The Motley Fool

Don't open a CD until you read this. Most Americans aren't ready for the risks of CDs, so check out a better place to keep your savings.

Forget CDs: Here's One Savings Account You're Not Paying Enough Attention To

Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page. APY = Annual Percentage Yield. APYs are subject to change at any time without notice.

How Much Will $20,000 Make You in a High-Yield Savings Account?

CBS News

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  Stowing your savings away in an interest-bearing account has been a lucrative move to make over the last couple of years. The interest rates on these accounts have been quite high, after all, with many high-yield savings accounts and certificate of deposit (CD) accounts offering annual percentage yields (APYs) that far surpassed the inflation rate. That, in turn, resulted in big payoffs for the savers who took advantage of earning interest in a high-rate environment.But the window to capitalize...

12 best CDs to open before rates are cut in September

A $25,000 savings account balance might seem too much. But is it? Read on to find out.

Is $25,000 Too Much to Have in Your Savings Account?

Business Insider

Two local credit unions are offering CDs with at least 9% interest before the Fed cuts interest rates. Find out how to qualify for the CD specials.

Some credit unions are offering CDs of 9% APY or more before an anticipated Fed rate cut

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  Certificates of deposit (CD) accounts come with various interest rates and terms (or lengths) for savers to explore. While rates have traditionally been higher on long-term accounts, that hasn't been the case in the rate climate of recent years. In 2023 and 2024, for example, rates have been higher on short-term CDs, sometimes by a significant margin. That said, rates on long-term accounts are also high now and, like all CDs, they'll be locked until the account has matured. This...

How much interest would a $5,000 18-month CD earn now?

You may be planning to receive Social Security benefits when you reach your retirement age or become eligible, but you may not know that you can lose some of all of your benefits for a variety of reasons -- some of which could be out of your control. Benefits through...

Four Ways You Can Lose Your Social Security Benefits

If you've used the Cash App mobile payment service to transfer money in the last six years, you may be eligible for a $2,500 payout. The proposed $15 million class-action settlement claims Cash App and its parent company Block failed to take proper care to prevent unauthorized access to user accounts.

Cash App Customers Are Eligible for a Payout. How to Submit a $2,500 Settlement Claim

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NewsNinja

"They accidentally gave us 2 washers and a dryer when we only ordered 1 of each". Last month, Lowe’s experienced a glitch that lowered the price of its $2,300 Midea jumbo capacity refrigerator to just $169.

‘Lowe’s messed up’: Shopper says they got $2,300 fridge at Lowe’s for just $169

Supplements Security Income recipients have already received their payment for the month of August, but there's another one on the way before the month is up. The payment timetables can be affected by what day of the week a typical payment date falls on, and that's what's happening this time. We'll explain. Also, if you didn't know, you might be getting a boost to the amount of money in your checks later this year.

Two SSI Payments Are Coming Your Way in August. Here's Why

You could settle for a 5% return from a CD. But read on for a better way to invest your money.

CDs Are Paying 5%, but Here's How You Can Do Way Better

GOBankingRates

A certificate of deposit (CD) is a type of savings account offered by credit unions and banks. Typically, these accounts have higher interest rates than either traditional or high-yield savings...

I’m a Banking Expert: 4 Reasons You Should Not Open a CD

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  In the face of inflation and elevated borrowing costs, certificates of deposit (CD) accounts have been a smart way for savers to grow their funds — and protect them in a volatile economic climate. This was especially beneficial as inflation hit a decades-high in June 2022 and, later, when the Federal Reserve raised the federal funds rate to its highest level in 22 years. Since those events occurred, however, the economy has improved.Inflation is now approaching the Fed's target...

Is a $5,000 CD deposit still worth it?

Gas, water bills and energy prices are high and climbing higher. This summer has been the hottest on record for many cities across the US, and these scorching temperatures and heat waves are causing many to run to their thermostats to seek relief. Increased air conditioning usage can hammer folks with lofty cooling costs this time of year, which may have you wondering how you can cool down without wrecking your monthly spending. When you're renting, it isn't always possible to implement major cost-saving and energy-conserving changes, like weatherstripping or buying new Energy Star appliances. Chances are that you're not allowed to undertake big projects as an apartment dweller since even small tweaks could result in a lease violation.

10 Tips to Lower Your Utility Costs as a Renter

A lady is cautioning others about purchasing budget earrings from Amazon, Shein, and H&M, after she experienced keloid formations on her earlobes due to wearing them. On a TikTok post that has garnered more than 334,000 likes, Sailor Rozema (@sailor.rozema), a content creator, shares a warning with her community of "dangly earring girls": the inexpensive jewelry found in fast fashion can have negative impacts on your well-being.

‘I’ll never be wearing earrings for the rest of my life’: Customer warns against buying from Shein

It's been more than a full week since the first round of Social Security Disability Insurance payments went out, but the next round will be hitting bank accounts this week. SSDI is paid on the same day as Social Security payments, and if you're not sure when you're supposed to get yours, we'll detail the full payment schedule for the month of August below. If you still haven't received your July SSDI check, here's what you can do.

Social Security Disability Insurance August 2024: Here's When You'll Get Your Check

There's never been a better time to switch banks. Here are three reasons you should consider making a change this month.

3 Reasons to Switch Banks in August

Making one extra payment a year on a 30-year mortgage can save you serious interest. But it might not be the best use of your money.

Is It Worth It to Make Just 1 Extra Payment a Year on Your 30-Year Mortgage?

Wisconsin State

The US Sun

AMERICANS can get payments from a major interest rate settlement. Big Picture Loans, a private money lender, is paying out big bucks after allegations it charged excessive interest rates. The company is known for offering thousands in loans to people with bad credit and then charging high interest rates. Those high rates can make the […]

Americans can claim one-time payment from $65 million interest rate settlement – but it depends on which state you live

If you clean your home regularly, the idea of mold lurking in random nooks and crannies may seem a bit ridiculous. Mold? In your home? Impossible! We're sorry to say that it isn't as impossible as it sounds. In fact, it's a great idea for just about everyone to add routine mold checks to their cleaning list. In fact, not doing so could be detrimental to your health.

Does Your Home Have Hidden Mold? 7 Areas You Should Check Right Now

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Best Savings Rates Today: Don’t Settle for Less When These Accounts Still Earn APYs up to 5.35%, Aug. 14, 2024

You can earn up to 5.35% APY with today’s top high-yield savings accounts from My Banking Direct, Synchrony Bank and more. Savings rates are likely at...

Best Savings Rates Today: Don’t Settle for Less When These Accounts Still Earn APYs up to 5.35%, Aug. 14, 2024

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