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On The Money — Bank chiefs under fire for low savings interest rates
The Hill via Yahoo News· 2 years agoLawmakers want to know why interest rates on savings accounts aren’t rising as fast as the Federal...
How the Federal Reserve impacts savings account interest rates
Bankrate via AOL· 2 weeks agoWhen the Federal Reserve changes interest rates, consumers feel the ripple effects in all sorts of...
3 major US banks are hiking their prime rates by 75 basis points — and are now at the highest levels...
MoneyWise via Yahoo Finance· 2 years agoThe cost of borrowing money has rapidly escalated this year. The U.S. Federal Reserve raised its...
Will banks finally have to pay you more for your savings?
The Wall Street Journal via Yahoo Finance· 2 months agoFor all the talk about rising deposit costs, the typical bank isn’t yet paying much on things such...
How To Calculate Interest in a Savings Account
GoBankingRates via AOL· 1 year agoThe average savings account annual percentage yield in April 2023 is only 0.39%. This number includes low interest rates from traditional banks as well...
Why JPMorgan Chase Stock Sank 6% Today
Motley Fool via Yahoo Finance· 2 months agoStock of JPMorgan Chase & Co. (NYSE: JPM) -- America's biggest bank both by revenue and by market cap -- is tumbling on Friday, down 5.8% through 11:05...
JPMorgan Chase Expects Surging Credit Card Losses to Stay Below Pre-Pandemic Levels
Motley Fool· 1 year agoJPMorgan Chase (NYSE: JPM), the largest U.S. bank by assets and a top credit card lender, expects...
4 Things You Need to Know if You Buy Bank of America Stock Today
Motley Fool via Yahoo Finance· 6 months agoBank of America (NYSE: BAC) is one of the largest banks in the U.S. It is also known for being one...
2 Reasons to Buy SoFi Stock Today -- and 2 Big Reasons to Be Cautious
Motley Fool via Yahoo Finance· 20 hours agoSoFi (NASDAQ: SOFI) is arguably the most successful banking disruptor to date. It is not only...
What is a jumbo CD? (Spoiler: Bigger isn't always better)
AOL· 1 month agoAre you looking to invest a large sum of money and earn a guaranteed return? A jumbo CD might be the...