The growth potential tied to a 2-year CD account merits serious consideration in today’s uneven economy. krisanapong detraphiphat/Getty Images August 2028. It sounds like a long time from now. Much can change by then and much will, but, for millions of savers, that’s the whole point. With inflation still sticky, a Federal Reserve interest rate … Read more
The decision to put money into a CD or a high-yield savings account isn’t an easy one to make this August. Constantinis/Getty Images The start of a new month is always a smart time for savers to revisit their financial health. What was working in the weeks and months prior may no longer be and … Read more
A high-yield savings account has multiple, timely benefits for savers who act now, after the Fed paused interest rates again. Elena Medoks/Getty Images Savers accustomed to stability in the interest rate climate may want to reevaluate their options. That was one of the takeaways on Wednesday after the Federal Reserve announced its fifth interest rate … Read more
By putting $15,000 into a 1-year CD account, savers will protect their principal while building a robust return at the same time. Witoon Pongsit/Getty Images A report released earlier in July showing inflation elevated and the potential for a Federal Reserve rate hike in September growing – the first such increase in more than three … Read more
The debt collections process can change in ways that borrowers never anticipate, especially over time. Hanizam/Getty Images Falling behind on your debt is rarely the result of a single bad financial decision. In many cases, the issue arises after months or years of financial challenges, from rising expenses to stubbornly high borrowing costs or unexpected … Read more
A high-yield savings account can be a viable home for your money, even if you have a large, unconventional amount to deposit. PHIL LEO/PM Images/Getty Images While it may be tempting to wait until you reach a round, milestone number in your savings account before shifting strategies, the reality is that in today’s economy, delaying … Read more
A CD account maturity date this August should be leveraged strategically by savers in today’s economy. spawns/Getty Images Certificate of deposit (CD) accounts have a variety of beneficial features in today’s unique economy – elevated returns, fixed interest rates and protection for your principal in a way that investments fundamentally can’t provide. These features come … Read more
Moving $10,000 into a 1-year CD or high-yield savings account could be a profitable decision for savers who take action now. Cimmerian/Getty Images If you have $10,000 currently sitting in a traditional savings account and are waiting on a big return on your five-figure deposit, you may find yourself waiting for a very long time. … Read more
A $100,000 1-year CD account may be unconventional but the earnings could be worth it for some savers now. Getty Images/iStockphoto If you’re a saver with $100,000 accessible now, simply moving it into a certificate of deposit (CD) account may not seem to make much sense. The top CD interest rates, after all, sit just … Read more
A $40,000 1-year CD account will produce a substantial return for savers who maintain the account through its maturity date. skaman306/Getty Images Whether you inherited it, painstakingly saved it in the inflationary economic climate of recent years or earned it via a home sale or inheritance, you’ll have plenty of places to invest a large … Read more