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 […]
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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 […]
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 […]
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 […]
“How do I pay without a credit card, Dad?” My daughter learned to budget and manage her credit in high school. Yes, there were late payment fees and interest. These were painful lessons made less so by low credit limits and low expectations for credit ratings. My painful lesson came […]
“What’s in YOUR wallet?” You’ve heard the advertisement (unless you haven’t seen any TV in the last 2 years). But it’s a fair question – one that should be answered at least annually. Right now, I have a Costco Amex, a Chase Sapphire Visa, and a Schwab Invest First Visa (which pays […]