As the holiday season approaches, many people start considering ways to save in preparation for the associated expenses. One option that has gained popularity is holiday savings accounts, sometimes known as Christmas Club accounts. These financial products are designed to help individuals set aside money earmarked for holiday spending, preventing…

A share savings account serves as a unique financial product offered exclusively by credit unions, distinguishing it from traditional savings accounts found in banks. While both types of accounts enable individuals to save money and accumulate earnings over time, the fundamental difference lies in the structure and operation of the…

The landscape of board leadership representation on Wall Street is undergoing significant changes with Nasdaq facing legal challenges to its diversity initiatives. The Nasdaq had implemented pioneering board diversity rules that mandated publicly traded companies on its exchange to include women and minority directors or provide justifications for their absence.…

Money market accounts (MMAs) have emerged as a viable option for storing cash, appealing to individuals seeking a balance between a competitive interest rate and accessible liquidity. Unlike traditional savings accounts, which generally provide lower returns, MMAs are often structured to yield better interest rates while allowing for flexible access…

In 2023, the Federal Reserve made a critical decision to lower the federal funds rate twice, which subsequently resulted in a decline in deposit account rates. However, there remains a silver lining for those seeking to preserve their earning power: locking in competitive rates on certificates of deposit (CDs) is…

Mortgage rates have experienced an increase recently, with the latest data from Zillow indicating that the 30-year fixed mortgage rate has climbed four basis points to 6.46%, while the 15-year fixed interest rate has risen five basis points to 5.84%. Economists predict a 25 basis point cut in the federal…

In September, the Federal Reserve made a significant move by reducing its target interest rate, which has ripple effects across the banking sector, particularly influencing high-yield savings accounts. Previously, the rates on these accounts soared above 5% APY; however, this recent decline may lead to a decrease in these attractive…

As the presidential election results rolled in on November 6, 2024, with former President Donald Trump securing the Republican nomination, many Americans—particularly student borrowers—were left pondering the future of student loan policies in the upcoming Trump administration set to take office in January 2025. Trump’s past comments regarding the potential…

The Chase Freedom Unlimited® and Chase Sapphire Preferred® Card are two of the top rewards credit cards available, appealing to various consumer needs depending on spending habits and reward preferences. Both cards operate under the Chase Ultimate Rewards program, but they offer distinct features that cater to different users. The…

High-yield savings accounts (HYSAs) have steadily gained attention as favorable options for saving money, especially with interest rates that, while now declining, still offer competitive annual percentage yields (APY). Previously, many savers enjoyed rates above 5% APY, but due to anticipated cuts from the Federal Reserve, those times seem to…

The 2025 Discover cash-back calendar represents an exceptional opportunity for consumers to earn enhanced rewards rates over the year. Discover’s rotating cash-back categories are designed to coincide with common expenses, such as dining out, grocery shopping, and fuel purchases, allowing users to earn up to 5% cash back on their…