Columbus, OH

Forbes Advisor

Rates on savings accounts are going down. You can now earn 5.84% or higher on your savings. Searching for an account where you can put some money aside? Here’s a look at some of the best savings rates you can find today. Traditional Savings Account Rates Today. Traditional savings...

High-Yield Savings Account Rates Today: August 22, 2024

CBS News

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  It may be hard to believe now, but it wasn't that long ago that mortgage interest rates were near historic lows. On August 27, 2020, the average rate on a 30-year loan was 2.91%. One year later, it had dropped even further to just 2.86%. However, as the pandemic and influencing economic factors waned, inflation rose dramatically and by June 2022 it was at a 40-year high. Interest rates soon followed, and by August 2023, the average mortgage interest...

Here's when mortgage interest rates could fall below 6%

The Motley Fool

The Fed is virtually certain to start cutting rates at its September meeting. Find out what it would likely mean for CD interest rates.

Here's What Could Happen to CD Rates if the Fed Cuts Interest Rates Next Month

Credit card charge-offs and credit card loan delinquencies continue to be at a more than 12-year high, according to the Federal Reserve’s second-quarter report. Second quarter 2024 data reveals that credit card charge-offs increased from 4.16% to 4.38%, a 12.5-year high not seen since Q4 2011. Charge-offs are continuing to increase at a fairly steep slope. With 9–12-month lag time to placements, the volume should continue to increase through at least mid-2025.

Credit Card Charge-Offs and Delinquencies Increased to More Than a 12-year High, According to Federal Reserve’s Q2 Data.

Business Insider

These are today's mortgage and refinance rates. Mortgage rates finally dropped below 6% in August, and they're expected to continue falling this year.

Mortgage Interest Rates Today, August 28, 2024 | Rates Below 6% for the First Time This Year

Available to anyone nationwide, California Coast Credit Union is paying an eye-popping 9.50% APY on a 5-month CD. But this CD won't suit everyone, as it only allows a maximum deposit of $3,000. It also requires having another active account with Cal Coast. If you're looking to sock away more...

This 9.5% CD for Small Balances Is Still Available. But How Long Will It Last?

Kohl's beat profit estimates for the second quarter, despite lower sales, as the discount department store operator cut costs. Kohl's warned about a challenging consumer environment but raised its full-year outlook for earnings per share. Kohl's shares edged higher Wednesday, but they've lost nearly a third of their value this...

Kohl's Cuts Costs to Address a Challenging Consumer Environment

Bath & Body Works expects net sales to fall between 2% and 4% this year, worse than its previously offered guidance. CEO Gina Boswell called the lower range "prudent" amid challenging consumer spending trends. The retailer also missed expectations with its second-quarter net sales. Bath & Body Works (BBWI) shares...

Bath & Body Works Offered a 'Prudent' Outlook. Its Shares Are Falling

Loretta Mester, former Cleveland Fed president and CNBC contributor, joins 'Money Movers' to discuss what to expect from the Federal Reserve, how the Fed thinks about the amount of rate cuts, and much more.

Fed will be moving rates down in September, says former Cleveland Fed president

DC News Now

A record number of 401(k) accounts contained $1 million or more during the second quarter of 2024, according to an analysis from Fidelity Investments.

Number of 401(k) millionaires reaches record high: Fidelity

The Hill

A record number of 401(k) accounts contained $1 million or more during the second quarter of 2024, according to an analysis from Fidelity Investments. There were about 497,000 so-called 401(k) “millionaires” last quarter, a 2.5 percent increase from 485,000 during the first quarter, according to Fidelity’s analysis of 24 million 401(k) accounts across 26,000 employer-sponsored…

401(k) millionaires reaches record high: Fidelity

Popular on-chain analyst Willy Woo is predicting that Bitcoin (BTC) will ultimately hit a massive value for one key reason. Woo tells his 1.1 million followers on the social media platform X that Bitcoin could capture 3% of the total wealth assets and soar more than 975% from the current value.

Bitcoin To Explode by at Least 975% To Reach Ultimate Price, Says Analyst Willy Woo – Here’s the Timeline

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NewsNinja

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

Long-term bonds should rise as interest rates fall, making the Vanguard Long-Term Bond ETF a good pick. REITs benefit from lower rates, boosting the Vanguard Real Estate ETF. Rate cuts typically help small-cap stocks, which should be great for the Vanguard Small-Cap Value ETF. All three of these Vanguard ETFs...

3 Vanguard ETFs to Buy Hand Over Fist if the Fed Cuts Rates in September

More shoppers held out for better deals and delayed back-to-school purchases this year. Roughly half of consumers said they were influenced by coupons and sales when making purchases. Families with children who are in K-12 expect to spend an average of $874.68, while college shoppers anticipate spending an average of...

What Bargain Hunters Are Doing This Year for Back-to-School Shopping

The Federal Reserve confirmed it on Friday: “The time has come” for an interest rate adjustment. While he didn’t specify when rate cuts will begin, Chairman Jerome Powell’s comments at the Fed’s economic symposium support expectations of a cut as soon as the next Federal Open Market Committee Meeting in September.

Best CD Rates Today -- Lock in a High APY While You Still Can, Aug. 26, 2024

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  Inflation has been higher than the 2% target rate for years now, forcing the Federal Reserve to raise interest rates — and keep them there. That's been a challenge for hopeful homebuyers or anyone else looking to borrow money at today's high rates, but for savers, it's been a boon.Changes might be coming, though.Recent reports show that inflation has been cooling rapidly over the last three months, and, in turn, the Fed has indicated rate cuts may be in...

CD interest rate forecast for fall 2024: Everything experts predict

High-Yield Savings Accounts Remain Attractive Despite Expected Rate Cuts. As the Federal Reserve is poised to lower interest rates, high-yield savings accounts continue to offer significant benefits for savers, experts say. While the upcoming Fed meeting in September is likely to result in rate cuts, financial advisors maintain that these accounts remain a smart choice for consumers looking to maximize their savings.

High-Yield Savings Accounts: 5% APY Rates Persist Despite Looming Fed Cuts

In March 2022, the Federal Reserve embarked on one of its most aggressive rate-tightening cycles. Since then, markets have been jolted by several false hopes around an expected policy “pivot” to rate cuts. However, while the U.S. central bank has long since stopped its rate-hike spree and kept its benchmark steady for a year, a rate cut has been elusive.

1 Dividend Stock Yielding Over 5% to Buy Before the September Rate Cut

Interest rate cuts are finally near. Read on to see what financial move it pays to make as soon as possible.

The Fed Just Signaled a Near-Term Interest Rate Cut. Here's What Savers Should Do Immediately

NewsBreak

Top CDs Today, Aug. 27, 2024 - Leading 3-Year Rate Drops

After several days of the best CD rates holding steady, the top 3-year CD rate fell today from 4.75% to 4.65%. You can still earn the...

Top CDs Today, Aug. 27, 2024 - Leading 3-Year Rate Drops

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