Fed rate cut: How it affects your bank accounts, loans, credit cards, and investments
Thing is, the Fed's manipulation of overnight interest rates charged to banks doesn't directly steer mortgage rates. Those ...
Kiplinger on MSN12h
What Are High-Yield Savings Accounts?
A high-yield savings account is essentially the same as a traditional savings account with one key difference — high-yield savings accounts pay a higher than average APY on deposits. An APY, or annual ...
If interest rates remain ‘higher for longer,' the winners are those with cash accounts
The Federal Reserve indicated a slower pace of interest rate cuts in 2025. Savers with high-yield savings and other cash-like ...
CNET10d
The Fed Cut Rates Again. Will APYs for Savings Accounts and CDs Continue to Drop?
A certificate of deposit is a deposit account that offers a fixed rate for a specific time, or term. In exchange for fixed ...
Chasing the highest-yield savings account: More trouble than it’s worth?
With the Fed cutting rates, some savers say they are done moving money from bank to bank in pursuit of the best return on ...
Hosted on MSN10d
How the Federal Reserve impacts savings account interest rates
When the Federal Reserve changes interest rates, consumers feel the ripple effects in all sorts of ways. For savers, banks ...
The Federal Reserve expects to cut rates more slowly in 2025. Here's what that could mean for you
The Federal Reserve’s third interest rate cut of the year will likely have consequences for debt, savings, auto loans, ...
Mena FN6d
Federal Reserve Board Provides Technical Clarification That Its Account Access Guidelines Apply To Excess Balance Accounts
An EBA is a limited-purpose account at a Federal Reserve bank established for maintaining the reserve balances of eligible institutions. An EBA is managed by an agent on behalf of the ...
JD Supra10d
9th Circuit: Appellate listens to Fed of SF’s account denial
On December 4, the U.S. Court of Appeals for the Ninth Circuit heard oral arguments in an appeal of a district court’s decision upholding the ...
American Banker5dOpinion
A federated digital dollar is key to sustaining US economic leadership
The U.S. is risking the status of the dollar as the world's reserve currency by delaying the launch of a central bank digital ...
The Federal Reserve cuts interest rates by another quarter point. Here's what that means for you
The central bank has now shaved a full percentage off its benchmark rate since September. Here’s what it means for your ...