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☆ CD and Savings Rates Today: Check Out the Latest Offers
▼ + stars: | 2024-03-02 | by ( Business Insider | ) www.businessinsider.com time to read: +7 min

With rates rapidly changing, how can you feel confident that you're getting the best savings account or best CD? See more savings account bonuses »Leading Checking & Savings Combo Account BonusSofi Checking and SavingsEarn up to a $300 bonus with qualifying direct deposits for eligible customers. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates. Products in this post: BrioDirect High-Yield Savings Account, Customers Bank High Yield Savings Account, UFB Secure Savings, CIT Bank Platinum Savings, TotalDirectBank 6 Month CD, Popular Bank CD, Valley Direct 3 Year Variable CD, BMO Alto 5 Year High Yield CD, CIBC Agility Online Savings Account, SoFi Checking and Savings, Mission Valley Bank 3 Month No Penalty CD

Persons: Banks, —, Cash, we've Organizations: Bank, Cash, Products, Secure Savings, CIT Bank, Savings, Popular, BMO, CIBC, Mission Valley Bank Locations: —

☆ The US economy is so strong that there might not be any rate cuts in 2024
▼ + stars: | 2024-03-01 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

Now, some economists think the Fed won’t cut interest rates at all this year. “The Fed will not cut rates this year and rates are going to stay higher for longer,” he added. Richmond Federal Reserve President Tom Barkin echoed the idea that the central bank may not cut interest rates this year. In some ways, the expectations of interest rate cuts by the Fed undermined their efforts to actually cut the rates. Still, about half of investors are expecting an interest rate cut at the Fed’s June meeting, according to the CME FedWatch tool.

Persons: —, that’s, Jerome Powell, Torsten Slok, “, Tom Barkin, ” Barkin, “ I’m, ” Robert Frick, ”, Powell Organizations: New, New York CNN, Federal, Apollo Global Management, Richmond Federal, CNBC, Navy Federal Credit Union, CNN, Fed, National Federation of Independent, Investors, Financial Services, Senate Locations: New York, Richmond

☆ CD and Savings Rates Today: No Penalty CDs at 5.36%
▼ + stars: | 2024-02-26 | by ( Business Insider | ) www.businessinsider.com time to read: +7 min

Persons: Banks, —, Cash, we've Organizations: Bank, Cash, Products, Secure Savings, CIT Bank, Savings, Popular, BMO, CIBC, Mission Valley Bank Locations: —

☆ CD and Savings Rates Today: National Savings Rates at 5.36%
▼ + stars: | 2024-02-25 | by ( Business Insider | ) www.businessinsider.com time to read: +7 min

Persons: Banks, —, Cash, we've Organizations: Bank, Cash, Products, Secure Savings, CIT Bank, Savings, Popular, BMO, CIBC, Mission Valley Bank Locations: —

☆ I've lent people more than $63 million to buy homes and start businesses: 'If you see a problem, fix the problem'
▼ + stars: | 2024-02-24 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +11 min

Today, I'm the owner of a barber shop and the founder of the Washington Barber College. Courtesy of Story SyndicateI took $500 from the check and put it down on a rental space for a barber shop. I later purchased another barber shop, and with the profits from that business, bought an additional shop that was going out of business. AdvertisementThe People Trust Community Loan Fund. We would also pick up homeless individuals and bring them to the barber shop to provide haircuts.

Persons: Arlo Washington, —, Oscar, Barber, it's, Syndicate I'm, we've, We've, Mr, We're, Little, I've, It's Organizations: Service, Washington, Washington Barber College, Syndicate, People Trust Loan Fund, People Trust, Federal Credit Union, University of Arkansas, Little, Trust Community Loan Fund, Winthrop Rockefeller Foundation, The Treasury Department, Trust Loan, People Trust Loan, Depository Institution Locations: Little Rock , Arkansas, Local, Washington, Arkansas, Little, Central Arkansas, Little Rock, Rock, Wrightsville , Arkansas

☆ Looking for a Lower Credit Card Interest Rate? Good Luck.
▼ + stars: | 2024-02-23 | by ( Ann Carrns | ) www.nytimes.com time to read: 1 min

Credit card debt is rising, and shopping for a card with a lower interest rate can help you save money. But the challenge is finding one. Smaller banks and credit unions typically charge significantly lower interest rates on credit cards than the largest banks do — even among customers with top-notch credit, the Consumer Financial Protection Bureau reported last week. But online card comparison tools tend to emphasize cards from larger banks that pay fees to the sites when shoppers apply for cards, said Julie Margetta Morgan, the bureau’s associate director for research, monitoring and regulations. “It’s pretty hard to shop for a good deal on a credit card right now.”For cardholders with “good” credit — a credit score of 620 to 719 — the typical interest rate charged by big banks was about 28 percent, compared with about 18 percent at small banks, the report found.

Persons: Julie Margetta Morgan Organizations: Consumer Financial

☆ Opinion: I’m an astronaut. Here’s what I can tell you about what you’ll experience in the Mars simulator for a year
▼ + stars: | 2024-02-22 | by ( Opinion Leroy Chiao | ) edition.cnn.com time to read: +7 min

This upcoming Mars simulator mission won’t require that you be astronaut-ready. During my monthslong space mission, I was able to put everything on autopay on my credit cards or through my credit union. But once you set your expectations about the limited space you’ll have and the protracted period of time you’ll be gone, you’ll probably be fine. Finally, in your year on board the Mars simulator, you will very likely miss some of the things that I missed most. As soon as the spacecraft hatch was opened after landing from my ISS mission, I smelled grass.

Persons: Leroy Chiao, You’ll, NASA doesn’t, aren’t, you’ll Organizations: CNN, NASA, Leroy Chiao CNN, Space, ISS, Space Center Locations: Russia

☆ America is on the cusp of a new biggest credit card company. Here’s what it means for you
▼ + stars: | 2024-02-20 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +5 min

If approved by regulators and shareholders, Capital One’s (COF) acquisition will create the biggest US credit card company by loan volume. Discover cards are already accepted at 99% of all US merchants that allow customers to make credit card purchases, according to the company. Credit card networks are the liaison between card issuers and merchants, for whom they set fees. If Capital One flips all its credit cards to Discover, Mastercard would stand to lose a quarter of its US credit card volume. Compared to other major credit card issuers, Capital One has historically catered to customers with credit scores in the 600s range, which is considered subprime.

Persons: New York CNN —, Biden, Richard Fairbank, Fairbank, JPMorgan Chase, Andrew Harrer, Democratic Sen, Elizabeth Warren, Jaret, Cowen Organizations: New, New York CNN, Discover Financial Services, Capital, Discover, Mastercard, Visa, US, American Express, JPMorgan, Bank of America, Citigroup, Bloomberg, Getty, Consumer Financial, ”, Democratic Locations: New York, Mastercard’s, Visa’s

☆ CD and Savings Rates Today: Lock in High Rates
▼ + stars: | 2024-02-18 | by ( Business Insider | ) www.businessinsider.com time to read: +7 min

Persons: Banks, —, Cash, we've Organizations: Bank, Cash, Products, Secure Savings, CIT Bank, Savings, Popular, BMO, CIBC, Mission Valley Bank Locations: —

The housing market began 2024 in the doldrums as housing starts and permits for new construction both fell, the Census Bureau reported on Friday. Starts fell 14.8%, way more than the flat reading expected by economists. “High mortgage rates, with maybe a dash of cold weather, caused starts and permits to fall from December. The optimism is a turnaround from August 2023, when 80% of small businesses surveyed said their long-term financial confidence was being negatively affected by the economy. Some 50% of small business owners said they were planning to expand in 2024.

Persons: didn’t, ”, Robert Frick, Lisa Sturtevant, Ksenia Potapov, “, they’re, Bill Dunkelberg Organizations: Census, Navy Federal Credit Union, MLS, “, National Federation of Independent Business, American Express Locations: American

☆ CFPB Director on credit card report: Many consumers would be better off with newer entrants
▼ + stars: | 2024-02-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCFPB Director on credit card report: Many consumers would be better off with newer entrantsConsumer Financial Protection Bureau Director Rohit Chopra joins 'Squawk Box' to discuss the state of consumer borrowing, why large banks are charging higher credit card rates than smaller banks and credit unions, steps consumers can take to cut back on credit card fees, and more.

Persons: Rohit Chopra Organizations: Consumer Financial

☆ Credit card users can save over $400 a year by switching issuers, CFPB says
▼ + stars: | 2024-02-16 | by ( Greg Iacurci | ) www.cnbc.com time to read: +4 min

Olga Rolenko | Moment | Getty ImagesCard balances and total debt at are all-time highsThe agency's findings come as average credit card balances and total credit card debt hit all-time highs at the end of 2023. The average credit card interest rate for all accountholders was more than 21% in November, also a record, according to Federal Reserve data. The federal agency's analysis defines large lenders as the nation's 25 biggest, and small lenders as all others in its sample. Credit scores didn't impact findingsThe CFPB's new interest-rate findings are consistent regardless of a consumer's credit score, it said. Why interest rates may not matter for some usersThe CFPB report doesn't necessarily offer a complete picture of the credit card market, Rossman said.

Persons: Olga Rolenko, spokespeople, Lindsey Johnson, CFPB, Ted Rossman, Rossman, cardholders, Bankrate, Rohit Chopra Organizations: Federal Reserve, Consumer Bankers Association, American Bankers Association, —

1 reason to use a business bank account. However, it is essential that you do not overlook the value of opening a business bank account — usually both a business checking account and a high-yield business savings account. Here are four things I tell my business owner clients to consider when choosing a business bank account. Ease of paying contractorsSome business bank accounts, especially online accounts, offer free invoicing and bookkeeping software/features. If you use accounting software (such as QuickBooks) to manage your business finances, accessing a business bank account that offers integration features may be desirable.

Persons: — Organizations: Service

☆ 32-year-old former Google employee: I saved $400,000 living at home with my parents—why I don't regret it
▼ + stars: | 2024-02-13 | by ( Claudia Chee | ) www.cnbc.com time to read: +3 min

Even though I planned to get my own place at some point, I ended up living at home for 12 years. When I moved out this past December, I had $400,000 saved and invested from both my 9-to-5 income and earnings as an entrepreneur. In my early 20s, my meals were split 50/50 between my parent's cooking and the Google cafeterias. So in 2017, I left Google and the 9-to-5 grind, to focus on what I was really passionate about. In 2018, I started teaching yoga, and five years later, I pivoted to another passion of mine: music.

Persons: John Bogle's, Costco Claudia Organizations: Google, San Francisco Bay Area, Costco Locations: San Francisco Bay, U.S

☆ Gen Z prefers paychecks over promotions, survey says
▼ + stars: | 2024-02-06 | by ( Allie Kelly | ) www.businessinsider.com time to read: +4 min

Advertisement"Since 2021, Gen Z has been living with rates of inflation not seen in the US in decades," the Standard reported. AdvertisementAccess to loans, a strong 401(k) retirement account, and reliable insurance coverage are benefits that Gen Zers expect from employers. Over 90% of Gen Zers and millennials said they're considering leaving their jobs, per a 2023 LinkedIn survey. AdvertisementBy offering intentional tools toward sustained economic stability, The Standard said companies will have better luck recruiting and retaining Gen Z workers. Are you a Gen Z worker and willing to share details about your economic stability goals and how you plan to achieve them?

Persons: —, Zers, Gen Z, Gen Zers, X, millennials Organizations: Service, Business, Bureau of Labor Statistics, Standard Locations: homebuying

☆ Man pleads guilty in $1 billion scheme to dodge money laundering rules in New York
▼ + stars: | 2024-01-31 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +2 min

A man described as an "experienced anti-money laundering specialist" pleaded guilty on Wednesday to illegally funneling more than $1 billion in lucrative, high-risk transactions through small financial institutions, the U.S. Department of Justice said. The man, 56-year-old Gyanendra Asre of Greenwich, Connecticut, pleaded guilty in Brooklyn federal court to one count of failing to maintain an anti-money laundering program in violation of the Bank Secrecy Act. The U.S. Department of the Treasury's Financial Crimes Enforcement Network, meanwhile, on Wednesday assessed a $100,000 civil penalty on Asre and banned him from participating in any financial institution's affairs for five years. He had previously been employed as a senior vice president at a domestic bank, and was "experienced in international banking and trained in anti-money laundering compliance and procedures," the DOJ said. Asre "represented to the NYSEFCU that he and his businesses would conduct appropriate anti-money laundering oversight as required by the Bank Secrecy Act," according to the DOJ.

Persons: Asre, Attorney Breon Peace Organizations: U.S . Department of Justice, DOJ, U.S . Department, Network, U.S, Attorney, New York, Employees Federal Credit Union, Bank Locations: Greenwich , Connecticut, Brooklyn

The best high-yield checking accounts pay significantly more than the average checking account rate of 0.07% APY (Annual Percentage Yield). Farmers Savings Bank, a local brick-and-mortar bank in Iowa, is the current market leader for interest-earning checking accounts. Betterment Cash Reserve: Betterment is primarily an investment platform, but it also offers a Cash Reserve account for your savings. My Banking Direct Savings Account: My Banking Direct has a high-yield savings account that pays 5.35% APY on balances of $1 or more. Products in this post: Farmers Savings Bank Star Checking, Betterment Cash Reserve Account, BrioDirect High-Yield Savings Account, Customers Bank High Yield Savings Account, UFB Secure Savings, CIT Bank Platinum Savings, Wealthfront Cash Account, American Express® High Yield Savings Account, OnPath Rewards High-Yield Checking, Redneck Bank Rewards Checkin' Account, Primis Premium Checking, Milli Savings Account, Betterment Cash Reserve Account, BrioDirect High-Yield Savings Account, My Banking Direct High Yield Savings Account

Persons: you'll, Milli, BrioDirect Organizations: Farmers Savings Bank, Farmers Savings Bank Farmers Savings Bank, . Farmers Savings Bank, OnPath Credit Union, OnPath Foundation, Bank, Redneck Bank, Primis Bank, Milli, Cash, Banking, Products, Secure Savings, CIT Bank, Savings, Express Locations: Iowa, United States, Arlington, Colesburg

After I got hit with thousands of dollars in taxes, I realized I needed to have a proactive plan. I keep a portion of my side hustle earnings in a high-yield savings account. I knew I had to take a different approachWhen my tax bill came, it was thousands of dollars that I didn't have. I keep my tax savings in a high-yield savings accountMy goal is to put about 30% of each payment into this savings account. I may end up using a tax preparation companyLastly, I'm considering using a tax preparation company, which typically costs a few hundred dollars at least.

Persons: —, I've, I'm, Gregory Becker Organizations: YouTube, Service, IRS, Small Business

☆ CD and Savings Rates Today: Explore Today's Top Rates
▼ + stars: | 2024-01-30 | by ( Business Insider | ) www.businessinsider.com time to read: +7 min

Persons: Banks, —, Cash, we've Organizations: Bank, Cash, Products, Secure Savings, CIT Bank, Savings, Popular, BMO, CIBC, Mission Valley Bank Locations: —

The Apple Card Savings account already paid a higher APY than the average savings account. Apple has increased the interest rate on its Apple Card Savings account for the third time since December. The Apple Card Savings account is available for Apple Card users in the U.S. You can set it up and manage it through the Apple Card in the Wallet app on iPhones. How the Apple Card Savings account worksThe Apple Card Savings account doesn't require a minimum opening deposit. Products in this post: Apple Card, Apple Savings Account, Ally Savings Account, Discover® Online Savings Account, BrioDirect High-Yield Savings Account, Customers Bank High Yield Savings Account, UFB Secure Savings, CIT Bank Platinum Savings, Wealthfront Cash Account

Persons: Goldman Sachs, Cash, Jennifer Bailey, Daily Cash, Ally Organizations: Apple, Apple Card, Savings, Apple Card Savings, Daily, FDIC, Federal Deposit Insurance Corporation, CIT Bank, CIT, Products, Apple Savings, Secure Savings Locations: U.S

☆ CD and Savings Rates Today: Unlock Maximum Savings
▼ + stars: | 2024-01-28 | by ( Business Insider | ) www.businessinsider.com time to read: +7 min

Persons: Banks, —, Cash, we've Organizations: Bank, Cash, Products, Secure Savings, CIT Bank, Savings, Popular, BMO, CIBC, Mission Valley Bank Locations: —

☆ 28-year-old with a net worth over $500,000 shares 5 money habits she avoids: 'Everything can't be a little treat'
▼ + stars: | 2024-01-27 | by ( Mike Winters | ) www.cnbc.com time to read: +4 min

Using traditional savings accountsAllocca favors high-yield savings accounts over the traditional savings accounts typically offered by large banks, as they offer better annual interest rates. Currently, you can find high-yield savings accounts offering APRs of around 5%, while traditional accounts offer interest rates closer to 0.6%, per Bankrate's most recent data. Many online banks and credit unions offer high-yield savings accounts, so they're not hard tp come by. "All of my cash savings are in a high-yield savings account," says Allocca. "If you aren't using a high-yield savings account, make 2024 the year you open one.

Persons: Michela, She's, Allocca, They're, they've Organizations: CNBC

The overall personal consumption expenditures price index rose 2% for the month, as did the core index that omits food and energy costs. On an annual basis, the overall index remained unchanged at 2.6% while the core fell to 2.9% from 3.2% in November. The rise in the core index was the slowest since the spring of 2021. The core index is often cited by Fed officials as their barometer for inflation. “The meeting statement is likely to drop the hawkish bias from its forward guidance, but stop short of signaling rate cuts.

Persons: ”, Robert Frick, “, Lydia Boussour, Jerome Powell, Jeremy Schwartz, Ruchir Sharma Organizations: Federal, Economic, Fed, Navy Federal Credit Union, Federal Reserve, Reserve, Nomura Securities, Nomura, Aichi Amemiya

☆ CD and Savings Rates Today: What Are The Best Rates?
▼ + stars: | 2024-01-25 | by ( Business Insider | ) www.businessinsider.com time to read: +7 min

Persons: Banks, —, Cash, we've Organizations: Bank, Cash, Products, Secure Savings, CIT Bank, Savings, Popular, BMO, CIBC, Mission Valley Bank Locations: —

☆ Splitting the check is no longer restaurant etiquette — in 2024 it's every diner for themself
▼ + stars: | 2024-01-24 | by ( Kieran Press-Reynolds | Charissa Cheong | ) www.businessinsider.com time to read: +8 min

Recently, TikTok users have been gaining traction with the idea that people shouldn't feel guilty about paying for their own food and not splitting the check. Diners say splitting the bill can be unfairSome of the recent bill-splitting discourse posts are grouped under the hashtag "groupdinner," which has 9.6 million views. splitting the bill. AdvertisementIn sticking to etiquette norms when paying for one's own meal, it's crucial that guests repay their portion promptly. More than anything, communication between the hosts and guests is essential and can help thwart nightmare bill-splitting mishaps like the ones described in the viral TikTok videos.

Persons: —, @finegalnopimple, TikToker @remiandryan, Nick Leighton, fleeced, Leighton, OnePoll, It's, it'll, it's Organizations: Service, Business, Louisiana Federal Credit Union, New York Times, Forbes Locations: Dutch, Louisiana

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