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☆ Best High-Yield Savings Accounts of September 2023
▼ + stars: | 2023-08-31 | by ( Martha C. White | ) www.wsj.com time to read: +18 min

With the Federal Reserve steadily raising interest rates to fight inflation, high-yield savings account payouts have steadily risen, too. After years of near-zero returns, the average savings account rate has risen to 0.43%, according to the Federal Deposit Insurance Corp. Unlike some high-yield online savings accounts, you earn a high APY—currently 5%—on every dollar in your account. You can conduct immediate electronic transfers between your brokerage account and savings account, and manage both savings and investment activities on a single platform. How we pickedTo pick Buy Side from WSJ’s Best Savings Accounts, we looked for accounts that offered the best APY on deposited funds without restrictions.

Persons: Martha C, it’s, JPMorgan Chase, Wells, Wells Fargo, Ally, Synchrony, Foster, Alliant, —, Ivy, Achilles, We’ve, Morgan Stanley, Marcus, Goldman Sachs, Charles Schwab, Charles Schwab Bank Charles Schwab Organizations: Federal Reserve, Federal Deposit Insurance Corp, Capital, National, One’s, JPMorgan, JPMorgan Chase JPMorgan Chase &, Chase Savings, Ally, Synchrony, CIT, First Citizens, Bank, Foster Care, Navy, Navy Federal, Bask Bank, Texas Capital Bank, Savings, LendingClub, Alliance Data Systems, Comenity Capital Bank, FDIC, Morgan Stanley Private, Morgan Stanley Private Bank, Bloomberg, Trade, Charles, Charles Schwab Bank, Best Bank, National Credit Union Administration, dateline Locations: Chase, Zelle, Ally’s, Chicago, U.S, Utah, .

☆ CD and Savings Account Rates Today | Earn Over 5% on Savings and CDs
▼ + stars: | 2023-08-30 | by ( Business Insider | ) www.businessinsider.com time to read: +24 min

Leading High-Yield Savings Account RatesRemember that high-yield savings account rates are variable, so they will change over time. Accounts pay high interest rates Check mark icon A check mark. Open accounts you might not be able access outside of Raisin Check mark icon A check mark. Pros Check mark icon A check mark. Products in this post: Technology Credit Union 5 Month No Penalty CD, TotalDirectBank 6 Month CD, TotalDirectBank 1 Year CD, Pelican State Credit Union 2 Year Share Certificate, US Senate Federal Credit Union 3 Year Smart Share Certificate, Department of Commerce Federal Credit Union 5 Year Share CDBetterment Cash Reserve Account, Western Alliance Bank High Yield Savings Account, UFB High Yield Savings, Milli Savings Account, Newtek Bank Personal High Yield Savings Account

Persons: Banks, you'd, —, Cash, we've Organizations: Alliance, Western Alliance, Mint, FDIC, Chevron, Reading Chevron, Bank, Savings, CIT Bank, Barclays, Barclays Bank, Member, Apple, American Express, Western Alliance Bank, FDIC CIT Bank, Start, Cash, Products, Technology Credit, Pelican State Credit Union, Federal Credit Union, of Commerce Federal Credit Union Locations: Axos, —

☆ Americans spend nearly $300 a year on checking fees—here's how to avoid them
▼ + stars: | 2023-08-30 | by ( Mike Winters | ) www.cnbc.com time to read: +1 min

Many Americans continue to pay checking account fees — even though they don't have to, a new report from from financial services company Bankrate confirms. Common checking account charges include fees for out-of-network ATM withdrawals, overdrafts and non-sufficient funds. All told, checking account holders spend an average of $24 per month on fees, according to a Bankrate poll published earlier this year. However, many of these fees are avoidable with a no-fee checking account, a number of which are available through online banks or credit unions. Some might even pay interest on your balance, too, although the rates are usually less competitive than what checking accounts with fees offer.

Organizations: Bankrate

☆ CD and Savings Account Rates Today | Earn Over 5%
▼ + stars: | 2023-08-29 | by ( Business Insider | ) www.businessinsider.com time to read: +24 min

With rates rapidly changing, how can you feel confident that you're getting the best CD or best savings account? Leading High-Yield Savings Account RatesRemember that high-yield savings account rates are variable, so they will change over time. Here are the accounts offering the best savings rates today:Featured High-Yield Savings Account RatesWestern Alliance Bank High Yield Savings Account Annual Percentage Yield (APY) 5.25% Minimum Deposit Amount $1 Fees no monthly service fee Start savingWestern Alliance Bank High Yield Savings Account Annual Percentage Yield (APY) 5.25% Minimum Deposit Amount $1 Fees no monthly service fee View Full Details Start saving Raisin, FDIC or NCUA Insured AccountsWestern Alliance Bank High Yield Savings Account Start saving Raisin, FDIC or NCUA Insured Accounts Insider’s Take Raisin is a great option if your ultimate goal is to earn the best savings account, money market account, and CD rates out there. Accounts pay high interest rates Check mark icon A check mark. Products in this post: Technology Credit Union 5 Month No Penalty CD, TotalDirectBank 6 Month CD, TotalDirectBank 1 Year CD, Pelican State Credit Union 2 Year Share Certificate, US Senate Federal Credit Union 3 Year Smart Share Certificate, Department of Commerce Federal Credit Union 5 Year Share CDBetterment Cash Reserve Account, Western Alliance Bank High Yield Savings Account, UFB High Yield Savings, Milli Savings Account, Newtek Bank Personal High Yield Savings Account

I get asked all the time about the possibility of a recession, and I'm telling everyone to prepare. To start, pay off high-interest debt, bulk up your rainy-day reserves, and don't sell your investments. As a financial planner, I often get asked when the next recession is coming. Pay off high-interest debt ASAPThe last thing you want to deal with during a recession is high-interest debt weighing you down. If you really want to take action before any future recession, I would recommend simply revisiting and rebalancing some of your investments.

Persons: We're, you've, there's Organizations: Service Locations: Wall, Silicon, I'm

☆ CD Rates Today: August 27, 2023 | Earn Over 5%
▼ + stars: | 2023-08-27 | by ( Business Insider | ) www.businessinsider.com time to read: +9 min

Leading CD RatesMany of the best CD rates right now are offered by credit unions rather than banks. Pros Check mark icon A check mark. Accounts pay high interest rates Check mark icon A check mark. Open accounts you might not be able access outside of Raisin Check mark icon A check mark. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates.

Persons: Banks Organizations: Western Alliance Bank, Mint, FDIC, Chevron, CIT Bank, FDIC CIT Bank, Barclays, Barclays Bank, Member, Start, Apple, Products, Technology Credit, Pelican State Credit Union, Federal Credit Union, of Commerce Federal Credit Union Locations: —

☆ Savings Account Rates Today: August 27, 2023 | Earn Over 5%
▼ + stars: | 2023-08-27 | by ( Business Insider | ) www.businessinsider.com time to read: +15 min

Leading High-Yield Savings Account RatesRemember that high-yield savings account rates are variable, so they will change over time. Pros Check mark icon A check mark. Accounts pay high interest rates Check mark icon A check mark. Open accounts you might not be able access outside of Raisin Check mark icon A check mark. Products in this post: Betterment Cash Reserve Account, Western Alliance Bank High Yield Savings Account, UFB High Yield Savings, Milli Savings Account, Newtek Bank Personal High Yield Savings Account

Persons: they've, you'd, —, Cash, we've Organizations: Alliance, Western Alliance, Mint, FDIC, Chevron, Reading Chevron, Bank, Savings, CIT Bank, Barclays, Barclays Bank, Member, Apple, American Express, Cash Locations: Axos

☆ Hot girl summer could lead the way into a recession-less fall
▼ + stars: | 2023-08-26 | by ( Sebastian Cahill | ) www.businessinsider.com time to read: +3 min

Local economies across the US are enjoying the boost brought by women's spending this summer. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. He also added that the pay gap between women and men is the narrowest it's ever been, especially among younger generations. Overall, Fortune estimated, the economy could benefit by about $3.1 trillion if women were afforded more opportunities and equity was increased. AdvertisementAdvertisementChevalier-Jordan said many women are in a good position to assume more power in spending as their rate of higher education completion rises.

Persons: Taylor Swift's, Forbes, —, Swift, Curt Long, National Business Capital Brian Chevalier, Jordan, Chevalier, we've, Beyoncé, Taylor Swift Organizations: Service, National Association of, CNBC, National Business Capital, — Fortune, Fortune Locations: Wall, Silicon, Cincinnati , Ohio, Sweden

☆ CD Rates Today: August 26, 2023 | Earn Over 5%
▼ + stars: | 2023-08-26 | by ( Business Insider | ) www.businessinsider.com time to read: +9 min

☆ I spent most of my life without a penny in savings, but learning how much I can earn with high-yield savings completely changed my approach
▼ + stars: | 2023-08-26 | by ( Chris Boutté | Avril Ayers | Freelancer | ) www.businessinsider.com time to read: +6 min

I've spent the majority of my life without a single penny in savings, but over the last few years, I've woken up and realized how ignorant I was to not take advantage of high-yield savings accounts. I didn't know much about saving moneyOnce I started educating myself about personal finance that I discovered high-yield savings accounts. Basically, high-yield savings accounts pay out a higher percentage than normal savings accounts by simply storing your money at a certain bank. I found a high-yield savings account that meets my needsThe first thing I did was start researching high-yield savings accounts to see who paid the most. All this required was a quick Google search for "best high-yield savings accounts."

Persons: I've, it's, Banks, They're, Chase, I'd, she's Organizations: Service, Bank of America Locations: Wall, Silicon, Wells Fargo

☆ Savings Account Rates Today: August 26, 2023 | Earn Over 5%
▼ + stars: | 2023-08-26 | by ( Business Insider | ) www.businessinsider.com time to read: +15 min

☆ Savings Rates August 25, 2023: Leading Savings Rates Today
▼ + stars: | 2023-08-25 | by ( Business Insider | ) www.businessinsider.com time to read: +15 min

☆ Leading CD Rates for August 25, 2023
▼ + stars: | 2023-08-25 | by ( Business Insider | ) www.businessinsider.com time to read: +9 min

Persons: Banks Organizations: Western Alliance Bank, Mint, FDIC, Chevron, CIT Bank, FDIC CIT Bank, Barclays, Barclays Bank, Member, Start, Apple, Products, Ponce Bank, Pelican State Credit Union, Federal Credit Union, of Commerce Federal Credit Union Locations: —

Read our review Read Our Review A looong arrow, pointing rightThe Best CD RatesTop CD Rates by TermMany of the best CD rates are offered by credit unions right now. Market LeaderAlpena Alcona Area Credit Union (7-month term) paying 7.19% APYTo open a CD at Alpena Alcona Area Credit Union, you must qualify for membership. About the Best CD IssuersAlpena Alcona Area Credit Union 7-Month CDWhy it stands out: Alpena Alcona Area Credit Union has the highest CD rate available right now. Dow Credit Union Simple CDWhy it stands out: Dow Credit Union is a solid choice if you prioritize banking with a credit union. GTE Financial Credit Union Share CertificateWhy it stands out: GTE Financial Credit Union is a good option if you're searching for a 4-year share certificate.

Persons: we've, Alden B, Sallie Mae, Mae, they're, Landry, that’s, that's, Raisin, Mykail James, Roger Ma, it's, Tania Brown, Sophia Acevedo Organizations: Alliance Bank, Western Alliance Bank, Mint, FDIC, Chevron, Market, Credit Union, Union, Alpena Alcona, Dow Credit Union, DCU, NCUA, Dow Inc, Dow Corning Corporation, Employer Group, Dow Credit, Midland Center, Dow Museum of Science & Art, Midland Historical Society, Midland Country Club of Great, Virgin Islands, City National Bank of, Mae Bank, Reading Chevron, State Credit Union, Pelican State Credit Union, ARC Baton Rouge, Parents Association of Northwest Support, Federal Credit Union, Federal Credit, DC, U.S, Capital Historical Society, American Consumer Council, GTE Financial Credit, CUSavers, NCUA Department of Commerce Federal Credit Union, Commerce Federal Credit Union, Department of Commerce Federal Credit Union's, of Commerce Federal Credit Union, Department of Commerce Federal Credit, US Department of Commerce, NOAA, White House Management, Administration, American Consumer, Ponce Bank, Ponce, Credit, Midland Area Community Foundation, Pelican State Credit, Services, Parents, GTE Financial, GTE Financial Credit Union, GTE, of Commerce Federal Credit, Department of Commerce Federal Credit Union, Administration Office, Finance, Federal Reserve, Federal, Limelight, National Bank of America, Technology Credit, Barclays, NASA Federal Credit, Western Alliance, Banks, Citi, PNC Bank, of America, Chase Bank, Charles Schwab Bank, Wells Locations: Alpena Alcona, Michigan, Alpena, Midland , Michigan, Midland Country Club of Great Lakes, Florida, Somoa, Guam, Northern Mariana Islands, Chevron, City National Bank of Florida, NCUA, Louisiana, Rapise, St, Tammany Parish, Alexandria , Virginia, Washington, Washington ,, Maryland, Virgin, Pelican, Ponce

Currently, the Western Alliance Bank High Yield Savings Account is the highest-yield savings account on Raisin. You can earn 5% or more with several savings accounts, including the Milli Savings Account, Betterment Cash Reserve, Newtek Bank High Yield Savings Account, and more. A high-yield savings account is a type of bank account that offers a higher interest rate than a traditional savings account. High-Yield Savings Account BasicsA savings account is an interest-earning bank account. A good high-yield savings account will likely be an account where you can grow your savings without unnecessary hassles."

Persons: you've, you'd, APY, you'll, Raisin, Milli, hasn't, FNBO, Primis, Synchrony, SoFi, Banks, Tania Brown, Roger Ma, Sophia Acevedo, Mykail James, BoujieBudgets.com, that's, it's, we've Organizations: Chevron, FDIC, Reading Chevron, Western Alliance, Mint, Milli, Mobile, National Bank of, Newtek Bank, Newtek, Popular Bank, Primis Bank, Virginia, Synchrony Bank, SoFi Bank, Green, Barclays, Barclays Bank, Member, Apple, Discover Bank, FDIC Discover, Discover, Better Business, Securities and Exchange, SEC, Cash, BBB, Raisin, UFB, Popular, Popular Direct, Google, First National Bank of, Primis, Synchrony, Security and Exchange, Savings, Better, Barclays doesn't, Securities and Exchange Commission, Federal, Federal Reserve, Federal Deposit Insurance Corporation, National Credit Union Administration, Governors, Finance Locations: National Bank of Omaha, Axos, Maryland, First National Bank of Omaha, California, Raisin, Chevron

After paying off $50,000 in debt, Berna Anat started saving money seeking financial freedom. "Saving is one of the best things that you can do for your life," writes Anat, who started saving money to reach her life goals after paying off over $50,000 in debt. Anat writes, "Saving money unlocks your wildest dreams. View offers and start saving today »How to save money the right wayIt's easy to find saving tedious or punitive when you're saving just to save. Saving money is the ultimate pay yourself first move, and being specific about what you are saving for gives you something tangible to reach for.

Persons: Berna Anat, Anat, we've, — Organizations: Service Locations: Wall, Silicon, New York

☆ Leading CD Rates for August 23, 2023: CD Rate Chaser
▼ + stars: | 2023-08-23 | by ( Business Insider | ) www.businessinsider.com time to read: +3 min

With rates rapidly changing, how can you feel confident that you're getting the best CD rate? Leading CD RatesMany of the best CD rates right now are offered by credit unions rather than banks. If you're looking for more CD options, check out our guides to individual CD terms in the sections below. 2-Year CDsThe best 2-year CD rates will be slightly lower than 1-year and no-penalty CD rates. Products in this post: Technology Credit Union 5 Month No Penalty CD, TotalDirectBank 6 Month CD, TotalDirectBank 1 Year CD, Pelican State Credit Union 2 Year Share Certificate, US Senate Federal Credit Union 3 Year Smart Share Certificate, Department of Commerce Federal Credit Union 5 Year Share CD

Persons: Banks Organizations: Products, Technology Credit, Pelican State Credit Union, Federal Credit Union, of Commerce Federal Credit Union Locations: —

You'll likely need a government-issued ID, proof of address, and more to open a bank account. You must be 18 to open a bank account, although you can open one if a parent or guardian co-owns the account. You can open a bank account for minor, but you must bring a parent or guardian with the necessary documentation to open the account with you. How to choose a bank accountThe best bank account for you will depend on your priorities. Opening a bank account FAQsWhat documents do you need to open a bank account?

Persons: you've Organizations: Service, Department of Motor Vehicles, Social, Social Security Locations: Wall, Silicon

☆ CD Rate Chaser: Today's Benchmark CD Rates
▼ + stars: | 2023-08-22 | by ( Business Insider | ) www.businessinsider.com time to read: +3 min

Persons: Banks Organizations: Products, Technology Credit, Pelican State Credit Union, Federal Credit Union, of Commerce Federal Credit Union Locations: —

11 bank accounts paying 5.50% APY or moreOur list includes certificates of deposit and one high-yield savings account. The Betterment Cash Reserve Account account notably offers the best high-yield savings account rate right now. Forbright Bank 1 Year CD - 5.50% APYForbright Bank is an additional financial institution offering 5.50% APY on a 1-year CD. Limelight Bank 1 Year CD - 5.50% APYAnother online bank paying 5.50% APY on a 1-year CD is Limelight Bank, an online division of CCBank. Rising Bank 1 Year CD - 5.50% APYRising Bank, an online-only subsidiary of Midwest BankCentre, has a 1-year CD paying 5.50% APY.

Persons: you'll, Sallie Mae, Raisin Organizations: Connexus, Connexus Credit Union, Connexus Association, Connexus Credit, Dow Credit, Dow Credit Union, Midland Area Community Foundation, Dow, Virgin Islands, Sallie, Sallie Mae Bank, Federal, Federal Credit Union, Signature Federal Credit Union, American Consumer Council, Western Alliance Bank, Cash, Forbright, Limelight, Limelight Bank, CCBank, Popular, Rising, Bank, Products Locations: Florida , Puerto Rico, American Samoa, Guam, Northern Mariana Islands, Virgin, Midwest

Over time, I made four smart money moves that put me on the path to financial success. Paying down debt, contributing to a 401(k) as soon as possible, and building an emergency fund created financial security. Here are four smart money moves that I have made with my money:1. I grew my emergency fund for financial securityRight after paying off my student loans, I got to work on growing my emergency fund. These were the money moves that worked for me and set me on the path to financial security.

Persons: I've, Lynnette Khalfani, Cox Organizations: Service Locations: Wall, Silicon

After selling my home and moving to New York, I've found renting to be a better fit for my lifestyle. I'm not saying that owning a home, or the desire to be a homeowner, is a bad thing. Here are four reasons why I am actually benefiting from being a renter right now — and why it's not a waste of money:1. For now, not having a mortgage and maintenance costs has put more money in my savings account, which brings to my next point. My savings account is easily accessible if I need it or the unexpected happens.

Persons: I've, I'm, it's Organizations: Service Locations: New York, Wall, Silicon, New York City

High-yield savings accounts, with easy access to your funds, are worth considering, said Ken Tumin, founder and editor at DepositAccounts.com. While investors expect the Federal Reserve to start cutting interest rates next year, online savings account rates won't fall significantly until the policy shifts, he added. Treasury billsAmid rising interest rates, Treasury bills have also become a competitive option for cash, with yields well above 5%, as of Aug. 18. Money market fundsAnother option to consider is short-term money market funds, said certified financial planner Chris Mellone, partner at VLP Financial Advisors in Vienna, Virginia. Money market mutual funds — which are different from money market deposit accounts — typically invest in shorter-term, lower-credit-risk debt, such as Treasury bills.

Persons: Ken Tumin, They're, Chris Mellone Organizations: Istock, Getty, Federal Deposit Insurance Corporation, Federal Reserve, U.S ., Treasury, U.S . Department of, VLP Financial Locations: TreasuryDirect, Vienna , Virginia

Our experts answer readers' investing questions and write unbiased product reviews (here's how we assess investing products). If you're worried about a recession, there are only two things you need: an emergency fund and diversified investments. The biggest danger to a young person isn't a risky portfolio or potential market drop, but avoiding investing. These "funds of funds" automatically choose a blend of investments based on your age — the younger you are, the riskier the investments (more stocks). At the end of the day, the "biggest danger" to a young person isn't a risky portfolio or potential market drop, he said, but avoiding investing all together.

Persons: Ramit Sethi, Sethi, Rich, you'll, Read Organizations: Service Locations: Wall, Silicon, arm's

As a financial journalist, I've heard tons of financial advice from dozens of financial experts. The best pieces of advice are about your money mindset, automating your savings, and paying yourself first. I have heard tons of financial advice, but I've found that the best advice, and the insight that really resonates across the board, pertains to everyday money management. Money scripts are beliefs that we have around money and they influence how we handle money. "The way that we handle money is a direct result of our money scripts and how we view money," Tisdale told me.

Persons: I've, Stacy Tisdale, Tisdale, Lynette Khalfani, Cox, aren't Organizations: Service Locations: Wall, Silicon

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