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 […]

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 […]

Part-time jobs can serve as an opportunity to do what you’re passionate about and if not passionate then at least get paid up for a part-time job and pay off the student loan or cover up your shopping/party expenses. Here we are offering you the best available sources for a […]

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 […]

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 […]

Will Let Shoppers Pay Merchants by Holding Phones Together Apple said it plans to introduce a contactless payment option later this year that will let businesses use iPhones to process transactions in stores without any additional hardware, competing with services like Square. The new “Tap to Pay” feature will allow […]

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 […]

The never-ending struggles of a valiant single mother are something that the United States of America is very much aware of. According to the 2017 U.S. Census Bureau, out of about 12 million single parent families with children under the age of 18, more than 80% are headed by single […]