Cash News Money market accounts (MMAs) usually pay more interest than traditional savings accounts. But like many high-yield bank accounts, there are often restrictions on when and how you can access your cash. Some banks limit you to six free withdrawals from an MMA per month. That limit applies to most (not all) types of […]
Cash News Saving money for two goals at one time can feel like spinning plates. Sure, saving for emergencies and for a down payment on a home are both important goals, but can you effectively do them both? Not exactly. Until you have enough money set aside for emergencies, your finances will always be shaky. […]
Cash News Shopping for homeowners insurance may seem like something only new homeowners need to worry about. But with consistently rising home insurance rates, you could be missing out on some serious savings on insurance coverage by sticking with your current insurance company. Whether you’re a first-time home buyer shopping for a home insurance policy […]
Cash News Mortgage rates rose again this week. According to Freddie Mac, the national average 30-year fixed mortgage rate is up 12 basis points to 6.44%, and the 15-year fixed rate increased by 22 basis points to 5.63%. These inclines suggest that homeowners looking to refinance may want to wait until next year, when rates […]
Cash News If you’re looking for a secure place to store your savings, a certificate of deposit (CD) may be a great choice. These accounts often provide higher interest rates than traditional checking and savings accounts. However, CD rates can vary widely. Learn more about CD rates today and where to find high-yield CDs with […]
Cash News Between March 2022 and July 2023, the Federal Reserve raised its benchmark rate 11 times. As a result, savings interest rates rose sharply. However, in September, the Fed decided to cut its benchmark rate and deposit rates have begun falling as a result. Still, it’s possible to find high-yield savings accounts paying 4-5% […]
Cash News A mortgage is a specific type of loan used to purchase a home. It’s a secured loan where the home is used as collateral — which means your lender can take your home if you fail to repay the loan. A mortgage allows a home buyer to buy a house without having to […]
Cash News Between March 2022 and July 2023, the Federal Reserve raised its benchmark rate 11 times. As a result, money market account (MMA) interest rates rose sharply. However, the Fed slashed the federal funds rate by 50 basis points in September. So deposit rates — including money market account rates — have started falling. […]
Cash News Buying a home with an affordable payment at a time of relatively higher interest rates may seem like a difficult, or even impossible, goal. But what if there were a way to buy a home and keep the seller’s existing mortgage with its lower rate and payment? There is, in fact, a way […]
Cash News If you’re unemployed, if your company doesn’t offer retirement contribution matches, or you’re simply someone who wants to earn more on their retirement savings, it can pay to seek out alternative savings options. Right now, for a limited time, Robinhood (HOOD) is offering a 3% uncapped bonus for IRA transfers with Robinhood Gold, […]