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. To attract new customers, some banks may sweeten the deal by offering a cash bonus for opening a new […]
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 and other 25 basis points in November. So deposit rates — including money […]
Cash News Mortgage rates have been stagnant this week. According to Freddie Mac, the 30-year fixed mortgage rate dropped by one basis point to 6.78%, and the 15-year fixed mortgage rate is down one basis point to 5.99%. A couple of months ago, many expected mortgage interest rates to fall throughout the end of 2024 […]
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 Mortgage rates have spiked today. According to Zillow, the 30-year fixed mortgage rate has increased by 10 basis points to 6.64%, the 15-year fixed rate is up by 10 basis points to 5.98%, and the 5/1 ARM rate has risen by 29 basis points to 7.27%. If you’re in no rush to buy, […]
Cash News Today’s savings account interest rates are some of the highest we’ve seen in more than a decade due to several rate hikes by the Federal Reserve. However, the Fed finally cut its target rate in September, which means savings account rates are beginning to fall. The good news is that many high-yield savings […]
Cash News Today’s certificate of deposit (CD) interest rates are some of the highest we’ve seen in more than a decade thanks to several rate hikes by the Federal Reserve. However, the Fed finally cut its target rate this month, so now could be your last chance to lock in a competitive rate. CD rates […]
CashNews.co As the financial industry evolves, artificial intelligence (AI) is at the forefront of innovation, promising transformative efficiencies and new opportunities. Yet, AI adoption is far from straightforward. Over the past few months, I’ve been involved in AI adoption initiatives in my organization, addressing diverse challenges along the way. This journey has taught me that […]
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 and another 25 basis points in November. So deposit rates — including money […]