Columbus, OH

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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

The Motley Fool

A savings account can do you a world of good -- but it's not the perfect spot for all your money. Learn when to consider other financial accounts, too.

How Much Money Is Too Much for a 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

If you have a decent-sized cash hoard, it's even more important to open one of the best savings accounts. See how much $20,000 can earn in a year or more.

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

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

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  All eyes turn toward the Federal Reserve today as they meet to discuss the future of the economy and the interest rate climate. While a reduction to the federal funds rate, which affects what lenders offer borrowers, isn't expected after their meeting on Wednesday, it's appearing more likely to occur in September. While that will be welcome news for borrowers coping with high rates on everything from mortgages to credit cards, it will likely mark the end of this...

Why you should deposit $5,000 into an 18-month CD now

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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?

SmartAsset

For many people, early retirement means 62. This is the age they can start withdrawing money from their retirement accounts and receive Social Security. For example, let's assume an individual with $425,000 in a Roth IRA, a $1,000 monthly pension, and expect $1,600 in Social Security. Is it going to be enough? As often in […] The post I’m 62 With $425k in a Roth IRA and $2,600 per Month between Social Security and Pension. Can I Retire Now? appeared first on SmartReads by SmartAsset.

I'm 62 With $425k in a Roth IRA and $2,600 per Month between Social Security and Pension. Can I Retire Now?

How much more in Social Security benefits will you receive in 2025? If you already get monthly Social Security checks or you're looking to sign up to do so, it's likely you're eagerly awaiting the COLA increase announcement. Analysts have offered their predictions on how much extra money you could be getting with your benefits for the next year, and there are ways to calculate how much you may get per check already. But the COLA adjustment could mean significant changes to how much money you have to play around with each month.

How Much Will Social Security Increase in 2025? Here's What Experts Predict

GOBankingRates

Having one checking and one savings account at the same bank used to be the norm. But with the proliferation of internet banking and the ease of transferring money between accounts, is it better to...

I’m a Bank Teller: 6 Benefits of Having Multiple Bank Accounts

There's a gap between how much people believe they'll need for retirement and how much retirees actually have saved.

This Is the Average 401(k) Balance for Retirees Age 65 and Older

With interest rate cuts from the Federal Reserve on the horizon, it could be a good time to shift cash, experts say. While many investors are getting 5% yields on money market funds, that will fall once the Fed starts cutting interest rates. Rates for high-yield savings and certificates of...

Here are some money moves to make before the Fed starts cutting interest rates

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  Credit cards offer undeniable convenience for shoppers, providing a quick and easy payment method at the register or a buffer between paychecks when cash is tight. The transaction approval process is swift, and for those with rewards cards, there's the added benefit of earning points or cash back on purchases.However, this convenience comes at a price. Credit card interest rates can be steep, with the current average hovering around 24%. There's no federal limit on these rates, either, so...

4 ways to lower your credit card interest rates right now

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. In the second quarter, JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo all raised their provisions for credit...

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

Tweaking how you pay your mortgage can amount to huge savings. Check out how one writer took years off their mortgage.

I Shaved Years Off My Mortgage in Seconds. Here's How

Over time, you should be improving your credit score. But what's a good score for your age right now? Find out here.

What's a Good Credit Score for Your Age?

New York City, NY

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Cheryl E Preston

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

If you’re wondering how to find lost savings bonds, you’re not alone. Luckily, reclaiming them can be relatively straightforward if you know where to look. Finding lost savings bonds may require you to use the Treasury Hunt tool, contact the U.S. Department of the Treasury or potentially hire a professional to help. Rediscovering these hidden […] The post How to Find Lost Savings Bonds appeared first on SmartReads by SmartAsset.

How to Find Lost Savings Bonds

As you approach retirement, your financial focus shifts. During your working life, retirement is about goals and planning. You decide what kind of lifestyle you want, figure out what kind of income will support that spending, then build a savings and investment plan to reach those goals. That should be your retirement approach at age […] The post I’m 65 With $1.2 Million in an IRA. I’ll Get a $2,900 Monthly Social Security Benefit. What’s My Retirement Budget? appeared first on SmartReads by SmartAsset.

I'm 65 With $1.2 Million in an IRA. I'll Get a $2,900 Monthly Social Security Benefit. What's My Retirement Budget?

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.

3 Reasons Not to Renew Your CD in 2024, Even With Rates at 5.20%

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Don’t Wait to Grab High-Yield Savings Account Rates as High as 5.35% APY, Aug. 5, 2024

There’s still time to maximize your savings with a high-yield savings account earning as much as 5.35% APY. The Fed held rates steady last week, but...

Don’t Wait to Grab High-Yield Savings Account Rates as High as 5.35% APY, Aug. 5, 2024

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