DIRS.INFO The most relevant business & tech news

☆ 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

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: —

☆ Living in New York City in my 20s wasn't worth it. I was finally able to save up 6 figures after leaving the city.
▼ + stars: | 2024-01-25 | by ( Lola Méndez | ) www.businessinsider.com time to read: +6 min

Writer Lola Méndez moved to New York City in 2009 to finish her college degree. AdvertisementWhen I moved to New York City from Los Angeles in 2009 to finish my college degree, I was stunned at how much more expensive rent is in New York City and how little you get for the hefty price. I paid rent from scholarship funds, grants, and student loans. I was living in studios in New York, but it wasn't sustainableI paid $1,300 for a tiny studio on 64th and West End in 2009. AdvertisementI thought I had to live in New York to be successful, but it wasn't worth the lack of saving in my 20s.

Persons: Lola Méndez, Méndez, —, Louis Vuitton, I've, New York I'm, haven't, Chaing, I'm Organizations: Service, West Hollywood, NYPD Locations: New York City, Los Angeles, West, New York, Lower, Stanton, Ludlow, Manhattan, Uruguay, California, Madrid, Chaing Mai, Thailand, Vietnam, Montevideo, Puerto Vallarta, Mexico

☆ How much money Americans have in their savings accounts—nearly half have less than $500
▼ + stars: | 2024-01-24 | by ( Mike Winters | ) www.cnbc.com time to read: +3 min

Nearly half of Americans have $500 or less in their savings accounts, an amount that leaves them vulnerable to unexpected expenses, according to a GOBankingRates survey of 1,063 U.S. adults conducted in November 2023. About 29% of respondents have between $501 and $5,000 in their savings accounts, while the remaining 21% of Americans have $5,001 or more. This leaves them vulnerable to unexpected expenses, underscoring the importance of having an emergency fund, if they're able to build one. Why an emergency fund is importantFinancial planners commonly recommend keeping a reserve of cash, known as an emergency fund, on hand to cover unexpected expenses. To get started, you'll need to find room in your budget for monthly emergency savings contributions, which can be easier said than done.

Persons: Alex Lozano, Christopher Lazzaro, Lazzaro, Lozano, It's Organizations: Lozano Group Wealth Management

☆ CD and Savings Rates Today: Best Rates Available Now
▼ + stars: | 2024-01-24 | 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 $250 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: —

☆ CD and Savings Rates Today: Supercharge Your Savings
▼ + stars: | 2024-01-23 | 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 $250 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: —

☆ CD and Savings Rates Today: Maximize Your Savings
▼ + stars: | 2024-01-20 | 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: —

This is a type of savings account that offers a significantly higher interest rate than a traditional savings account. For customer support, Credit Karma offers both a phone line and a live chat for Credit Karma Money account holders. Credit Karma Savings Account FAQsIs Credit Karma savings a good idea? Yes, Credit Karma offers the Credit Karma Money Save Account, which is a high-yield savings account paying 4.10% APY. You can take money our of your Credit Karma savings account by transferring money to a linked external account or to your Credit Karma Money Spend Account.

Persons: It's, Karma, Ally, Synchrony, Kit Pulliam, Kit, Read Organizations: MVB Bank, CIT Bank, Savings, CIT, Better, Google, Apple, Credit Karma, Intuit, Karma, Better Business, Federal Trade Commission, FTC, Chevron, Karma Savings, Bank, Synchrony, Finance, Business, Vanderbilt University, Analysts

However, as a financial planner, I always recommend being deliberate when it comes to your annual bonus. AdvertisementHere are four things you should avoid buying with your hard-earned bonus money — and some advice on what you should do with it instead. These costs can add up and crunch your budget long after the bonus money is spent. But technology changes and upgrades so rapidly that pouring bonus money into flashy new gadgets often means buyer's remorse sets in fast. But make sure you're using it wisely so that short-term excitement doesn't result in long-term financial regret.

Persons: it's Organizations: Business

☆ This underused savings tool could earn you guaranteed 5.5% interest—but you'll want to act quickly
▼ + stars: | 2024-01-16 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

With CDs, you deposit a specific amount of money for a fixed period of time — months or years — at a guaranteed rate of interest. While you can't prematurely withdraw those funds without paying a penalty, the trade-off is that CDs tend to offer higher interest rates than most savings accounts. That's much higher than the average annual percentage yield you'll find for traditional savings accounts, which was 0.57% as of Jan. 16, 2024, per Bankrate. While high-yield savings might offer APRs more comparable to CDs, you can often find CDs with slightly higher rates. Some CDs also offer higher yields than one-year Treasury bonds, which are comparably safe investments.

Persons: Gen Zers, Jay Zigmont Organizations: Federal Reserve, Federal Deposit Insurance Corporation, Childfree

AdvertisementA long-term care policy isn't the same thing as your health insurance policyWallace first explained that a long-term care policy is a financial tool that covers the risk of care related to loss of activities of daily living, like bathing, eating, using the bathroom, and more. Since I only have a health insurance policy, I asked if that would cover any of that type of care, so I didn't have to take out a long-term care policy. "But a long-term care policy pays for people to take care of you, whether in your home or in a facility." "You can take out a long-term care policy now at a lower premium because you're 35. If I'm eager to go ahead and get a long-term care policy now, he did say that there is an option to do a 10-year limited pay policy.

Persons: Keith Wallace, Wallace, I've, it's Organizations: Business

☆ How to Open a Savings Account
▼ + stars: | 2024-01-14 | by ( Kerri Anne Renzulli | ) www.wsj.com time to read: +9 min

If you’re ready to get the most out of your spare dollars, take these steps to open a new savings account. Compare savings account optionsIf you plan to open a savings account online, there are hundreds to choose from. Banks may also require you to deposit a certain amount to open or maintain a savings account with them. If you want to open a savings account that will be shared with another person, like a spouse or partner, you should opt for a joint account rather than a single account. Fund the accountIf your chosen bank or credit union requires a minimum deposit to open a new savings account, you’ll need to fund it with a check, cash, credit or debit card payment, or transfer from another checking or savings account.

Persons: Kerri Anne Renzulli, Banks, You’ll Organizations: Insurance, U.S, government’s Federal Deposit Insurance Corp, National Credit Union Administration, Federal Reserve, Consumer Financial, Consumer Financial Protection Bureau, Social, ABA Locations: government’s, U.S

☆ CD and Savings Rates Today: Explore Today's Best Rates
▼ + stars: | 2024-01-14 | 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: Earn More on Your Cash
▼ + stars: | 2024-01-12 | by ( Business Insider | ) www.businessinsider.com time to read: +6 min

With rates rapidly changing, how can you feel confident that you're getting the best savings account or best CD? Leading High-Yield Savings Account RatesLeading CD RatesAbout High-Yield AccountsHigh-yield savings accounts aren't the only accounts paying favorable rates right now. 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: Cash, Products, Secure Savings, CIT Bank, Savings, Popular, BMO, CIBC, Mission Valley Bank Locations: —

☆ Mortgages, auto loans, credit cards: Expert predictions for interest rates in 2024
▼ + stars: | 2024-01-03 | by ( Jessica Dickler | ) www.cnbc.com time to read: +4 min

"We are in a high interest rate environment, and we're going to be in a high interest rate environment a year from now," he said. Prediction: Mortgage rates decline to 5.75%Thanks to higher mortgage rates, 2023 was the least affordable homebuying year in at least 11 years, according to a report from real estate company Redfin. McBride also expects mortgage rates to continue to ease in 2024 but not return to their pandemic-era lows. Prediction: Auto loan rates edge down to 7%When it comes to their cars, more consumers are facing monthly payments that they can barely afford, thanks to higher vehicle prices and elevated interest rates on new loans. "It will still be a banner year for savers when those returns are measured against a lower inflation rate," McBride said.

Persons: Tim Quinlan, Greg McBride, McBride, Bankrate Organizations: Finance, Fed, CNBC PRO, CNBC, YouTube Locations: Wells Fargo

My father-in-law retired comfortably at 63 by following a few simple money rules. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. For me and my family, getting on a budget has been key to paying off debt, saving, and investing more for our future. Since I paid myself first, I already made progress on all my saving and investing goals. Paying yourself first is a great habit that can teach you to mentally prioritize saving, investing, and your personal financial goals.

Persons: —, we've, I've, what's Organizations: Service, Robinhood

Still, there are factors to consider before signing up for one, even for a high CD rate. I compared it to my high-yield savings account interestWe already have several high-yield savings accounts for different purposes. One of these accounts holds the interest that we are currently accruing from an already opened CD. The new CD offered a higher rate (1.09% higher, to be exact), so opening a second CD with this higher rate could be beneficial, depending on the other factors. AdvertisementTo fund a new CD, we'd need to take some cash from our emergency savings to open it.

Persons: Cheryl, we've Organizations: Service, Business

☆ A financial freedom expert explains why you should have an 'FU fund' in addition to an emergency fund — and how it helped her quit her job before 40
▼ + stars: | 2023-12-21 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

When Jamila Souffrant found out she was pregnant with her third kid, she was working a full-time corporate job while building her financial freedom blog and brand. To set herself up to walk away from corporate America, Souffrant started ramping up her "FU fund," which she describes as "an emergency savings fund on crack." Souffrant set out to save enough where they could cover one year's worth of expenses between Woody's salary and her FU fund. AdvertisementFor about a year, Souffrant decreased her contributions to her retirement savings and investment account to beef up her FU fund, which she kept in a high-yield savings account. Souffrant encourages anyone who is pursuing financial independence to build an FU fund.

Persons: Jamila Souffrant, Souffrant, ramping, Woody, wouldn't, she's Organizations: Service, Business Locations: America

I didn't learn about investing growing up so I was thrilled to read "The Simple Path to Wealth." Thanks to the book, I'm now on the path towards FIRE — financial independence/retire early. I'm thankful that, in 2017, I was able to read a book called "The Simple Path to Wealth." Here's what "The Simple Path to Wealth" taught me about managing money and building wealth. For me, "The Simple Path to Wealth" has demystified the purpose and process of building wealth in America.

Persons: Collins, I'm, —, JL Collins, I've Organizations: Service, Pew Research, FIRE, Vanguard, Market Index Locations: America

☆ Best Banks and Credit Unions for 2024
▼ + stars: | 2023-12-18 | by ( Martha C. White | ) www.wsj.com time to read: +13 min

While its checking interest rate is set much lower, you do earn interest on every dollar of your balance—its flagship checking account was also Buy Side’s top pick in the Best Checking Account category. CaveatsCapital One’s savings account APY beats most national banks and is competitive among online banks. The Ally Online Savings and Ally Spending accounts (the latter is the bank’s flagship checking account) were our top picks for digital banks in Buy Side’s Best Checking and Best Savings rankings. In Buy Side’s roundups, Alliant took the top spot among credit unions in our Best Checking and Best Savings rankings. How we pickedTo pick Buy Side from WSJ’s Best Banks, we evaluated dozens of banks and credit unions, looking for institutions that offered the best combination of high interest, low fees and flexible account options for savings, checking and CDs.

Persons: Martha C, you’ll, —, Ally, Ivy, Ivy doesn’t, Ivy Bank’s, Alliant, Foster, — Alliant, Banks Organizations: Wall, Best, Capital, American Express, Ally, Savings, Synchrony, Alto, Ivy Bank, Cambridge Savings Bank, Ivy, Bank5 Connect, CIT Bank, First, Alliant, Bank, Foster Care, Credit Union, Lake, Best Bank, Best Credit Union, National Credit Union Administration Locations: U.S, American, Massachusetts, California, Golden State, Lake Michigan

☆ Investors seeking a high-quality bond fund can find one in this 'solid' offering, says Morningstar
▼ + stars: | 2023-12-15 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

By contrast, the other intermediate-term fund on the Morningstar FundInvestor 500 list, PIMCO Investment Grade Credit Bond fund, has more than 10% in high yield, according to Morningstar. "That's why having that exposure to investment grade corporate bonds … at this point in the cycle is a tremendous value," he added. Meanwhile, the assets in the fund that are high yield are what Narayanan calls high quality, "mispriced securities." Those are the types of names that have recently been upgraded back into the investment grade space," he said. "We tend to use that capacity in high yield to add to those types of issuers before the upgrade, anticipating the upgrade."

Persons: Morningstar, Paul Olmsted, Olmsted, Arvind Narayanan, Narayanan, VFIDX Organizations: Vanguard's, Fund, SEC, Morningstar, Oppenheimer, Vanguard, Credit Bond, CNBC Fed Survey, Fitch, Occidental Petroleum, Federal Reserve Locations: Detroit, Morningstar, Treasurys, Occidental

☆ Nearly $6 trillion is sitting in money market funds. Here's where that cash can go next
▼ + stars: | 2023-12-14 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Money market funds were a hot item this year, but it may be time to think about shifting some of that cash into other investments. Investors flooded into the funds, bringing the total assets to $5.89 trillion for the week ending Dec. 13, according to the Investment Company Institute. The Crane 100 Money Fund Index currently has an annualized 7-day yield of 5.19%. Yet, if rates go down next year, as expected, the yields in short-term instruments such as money market funds and high-yield savings accounts will follow suit. The firm also likes stocks with high dividend growth and free cash flow , such as Kroger , CVS Health and Qualcomm .

Persons: Josh Brown, VIG, Wolfe, Barry Glassman, Glassman Organizations: Investment Company Institute, ICI, Federal Reserve, Ritholtz Wealth, Wolfe Research, Cola, Exxon Mobil, Kroger, CVS Health, Qualcomm, Investors, Wealth Services, Dodge, Cox Income Fund, Fed, CNBC

☆ CD and Savings Rates Today: Uncover Top Rates
▼ + stars: | 2023-12-05 | by ( Business Insider | ) www.businessinsider.com time to read: +8 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 $250 bonus with qualifying direct deposits for eligible customers through 12/31/2023. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. Certificates of DepositThe best CD rates may outpace any of the other accounts we've described above. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates.

Persons: Banks, —, Cash, we've Organizations: BMO Alto, Customers Bank, CIT Bank, Savings, Bank, Cash, Products, Secure Savings, Mission Valley Bank, Newtek, United States, Federal Credit Union, Technology Credit Locations: —

☆ Bond yields will come down from their fever pitch in 2024. How to prepare your portfolio
▼ + stars: | 2023-12-05 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Expect to work a little harder for those fixed income returns in the new year. As a result, it may be time to start unwinding those big cash positions and adopt a longer-term mentality for fixed income investments. A runup in bond yields is accompanied by a decline in prices, and the two move inversely to one another. The sector "remains well positioned to maintain its high credit quality, driven by solid state credit quality and strong state financial support, despite soft enrollment trends," analyst Kathleen McNamara wrote last week. Consider dollar cost averaging into those longer-dated positions, incrementally building up exposure to intermediate duration bonds.

Persons: Jerome Powell, it's, Kathy Jones, Shannon Saccocia, Jones, Nicholos Venditti, Kathleen McNamara, Schwab's Jones, Barry McAlinden, Michael Bloom Organizations: Schwab Center, Financial Research, Bond, SEC, Muni Bond ETF, Allspring Global Investments, UBS

Will savings rates drop after the next Fed meeting? It's unlikely national savings rates will drop after the next Fed meeting. What happens to savings rates when the Fed raises interest rates? In early 2024, savings rates are generally expected to be similar to current savings rates. Once the Fed plans to start cutting rates, however, savings rates will likely begin to go down in 2024.

Persons: Jerome Powell, Powell, David Smith, It's, it's Organizations: Federal Reserve, Federal, Committee, Pepperdine Graziadio Business, Spelman College

☆ CD and Savings Rates Today: Elevate Your Savings
▼ + stars: | 2023-12-04 | by ( Business Insider | ) www.businessinsider.com time to read: +8 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 $250 bonus with qualifying direct deposits for eligible customers through 12/31/2023. High-Yield Savings AccountsThe best high-yield savings accounts provide the security of a savings account with the added bonus of a high APY. Certificates of DepositThe best CD rates may outpace any of the other accounts we've described above. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates.

Persons: Banks, —, Cash, we've Organizations: Limelight, Customers Bank, CIT Bank, Savings, Bank, Cash, Products, Secure Savings, Mission Valley Bank, Newtek, United States, Federal Credit Union, Technology Credit Locations: —

Search resuls for: "Yield Savings"

25 mentions found