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 […]
Cash News The Federal Reserve cut its federal funds rate three times in 2024, so now could be your last chance to lock in a competitive CD rate before rates fall further. CD rates vary widely across financial institutions, so it’s important to ensure you’re getting the best rate possible when shopping around for a […]
Cash News If you’ve ever tried to spend more money than was in your checking account, you know how frustrating, costly, and even embarrassing this can be. Overdraft protection, a service offered by many banks and credit unions, can prevent this situation. But like overdrafting your account, overdraft protection may come with its own costs. […]
Cash News From the fuel-cost savings to the environmental benefits, owning an electric vehicle (EV) has its perks. But there is one obvious question: Are electric cars more expensive to insure? The short answer is yes because EVs typically cost more to repair or replace if they’re damaged in an accident. It’s an important factor […]