC Select has picked the best homeowners insurance on the market.

☆ From 'relief' to 'not too devastated': Why some laid-off workers aren't rushing to find new jobs
▼ + stars: | 2023-02-16 | by ( Jennifer Liu | ) www.cnbc.com time to read: +6 min

That's how some recently laid-off workers view losing their jobs, despite the era of loud layoffs and ever-constant recession fears. She figured she'd be let go from her social media job at Attentive, an e-commerce startup, once her visa expired in April. Calista Tee, 28, plans to use her post-layoff time to build her social media marketing brand on TikTok and beyond. It's since taken off, and in 2022 she matched 80% of her full-time income. Without the security of full-time income, Tee plans to make small tweaks to her spending habits.

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☆ If a recession hits, don't cut back on these 4 things, says CFP
▼ + stars: | 2023-02-15 | by ( Elizabeth Gravier | ) www.cnbc.com time to read: +7 min

Instead of sacrificing your coverage entirely, you can ask your insurance providers for packaging discounts or better rates if a recession hits. High-interest debt payoffPaying off your high-interest debt (like the debt from credit cards) is always good advice, but that's especially true during a recession — even right before it. If you don't think you can completely pay off your credit card debt within the next few months, consider buying some time by transferring that debt to a balance transfer card with a zero-interest introductory period. Some accounts, like UFB Best Savings, are offering APYs north of 4%, which is quite high in recent years. UFB Best Savings Learn More UFB Best Savings is a Member FDIC.

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☆ 3 questions that will help you decide where to save in today's high-rate environment
▼ + stars: | 2023-02-14 | by ( Jason Stauffer | Elizabeth Gravier | ) www.cnbc.com time to read: +7 min

And with so much uncertainty in the stock market and rising interest rates, it can feel more complicated than normal. Right now, high-yield savings accounts (such as the LendingClub High-Yield Savings account) and CDs are more appealing than they were a few years ago when rates were low. However, interest rates tend to have a bigger influence on short or mid-term planning, not long-term decisions. Wealthfront Learn More Minimum deposit and balance Minimum deposit and balance requirements may vary depending on the investment vehicle selected. For example, if you save $1,000 in a high-yield savings account at 4% interest you'd earn about $41 in a year.

☆ Can you get an ATM card for a savings account?
▼ + stars: | 2023-02-14 | by ( Ana Staples | Elizabeth Gravier | ) www.cnbc.com time to read: +14 min

While savings accounts typically don't offer a debit card, some come with an ATM card, making it easier for you to access cash from your savings when you need it. The Citi® Savings Account stands out for providing an ATM card even if you don't have a checking account with Citi. Having quick access to your savings with an ATM card can be convenient, but it's best not to make withdrawing money from your savings account a habit. Savings are an essential part of your financial well-being, and a savings account is meant to keep these funds intact. That's why unlike a checking account designed for daily spending, a savings account has features in place to prevent frequent withdrawals.

Pros Check mark icon A check mark. Competitive interest rate 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.

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☆ Columbia Savings and Loan Association Review: Black-owned Bank With CDs and Conservative Investment Accounts
▼ + stars: | 2023-02-13 | by ( Laura Grace Tarpley | Sophia Acevedo | Personal Finance Reviews Editor | ) www.businessinsider.com time to read: +11 min

Columbia Savings and Loan Association bank accounts Columbia Savings and Loan Association Certificate of DepositColumbia Savings and Loan Association IRA Certificate of Deposit Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. How Columbia Savings and Loan Association WorksColumbia Savings and Loan Association is designated as a minority-led financial institution (MDI) by the FDIC. Columbia Savings and Loan Association vs. Liberty Bank and TrustLiberty Bank and Trust has more types of banking products than Columbia Savings and Loan, including traditional and Roth IRAs. Columbia Savings and Loan Association: Frequently Asked QuestionsWhere is Columbia Savings and Loan Association? Columbia Savings and Loan Association has CDs and IRA CDs.

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Winner: TD Bank The TD Bank Convenience Checking Account makes it easier to waive monthly service fees than Chase Total Checking®. Interest rates are variable and subject to change Minimum Deposit Amount $0 View Full Details Learn moreChase Savings℠ 3.25 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 3.25 out of 5 Stars Annual Percentage Yield (APY) 0.01% effective as of 10/10/2022. Winner: TD Bank TD Bank CDs require a much lower minimum opening deposit than Chase CDs. TD Bank vs. Chase Trustworthiness and BBB RatingsWe include ratings from the Better Business Bureau to evaluate how a bank deals with customer issues. The BBB also gave TD Bank an B rating because government action was taken against the TD Bank.

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Read our review Read Our Review A looong arrow, pointing rightCiti vs. Bank of America vs. Chase Ssavings Account ComparisonsSee how Citi, Bank of America, and Chase savings accounts compare. Citi® Accelerate Savings Bank of America Advantage Savings Account Chase Savings℠ APY 3.85% (vary by location) 0.01% to 0.04% 0.01% effective as of 10/10/2022. Winner: Bank of America and Citi Bank of America and Citi tie in this category because their savings accounts stand out for different reasons. Citi Fixed Rate CD 3.25 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 3.25 out of 5 Stars Annual Percentage Yield (APY) 0.05% to 4.15% Minimum Deposit Amount $500 View Full Details Learn moreCiti Fixed Rate CD 3.25 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star 3.25 out of 5 Stars Annual Percentage Yield (APY) 0.05% to 4.15% Minimum Deposit Amount $500 View Full Details Learn more at Citi's secure site. Which bank of the three, Citi, Bank of America, or Chase, is the safest?

☆ Second jobs, moving in with family, investing: What we can learn from how millennials save for a down payment
▼ + stars: | 2023-02-08 | by ( Elizabeth Gravier | Jason Stauffer | ) www.cnbc.com time to read: +9 min

Plus, we give advice on where to stash your down payment cash and options for making a small down payment. Investing your down payment savings and neglecting your bills can backfire Growing your down payment savings by investing may seem like a good idea since annual returns can be much higher than you would earn in a bank account. Bask Bank Interest Savings Account Learn More Bask Bank and BankDirect are divisions of Texas Capital Bank, Member FDIC. Keep in mind that the APY on a savings account is variable, meaning it can change at any moment. Take advantage while rates are high and open a high-yield savings account or CD.

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Having a savings account with a healthy amount of cash is an important part of one's financial health. When picking a savings account, it's crucial to explore your options to find what will work best for your situation. Currently, CNBC Select's Savings Marketplace lets you search for the following types of accounts:Online savings / High-yield savings: You can access and manage an online savings account without having to visit a physical location. You can access and manage an online savings account without having to visit a physical location. Whether you're opening your first savings account or looking to add another account to your existing savings strategy, the Savings Marketplace can help you easily compare your options and find the right account for your goals in just a few clicks.

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In comparison, the Vio Bank Online High-Yield Savings Account is a much more straightforward savings account. The Ally High Yield Savings Account currently pays a higher interest rate than the Vio Bank Online High-Yield Savings Account. Pros Check mark icon A check mark. High APY Check mark icon A check mark. Ally High Yield CD 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) 2.00% to 4.25% Minimum Deposit Amount $0 View Full Details Learn moreAlly High Yield CD 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) 2.00% to 4.25% Minimum Deposit Amount $0 View Full Details Learn more On Ally Bank's secure site.

☆ When it makes sense to buy extra paper Series I bonds with your tax refund, according to experts
▼ + stars: | 2023-02-06 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

Jetcityimage | Istock | Getty ImagesIf you're trying to max out the yearly purchase limit for Series I bonds, your tax refund offers an opportunity to buy even more. While the annual purchase limit is generally $10,000 per person for electronic I bonds, you can buy another $5,000 in paper I bonds with your tax refund. Buying paper I bonds with your tax refund may make sense if you're eager to purchase as much as possible, said Ken Tumin, senior industry analyst at LendingTree and founder of DepositAccounts.com, a website that tracks I bonds, among other assets. Downsides of paper I bondsKeil said it's also important to consider the downsides of purchasing paper I bonds tied to your tax return. What's more, paper I bonds must be converted to electronic form before redemption.

My interest rates will grow over time if I don't touch the money in my CDs. And as we're in an environment with rising interest rates, I've also decided to open several certificates of deposit. I was learning about different ways to make the most of my savings, and interest rates were hovering around 5%. I'm enjoying some flexibility by laddering my CDsAnother tactic that I employed nearly two decades ago that I'm bringing back is CD laddering. And as there's a chance that interest rates might increase again, I can potentially enjoy a higher interest rate on the same term down the line.

Pros Check mark icon A check mark. No monthly service fee Check mark icon A check mark. No foreign transaction fee Check mark icon A check mark. Pros Check mark icon A check mark. Read our review Read Our Review A looong arrow, pointing rightAlly High Yield CD 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) 2.00% to 4.25% Minimum Deposit Amount $0 View Full Details Learn moreAlly High Yield CD 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) 2.00% to 4.25% Minimum Deposit Amount $0 View Full Details Learn more On Ally Bank's secure site.

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