The interest-earning potential of a CD account now versus one year ago should be weighed carefully. Andrii Yalanskyi/Getty Images A certificate of deposit (CD) account has been one of the better homes for your money in recent years. Interest rates on the account surged alongside decades-high inflation and an elevated Federal funds rate. And they … Read more
The growth potential of CDs, high-yield savings and money market accounts won’t be identical for savers. AN Studio/Getty Images While it may feel good to deposit a big, round number in a high-rate savings account right now, the reality is that doing so isn’t always that easy, especially in today’s economy. With inflation surging last … Read more
The interest-earning potential varies when comparing CDs, high-yield savings and money market accounts. yaom/Getty Images When inflation rises, the purchasing power of the dollar erodes and economic conditions worsen. And, in March, it surged significantly. Now at 3.3%, the rate rose by almost a full percentage point in a single month, driven largely by geopolitical … Read more
Body camera video released Monday shows a St. Louis police officer fatally shooting a 17-year-old in the back of the head as he fled, contradicting an earlier police statement that the teen pointed a gun at officers. Al Watkins, an attorney for the family of Emeshyon Wilkins, obtained the video as part of the discovery … Read more
A bank levy and a wage garnishment occurring simultaneously can cause serious issues with your finances. Gary Alvis/Getty Images Many borrowers assume that falling behind on a debt means dealing with collection calls, a damaged credit score and the slow grind that comes from an uptick in financial stress. Few expect to check their bank … Read more
Rep. Rick Crawford, chair of the House Intelligence Committee, joins “The Takeout” to discuss the war in the Middle East, including claims from Army survivors of the deadly Iranian attack on U.S. forces in Kuwait that their unit was unprepared to defend itself. Source link
Survivors of the deadliest Iranian attack on U.S. forces since the war began have disputed the Pentagon’s description of events and said their unit in Kuwait was left dangerously exposed when six service members were killed and more than 20 wounded. Speaking publicly for the first time, members of the targeted unit offered CBS News a … Read more
Knowing how multiple garnishments work could be the difference between recovery and a major cash-flow issue. Getty Images/iStockphoto Borrowers are carrying more debt than ever right now, and it’s having a big impact on their overall financial health. Total household debt has climbed to its latest record high of over $18.5 trillion, and delinquency rates … Read more
A bank levy on an empty account may buy you a brief reprieve, but it won’t make the debt go away. OlekStock/Getty Images Household debt in the United States has climbed to record levels, with borrowers currently collectively carrying more than $18.5 trillion in consumer debt. As those balances grow, though, and more borrowers fall … Read more
The interest earnings on a $10,000 CD account are much larger than what a traditional savings account can offer now. PeilingLeeCopyright/twomeows/Getty Images Saving thousands of dollars while keeping your debt load minimal isn’t always an easy goal to accomplish. But, once you’ve hit a predetermined threshold, you’ll typically want to move on to the next … Read more