The Federal Reserve cut the federal funds rate three times this year, which means deposit rates are now falling. It’s more important than ever to ensure you’re earning the highest rate possible on your savings, and a high-yield savings account could be the solution. These accounts pay more interest than the typical savings account —…
About 170 years ago, a wooden building that housed a saloon and general store stood on the corner of First Street and North Lapeer Road in Oxford. After a devastating fire in 1896, the structure was brought back to life and opened as a two-story brick building that was home to various businesses, including a…
©GOBankingRates If you’ve decided to make 2025 the year of savings, there are a few steps to take first whether you are looking to improve your finances, save for a big purchase or plan for retirement. Read Next: 15 Investments Warren Buffett Regrets Find Out: Why Boring Could Be Best for Investing, According to Money…
As interest rates begin to fall following the Fed’s recent rate cuts, it’s more important than ever to ensure you’re earning a competitive rate on your savings. One option you may want to consider is a money market account (MMA). These accounts are similar to savings accounts — they offer interest on your balance, but…
A handwritten letter and cash found inside a cardboard box left in front of the Deokcheon Police Precinct in Busan / Courtesy of Busan Bukbu Police Station By KTimes A family receiving basic livelihood support has touched people’s hearts by collecting scrap for money and using their savings to provide Christmas gifts for those in…
The Federal Reserve announced an additional 25 basis point cut at its final meeting of 2024 and signaled it will deliver two more rate cuts in 2025. Lower rates impact consumers’ mortgages, loans, credit cards, savings accounts, and more. Vanguard head of brokerage and investments Andrew Kadjeski joins Wealth with Alexandra Canal to talk about…
The right high-yield savings account could help you reach your savings goals in the coming year. Getty Images In recent years, savers have earned exceptionally high yields thanks to a series of interest rate hikes designed to combat inflation. Yields have dipped slightly since September, when the Federal Reserve cut the federal funds rate for…
The Federal Reserve cut the federal funds rate this month, which means deposit rates will soon follow. It’s more important than ever to ensure you’re earning the highest rate possible on your savings, and a high-yield savings account could be the solution. These accounts pay more interest than the typical savings account — as much…
A young woman has been backed online for refusing to let her mom have access to her savings account. In a post on Reddit’s popular AITAH “Am I the A**hole?” forum, user ComprehensiveWin82 explained how her mom, aged 48, has been pressuring her to grant access to her hard-earned savings in case of “family emergencies.”…
Saving more money for future goals, including retirement, is a popular New Year’s resolution. But it’s also easier said than done. Often, it involves making changes to your lifestyle and spending habits so you can free up additional cash for retirement savings. But that’s only the first step. You also have to decide where to…
