Cash News Interest rates on certificates of deposit (CDs) have fallen, and there’s a chance they could fall even further this year. Since September of 2024, when the Federal Reserve began its most recent flood of federal funds rate cuts, the interest rates on CDs have been dropping. Today, the average account now pays below […]
Cash News If you’ve ever been an employer or an employee in America, chances are you’ve filled out, or at least seen, a W-2 form. That’s because this form is used by the Internal Revenue Service (IRS) to help estimate tax withholding. If you earned taxable wages or compensation over $600, you should receive a […]
Cash News Today’s mortgage rates have inclined, but only slightly. According to Zillow data, the 30-year fixed mortgage rate has increased by three basis points to 6.57%, and the 15-year fixed interest rate is up by four basis points to 5.88%. Week-over-week rates have hardly changed. Does that mean it’s a good time to buy […]
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 […]
Cash News The Federal Reserve reduced its target interest rate three times in 2024. This has 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 […]
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 If you’re looking for a secure place to store your money and earn interest, a high-yield certificate of deposit (CD) could be a good option. These accounts require you to keep your money on deposit for a set period of time, known as the term. In exchange for locking in your funds, you […]
Cash News Has your savings balance finally hit $100,000? If so, congratulations on reaching this financial milestone! Chances are, you had to apply a combination of discipline and hard work to get here. Once you’ve taken a beat to celebrate, you may notice a feeling of uncertainty set in, especially when it comes to deciding […]
Cash News In a falling interest rate environment, it’s more important than ever to ensure your savings are earning a solid return. Putting your money in a certificate of deposit (CD) is one smart way to lock in today’s elevated rates before they’re gone. In fact, many banks and credit unions are offering CD rates […]
Cash News Whether you want a lower interest rate, longer repayment term, or cash from your home’s equity, you might be thinking about refinancing your mortgage — replacing your current home loan with a new one. But a mortgage refinance is not free. Here’s what you need to know about refinance costs to decide if […]