With interest rates sitting at more than two-decade highs and inflation continuing to bear down on consumers, big banks are preparing to face more risks from their lending practices. Suggested Reading. Wiz backing out of the Google deal could have big implications for Microsoft, analyst says. In the second quarter,...

Banks are bracing for consumers to stop paying off their credit cards

The UK Financial Conduct Authority has confirmed its plan to protect access to cash for consumer and small businesses. To that effect, banks and building societies will need to weigh up if local communities lack access to cash services, like branches and ATMs, and plug significant gaps, under the new FCA rules.

UK FCA doubles down on cash despite digital payments trend

CBS News

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms.
  In today's high-rate environment, earning a hefty rate of return on your savings is simple. And, there are lots of interest-bearing account types to choose from, including certificate of deposit (CD) accounts, money market accounts, regular savings accounts and high-yield savings accounts. But as with any type of financial tool, not all deposit accounts are created equal — meaning that not every option will be a good fit for your money. For example, savers who can leave their money untouched...

14 high-yield savings accounts with no minimum deposits (up to 5.30% APY)

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 $5,000 Make You in a High-Yield Savings Account?

Revolut has finally obtained a UK banking license more than three years after Britain’s most valuable fintech firm lodged its application with regulators in its home market. This license will enable Revolut to hold customer deposits and offer lending products like credit cards, personal loans, and mortgages. Despite the...

Revolut gets UK banking license with restrictions

California State

Contributors represent independent, third-party users who have joined our contributor program and self-verified their accounts. They have also demonstrated their experience writing hard news for other outlets. Contributors are expected, like all users, to adhere to our Community Standards.

contributor

The HD Post

CALIFORNIA – Starting July 1, landlords will only be allowed to collect one month’s rent for the security deposit on a rental property. Assembly Bill 12, signed into law last October, says regardless of whether the residential property is unfurnished or furnished, only one month’s rent can be charged in addition to any rent for the first month paid on or before initial occupancy.

Law limiting security deposits goes into effect July 1

Lancaster County, PA

Community Voices represent independent, third-party users who have joined our contributor program but not yet verified their accounts. Community Voices are expected, like all users, to adhere to our Community Standards.

community_voice

NewsByJoshua

Fans of Frisco's Chicken were left reeling as the beloved Peruvian-style eatery announced the closure of all its locations in Lancaster County, Pennsylvania. The chain, known for its delicious food and strong community values, posted a heartfelt note on its doors, informing customers of the devastating news.

Favorite Chicken Chain Suddenly Closes All Stores, Heartfelt Message Found on Doors

Virginia State

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

writer

Anchorage, AK

Cheryl E Preston

Daily Express reports that Roger Allan Holmberg Sr., a Virginia pastor, has been accused of hitting his wife while on an Alaskan Airlines flight from Seatle to Anchorage. Holberg allegedly verbally and physically abused his wife, who said she has epilepsy, and her husband hit her in the head, knowing it could cause a seizure.

Virginia pastor facing federal charges after he allegedly hit his wife on an Alaskan Airlines flight

New York City, NY

Yesterday was the third time this year that an ad stating Chelsea Clinton lives in a beautiful Virginia home popped up on my laptop. My computer did not warn me this was a dangerous site, so this time, I clicked on the link.

Chelsea Clinton is rumored to be living in Virginia but probably still in NYC

Bucks County, PA

Doylestown, PA

Bucks County Beacon

More than 200 Democratic and Independent voters braved the sweltering heat Saturday for a chance to meet California Governor Gavin Newsom in a rally to support President Joe Biden and Vice President Kamala Harris’ reelection.

California Governor Gavin Newsom Visits Doylestown, Urges Bucks County to ‘Help Save Democracy’ in November

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

West Virginia State

Norfolk, VA

Four Virginians were confirmed to be onboard when the Titanic sank on April 14, 1912. Phillip Acts and Selini Decker, who lived a few blocks apart in Norfolk, died when the ship sank. Richmond native Robert Decker and Eloise Smith, who later moved to Richmond from West Virginia, survived.

There's a reason no remains from the Virginia Titanic victims will ever be found

Ronkonkoma, NY

The New York Post reveals that two men who died in a plane crash at MacArthur Airport were from Virginia. The men had been visiting friends in Long Island and were returning home when the tragedy occurred.

Life partners from Virginia have been identified as the victims of a New York plane crash

Plaquemine, LA

The U.S. Department of Justice says a former bank manager has admitted to stealing over a quarter million dollars from customers to fund his own spending habits. The DOJ says 53-year-old Eric Jason Schouest of Plaquemine, Louisiana, has pleaded guilty to embezzlement and bank fraud. Prosecutors say Schouest admitted to...

Bank Executive Steals $250,000 From Customers, Directly Accessing Bank Accounts To Fund His Lifestyle: US Department of Justice

The Independent

 Chase Bank officials warned the company's 86 million customers that checking accounts might not be free in the future if the federal government implements regulations capping overdraft and late fees. Chase is the largest consumer bank and one of the top credit card issuers in the US. It is now looking to charge for once-free services to cover the loss of revenue from the fee caps. CEO of Consumer & Community Banking Marianne Lake told the Wall Street Journal  she believes other banks will follow suit if the regulations pass. Under the new proposal, the cost to overdraw...

Nation’s largest bank Chase threatens to charge for checking accounts if government caps fees

The Motley Fool

Now could be a good time to say goodbye to your old bank. Read on to find out some top reasons why people make the switch.

4 Reasons to Switch Banks in July

J. Souza

After hitting the jackpot in the cruise ship's casino, one man was shocked by the prize he won. A recent TikTok video has gotten a lot of attention, showcasing a couple's unexpected windfall during a cruise vacation.

Cruise Passenger Wins Jackpot on Cruise and Gets $50k Cabin Upgrade

During a hearing Tuesday, U.S. Sen. Richard Blumenthal, D-Conn., revealed that Bank of America, JPMorgan Chase and Wells Fargo only reimbursed 38% of unauthorized Zelle transaction claims - leaving consumers on the hook for $100 million in fraud losses. The banks disputed the committee's findings. The banks disputed the committee's findings during a hearing Tuesday.

Senator: Top Banks Only Reimburse 38% of Unauthorized Claims

Kentucky State

Northern Kentucky Tribune

Kentucky’s medical cannabis program has taken significant steps toward ensuring those with qualifying conditions have access to medical cannabis as soon as possible, said Gov. Andy Beshear this week.

State to open licensing applications for medical cannabis businesses beginning July 1

CALIFORNIA – Plaintiffs, in a case against Wells Fargo alleging that the bank knowingly took part in a marketing scam, asked the court, July 8, not to grant a motion for summary judgment.

Class action lawsuit says Wells Fargo customers lost over $160 Million

NewsBreak

Lightyear announces high yield savings accounts for UK businesses

Lightyear has announced the launch of business accounts in the United Kingdom so that firms can start putting their money to work through cash interest and...

Lightyear announces high yield savings accounts for UK businesses

Comments / 0