How to Earn More Interest on Your Savings In 2025
In the current climate of rock-bottom interest rates, is there a way for you to find a higher return on your savings? You may be pleasantly surprised by some of these options.
Moneyrates Search Results - How to Earn More Interest on Your Savings
Understanding Your 401(k): A Comprehensive Guide to Retirement Savings
There are a lot of reasons why it’s important to plan for financial security in retirement, but one of the main goals is to build enough wealth that you have plenty of money to truly enjoy your golden years. Wealth planning for retirement not only helps improve your financial stability during your senior years, but… Continue reading Understanding Your 401(k): A Comprehensive Guide to Retirement Savings
CD or Savings Account? Which One Should You Choose in 2025?
The high interest rates that held strong throughout the past few years have been good news for savers. Strategic shifts in federal monetary policy at the end of 2024 pushed interest rates downward, but they are still expected to be elevated throughout the year, making 2025 yet another good year for savers. Certificates of deposit… Continue reading CD or Savings Account? Which One Should You Choose in 2025?
How Savers Can Adjust to the Fed Lowering Interest Rates
Monetary policy in the United States is dictated by the Federal Reserve, the country’s central bank. One of the Fed’s primary goals is to moderate interest rates to stabilize rising inflation and spur employment. In September, the Fed initiated a .50% rate cut in the federal funds target, the first time the Fed cut interest… Continue reading How Savers Can Adjust to the Fed Lowering Interest Rates
Here’s How Much You’ll Earn in a Year If you Invest $10,000 in a CD Now
After 11 interest rate hikes between early 2022 and mid-2023, the Federal Reserve lowered the interest rate earlier this fall. The Federal Funds Target Rate spiked from a meager .25% in 2020-22 to 5.5%, and it remained there for more than a year until it was lowered by 0.5% in September 2024. Those high interest… Continue reading Here’s How Much You’ll Earn in a Year If you Invest $10,000 in a CD Now
Is Saving $1,000 a Month Good? A Clear Guide to Your Financial Future
If you’re starting to save for one or more financial goals or just want to make sure you’re saving enough, you might be asking yourself if saving $1,000 a month is good. While it is good to save, a more personal analysis will help you see if it puts you on track to hit your… Continue reading Is Saving $1,000 a Month Good? A Clear Guide to Your Financial Future
How Much Money Should You Keep in Your Checking Account?
A checking account can help you cover your bills and manage your everyday expenses. If you have one, you might wonder how much money to keep in it. The goal is to ensure you have enough funds to cover your day-to-day bills but not too much that you miss out on potential higher returns elsewhere.… Continue reading How Much Money Should You Keep in Your Checking Account?
Why I’m Using Brokered CDs to Earn More Interest
If you’re looking for a better way to save and grow your money, you could try a high-yield savings account or traditional CDs. However, if you’re comfortable with a little risk, you might consider a brokered certificate of deposit (CD) account instead. What Are Brokered CDs? Brokered CDs are time deposit accounts that are sold… Continue reading Why I’m Using Brokered CDs to Earn More Interest
Minding Your Bank: Why You Have to Be Careful When Your CD Matures
Certificates of deposit (CDs) appeal to many savers and investors because they offer fixed returns with almost none of the potential risk factors associated with other types of investments. The Federal Deposit Insurance Corp. also insures CDs for up to $250,000. Certificates of deposit have grown in popularity in recent years as the Federal Reserve… Continue reading Minding Your Bank: Why You Have to Be Careful When Your CD Matures
Boost Savings and Stay Motivated by Putting Your Money into Buckets
Whether you’re new to saving money or looking to improve your strategy, categorizing your savings is a brilliant way to visualize your financial goals. Also known as bucketing, this concept allows you to organize your financial goals and save for a variety of short- and long-term goals. Learn how splitting your savings into buckets works… Continue reading Boost Savings and Stay Motivated by Putting Your Money into Buckets