Are High-Yield Checking Accounts a Good Idea Right Now?
In theory, high-yield bank account are a method for you to earn a much better rate of interest on the money you keep in the bank, in exchange for meeting certain banking requirements. Compared to basic checking accounts– which normally…
The Fed Paused Rate Hikes, Here’s What It Means for High-Yield Savings Accounts
The Federal Reserve took a “wait-and-see” technique to its benchmark rates of interest Wednesday, declining to either raise or lower it– here’s what that implies for high-yield savings accounts. By leaving the federal funds rate at its present variety of…
The Fed Paused Rate Hikes: Here’s What It Means for Money Market Accounts
The rate-hike time out means that yields for money market accounts (MMAs) will likely hold consistent at the highest rates we’ve seen because 2007. The top MMA rate today is 5.25%. How Fed Rate Decisions Affect MMA Rates For the…
