Archives : Mar-2022

Updated on Tuesday, March 29, 2022 Most Americans tend to invest with the primary goal of a comfortable retirement, but some younger investors want to get rich — and invest accordingly. MagnifyMoney surveyed nearly 1,300 Americans to get the pulse of investors, from strategies to behaviors, across different generations. We […]

Updated on Monday, March 21, 2022 Paid time off (PTO) is an important consideration for workers, especially during a pandemic. MagnifyMoney surveyed more than 1,300 consumers to see who has PTO, how they get it, and how they use it. Amid a pandemic that poses new physical and mental health […]

Updated on Tuesday, March 15, 2022 The federal funds rate is the interest rate at which depository institutions, like banks and credit unions, lend each other their excess reserves overnight. The Federal Open Markets Committee (FOMC) of the U.S. Federal Reserve sets the federal funds rate as part of its […]

Since time immemorial, the intellectual and maestro writers have made us acquainted with the truth through their stories. Be it Shakespeare’s plays or Hemingway’s novels, they all have compelled us to dive into the opulence of their narratives and scrabble around their depths before enlightening the truth inside of us. […]

Updated on Friday, March 11, 2022 Jumbo certificates of deposit (CDs) offer a cautious way to save large sums of money. Like traditional CDs, jumbo CDs feature a predetermined interest rate and term length, as well as early withdrawal penalties. The key difference is that jumbo CDs require much higher […]

Updated on Tuesday, February 8, 2022 Checking accounts are a safe and convenient place to store your money for everyday financial transactions, allowing you to withdraw funds to make purchases or to get cash from ATMs whenever you’d like. Many checking accounts have different types of fees, but some financial […]