The Federal Reserve continues to cut the prime interest rate, but banks and credit unions continue to offer attractive options topping 5% with few requirements. The latest OPM Comparison of the best checking and savings accounts includes strong options from newcomers PenAir Credit Union, Vibrant Credit Union, Timbr Financial and […]
Banks, credit unions and non-bank financial institutions (NBFIs) offer many types of deposit accounts with features to support several purposes, including spending (aka checking), emergency savings, and long-term savings. The growth of hybrid accounts, often referred to as “cash accounts,” mix features that make comparing options more challenging. These types […]
Mixed Signals on Savings Account Rates The OPM top savings rates reached 5.5% for accounts from Flagstar Bank and My Banking Direct, while accounts from Ally, American Express, Capitol One, Cloudbank, Customers Bank, Marcus, Salem Five Direct, and Valley Direct offered slightly lower rates than in previous months. For full […]
At least 2 banks with rates in the top ten percent of OPM tracked banks have announced reduced rates. Current savings account leader Milli Bank announced a reduction of rates from 5.50% to 4.95% effective February 29, 2024. Current checking account leader First Foundation already lower rates for the Online […]
Tempted by higher interest rates (like 5.02% from 2 banks) or new account bonuses offered on savings accounts from other banks? Worried about losing (or losing access to) your emergency savings by keeping your eggs in one basket? Inflation may be pinching you at the gas pump and supermarket, but […]
Clarity Money, the personal finance aggregation, budgeting and analysis tool acquired by Goldman Sachs in 2018, “will close its virtual doors on March 5, 2021.” But, “its most-loved features have been re-imagined to create Marcus Insights,” which is part of the new Marcus app. Let’s see which functions were “re-imagined” […]
What are credit card rewards? In the highly competitive market for credit cards, companies are offering rewards like cash back, travel miles, points, merchandise and more, as incentives to use their credit cards, which generate transactional revenue. Most rewards are determined by categories. For example, the Costco Anywhere Visa® Card […]
The Equifax data breach announced in September, 2017, impacted 147 million people, including 4 out of 5 of my immediate family and my father. The full extent of the damages may never be known, but you can claim your part of global settlement now. You must file a claim by […]
Update 2: if you open an account with at least $100 using this link, we’ll both get $50. Student loan lender Social Finance (SoFi) now offers SoFi Money, a cash management account with: High interest (currently 2.25%) without the hassle of moving money between checking and savings No minimums, maximums […]