Category: Banking
Secrets from a Bank Teller: 10 Insider Tips Banks Keep Quiet About Wealth Building
Banks are something every adult has to deal with, but it can often feel like we’re not handling them correctly. Rachael P., a bank teller with over a decade of experience, has seen it all when it comes to people and their money. Through her years of depositing checks and helping people secure better interest…
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July 2024 Synchrony Bank CD Interest Rates
### Current Synchrony Bank CD Rates Synchrony Bank offers four types of Certificates of Deposit (CDs), each with different rates. Here’s a breakdown: #### Standard CD Rates Synchrony Bank’s standard CDs come in 14 different term lengths with no minimum deposit required. Here are the current rates: – 3 months: 0.25% APY – 6 months:…
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As a Finance Expert: Four Situations to Avoid Using an ATM
For those who were accustomed to visiting their banks in person to withdraw or deposit money, ATMs seemed like a miracle. They offer the convenience of accessing cash on the go, making it easy to avoid long waits at the bank or grab some extra money for a night out. Nowadays, most people take ATMs…
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Your Essential Guide to Washington Federal’s Routing Number
Your checking account has two important numbers: your account number and your routing number. The account number is assigned by the bank when you open an account and is used to identify you and process your transactions. The routing number identifies the bank itself. Both numbers are needed for setting up certain payments and deposits,…
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Calculating the Annual Earnings on a $10,000 Certificate of Deposit
### Current Interest Rates on CDs CD interest rates have seen a significant rise over the past year, in line with the prime interest rate set by the U.S. Federal Reserve. As of March 2024, the national average interest rate for a 12-month CD is 1.81%, while a five-year CD averages at 1.38%, according to…
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16 Inclusive Credit Unions Open to All
Credit unions often cater to specific groups, like people who live, work, study, or worship in certain areas. They can also be open to those in specific industries or employed by certain companies. However, many local credit unions offer great in-person banking benefits and extensive member perks. ### 16 Easiest Credit Unions To Join While…
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Evaluating the Value of CDs: Are They Still a Smart Choice?
If you have some extra money to invest, you might be considering a certificate of deposit (CD). If you’re aiming for a higher interest rate than a savings account, a CD could be a good option. However, there are some potential downsides to consider. Let’s explore whether investing in a CD is right for you.…
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Are Banks Operating Today? Complete Guide to 2024 Bank Holidays
Not knowing which banks are open on holidays can be really frustrating, especially when you need to deposit a check or ask about a loan, only to find out your branch is closed. Since banks are private businesses, they can choose their own hours, including weekends. However, almost all banks in the U.S. close for…
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Top 6 Savings Accounts Offering High Interest Rates and Minimal Fees
1. UFB Secure Savings UFB Direct offers a Secure Savings account with an impressive 5.25% annual percentage yield (APY). You don’t need to maintain a minimum balance, and you can open the account without any initial deposit. There are no monthly fees, and you get an ATM card, unlimited transfers, and access to popular mobile…
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Choosing Venmo or Its Alternatives: An In-Depth Comparison of Money Transfer Apps
Peer-to-peer payment apps are becoming increasingly popular. PayPal, for instance, saw a 12% rise in transactions from 2022 to 2024, with 6.8 billion transactions in the last quarter of 2023 alone. Venmo, owned by PayPal, is also growing rapidly, with over 78 million users. It’s common to hear people say, “I’ll Venmo you,” whether they’re…
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