Friday, 7 October 2022

All posts by Szemere

Best CD Rates in April 2022
16 Apr
12:53

Best CD Rates in April 2022

Updated on Wednesday, April 13, 2022 Certificates of deposit (CDs) are safe, conservative savings vehicles that lock up your money for a guaranteed return after a set term duration. We’ve compiled the highest CD rates today for many terms. PenFed Credit Union was selected as the best overall financial institution […]

Every Generation’s Top Investing Goal Is Retirement, But Younger Americans Have an Eye on Getting Rich
29 Mar
1:09

Every Generation’s Top Investing Goal Is Retirement, But Younger Americans Have an Eye on Getting Rich

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 […]

45% of Americans Have Gone to Work Sick Due to a Lack of Paid Time Off
21 Mar
4:30

45% of Americans Have Gone to Work Sick Due to a Lack of Paid Time Off

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 […]

10 Best No-Penalty CD Rates in 2022
16 Mar
3:09

10 Best No-Penalty CD Rates in 2022

Updated on Wednesday, March 16, 2022 CDs, or certificates of deposit, work under an easy-to-understand premise: You agree to place your money with a bank or credit union for a set amount of time, during which it will earn interest. At the end of the period, you get your money […]

What is the Federal Funds Rate?
15 Mar
6:50

What is the Federal Funds Rate?

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 […]

The Best Jumbo CDs in March 2022
11 Mar
1:49

The Best Jumbo CDs in March 2022

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 […]

The 10 Best Free Checking Accounts March 2022
01 Mar
2:49

The 10 Best Free Checking Accounts March 2022

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 […]

72% of Six-Figure Earners Are Men, While 57% of Workers Earning Less Than $25,000 Are Women
28 Feb
8:09

72% of Six-Figure Earners Are Men, While 57% of Workers Earning Less Than $25,000 Are Women

Updated on Monday, February 28, 2022 It’s no secret that women earn less than men. According to the newest MagnifyMoney study on the gender pay gap, women are disproportionately represented in the lowest income tier and underrepresented in the highest. In fact, 72% of workers who earn six-figure salaries or […]

24 Feb
9:59

Best Online Banks in 2022

Updated on Wednesday, February 23, 2022  Online banks offer low fees, exceptional interest rates, and 24/7 mobile access. Whether you’re looking to take your banking suite completely virtual, or just want your savings to earn the best online rate, we’ve got you covered with these top picks. We chose them […]

Half of Americans Are Living Paycheck to Paycheck
22 Feb
4:00

Half of Americans Are Living Paycheck to Paycheck

Updated on Tuesday, February 22, 2022 The good news about living paycheck to paycheck: You are earning paychecks. The bad news: There’s nothing left over after your expenses are paid, which can be earth-shattering if those paychecks stop coming. That’s the reality for many Americans, though, as 50% of working […]