The Federal Reserve reduced its target interest rate in September. That means high-yield savings account rates, which have recently been upwards of 5% APY, are beginning to fall as well. In order to get the highest interest rate possible on your savings, it’s important to do your research and find competitive offers. Not sure where…
It’s no secret that many Americans aren’t saving enough for retirement. The SECURE 2.0 Act, signed into law at the end of 2022, aims to make it easier for workers to save for retirement and for employers to establish new retirement plans. Building on the original SECURE Act from 2019, SECURE 2.0 introduces changes to…
A new program offered by Avesta Housing’s HomeOwnership Center received a $50,000 donation from Bangor Savings Bank, designated to help people with moderate incomes purchase their first homes and achieve housing stability. Avesta’s program, A Path Forward: Homeownership for ME, aims to create a pathway to homeownership for Maine residents who have been priced out…
President-elect Donald Trump recently proposed to end daylight saving time. However, this could conflict with what Oklahoma lawmakers have done. 2 News Oklahoma’s Douglas Braff spoke with a state lawmaker in March as he was trying, yet again, to make daylight saving time permanent in Oklahoma. When asked if he thought it was the final…
Advertisement Advertisement Today at 4:05 a.m. | Updated December 16, 2024 at 9:46 a.m. by Michael R. Wickline The Arkansas Capitol in Little Rock on Monday, Nov. 6, 2023. (Arkansas Democrat-Gazette/Steve Goff) Arkansas officials estimate state executive branch agencies could realize about $300 million “in cost savings and avoidance” over the next six years under…
As 2024 draws to a close, Europe’s energy winter preparedness is a priority. Since Russia’s invasion of Ukraine in February 2022, the EU and its member countries have taken many bold measures to decrease reliance on fossil fuels, accelerate the shift to clean energy and build a more resilient and diversified energy system, with a view…
Knowing where CD rates could head in 2025 could have a big impact on your financial planning for the new year. Getty Images There are many downsides to high interest rates, but one bright side is that elevated rates can make it easier to earn more money on your savings. For example, certificate of deposit (CD)…
What’s New President-elect Donald Trump has revived the decades-old debate over daylight saving time, calling it “inconvenient” and “very costly to our Nation” in a recent post on Truth Social. Trump announced that the Republican Party would aim to eliminate the practice of changing the time, which has been a topic of bipartisan contention for…
Arkansas state government can save $300 million over the next six years simply by streamlining and centralizing various internal functions — all while delivering better services to the public and paying state employees well. Such is the audacious claim of a progress report released Monday morning by Arkansas Forward, an initiative of Gov. Sarah Sanders…
Byrnes: First, we should consider that the federal government currently doesn’t have the bandwidth to sponsor such a complex endeavor. Should we create such a system, we’d likely be plagued with administrative problems for years, if not decades. Such a system will never happen just considering the complexities associated with such a huge and sweeping…
