Donald Trump has promised to impose sweeping tariffs on imported goods on April 2nd, dubbing it “Liberation Day”. The car industry got a preview of what is in store a week earlier, when on March 26th America’s president said he would charge hefty levies on imported cars and parts. The aim is to restore carmaking […]
Cash News Money market accounts (MMAs) can be a great place to store your cash if you’re looking for a relatively high interest rate along with liquidity and flexibility. Unlike traditional savings accounts, MMAs typically offer better returns, and they may also provide check-writing privileges and debit card access. This makes these accounts ideal for […]
Cash News The Federal Reserve reduced its target interest rate three times in 2024. This had a ripple effect on deposit account rates, which means now could be your last chance to lock in today’s high rates with a certificate of deposit (CD). Here’s a look at today’s CD rates and where you can find […]
Cash News The Federal Reserve cut the federal funds rate three times in 2024, which means deposit account rates are also on the decline. 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 […]
A rush of new tariffs will hurt growth, raise prices and worsen inequality Source link
Cash News Claiming dependents on your tax return can save you money. Unfortunately, you can’t claim yourself as a dependent. A tax dependent is someone who relies on you for at least 50% of their support, such as a child or another relative. The rules for claiming dependents can get complicated, so we’ll break down […]
Cash News Welcome to This Week on Reddit, our weekly series that answers redditors’ biggest banking questions. Each week, our editors choose an interesting and relevant user question to examine. Read on for our expert analysis. A checking account is designed to manage everyday transactions, so it’s probably your most-used bank account. That’s why it’s […]
Cash News The Federal Reserve cut its target rate three times in late 2024, which means savings interest rates are falling. So it’s important to be sure you’re getting the best rate possible when shopping around for a savings account. The following is a breakdown of savings interest rates today and where to find the […]
Cash News Most mortgage rates have decreased today. According to Zillow data, the 30-year fixed mortgage rate is down three basis points to 6.59%, and the 15-year fixed rate has dropped by four basis points to 5.91%. Interest rates on both purchase mortgages and refinanced mortgages have fallen a bit since the beginning of the […]
Cash News The Federal Reserve began cutting the federal funds rate in 2024. As a result, deposit rates — including money market account rates — have been falling. It’s more important than ever to compare MMA rates and ensure you earn as much as possible on your balance. The national average money market account rate […]