Category: Banking

The Best No-penalty CDs of April 2023

Our experts answer readers’ banking questions and write unbiased product reviews (here’s how we assess banking products). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page. Most CDs charge you a fee if you need to withdraw money from your account before it matures. But with a no-penalty CD, you…

The Best 5-year CD Rates for April 2023

Our experts answer readers’ banking questions and write unbiased product reviews (here’s how we assess banking products). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page. The national average APY (Annual Percentage Yield) on a 5-year CD is 1.35% APY. However, the best 5-year CD rates offer up to 4.50%…

A bank manager wins $370,000 after a panel of judges says she would’ve likely been promoted if it weren’t for...

A panel of judges unanimously concluded a former female employee at Commerzbank would have likely been promoted if not for illegal sex discrimination. Shutterstock An ex-employee of Germany’s Commerzbank will get $370,000 after judges say sex discrimination likely cost her a promotion. Jagruti Rajput was deputy head of markets compliance in the bank’s London office but says a male colleague was treated as the senior…

It’s official: UBS to acquire Credit Suisse in historic rescue deal

UBS is said to be offering up to $1 billion for Credit Suisse. Getty Images UBS will take over Credit Suisse, the Swiss National Bank said Sunday. UBS had been in talks this weekend about buying some or all of its troubled Swiss rival. Swiss regulators are planning emergency changes to regulations so it can avoid a shareholder vote on the deal. UBS will take…

Cratering Silicon Valley Bank’s troubles could be the first sign of a new financial crisis. Here’s what Burry, Ackman and...

Silicon Valley Bank. Rafael Henrique/SOPA Images/LightRocket via Getty Images Cratering Silicon Valley Bank’s troubles could be the first sign of a new financial crisis. Debate is surrounding the US banking system amid contagion fears from the fallout.  Here’s what Bill Ackman, Michael Burry, Mohamed El-Erian and other top voices had to say. SVB Financial’s stock crashed 60% on Thursday, sending shockwaves through the stocks of…

I’m a financial planner, and I can tell you inflation means you’re losing money by keeping it in a CD...

Insider’s specialists select the perfect merchandise and companies to assist make good choices together with your money (here’s how). In some instances, we obtain a fee from our partners, nonetheless, our opinions are our personal. Terms apply to provides listed on this web page. The writer, Hanna Horvath. Courtesy Hanna Horvath With inflation high and rates of interest on the rise, parking your money in…

The Best 5-Year CD Rates for February 2023

Insider’s specialists select the perfect services and products to assist make good selections along with your cash (here’s how). In some instances, we obtain a fee from our partners, nonetheless, our opinions are our personal. Terms apply to affords listed on this web page. As of January 2023, the nationwide average APY (Annual Percentage Yield) on a 5-year CD is 1.21% APY. However, the perfect…

Here’s how much the typical American has saved in money, at every age

Insider’s specialists select the finest services to assist make sensible choices together with your cash (here’s how). In some circumstances, we obtain a fee from our our partners, nevertheless, our opinions are our personal. Terms apply to affords listed on this web page. Americans underneath the age of 25 had a median stability of $10,200 in their financial institution accounts in 2016; the common financial…

The average American savings balance by age, household measurement, and education level

Insider’s specialists select one of the best merchandise and companies to assist make good selections along with your cash (here’s how). In some circumstances, we obtain a fee from our our partners, nevertheless, our opinions are our personal. Terms apply to affords listed on this web page. Older Americans are likely to have extra cash within the financial institution than youthful Americans. Maskot/Getty Data from…

The best 6-month CD rates of November 2022

Insider’s consultants select the best services to assist make good selections along with your cash (here’s how). In some instances, we obtain a fee from our our partners, nonetheless, our opinions are our personal. Terms apply to provides listed on this web page. As of November 2022, the nationwide common APY (Annual Percentage Yield) on a 6-month CD is 0.42%, in response to the FDIC….

Warren Buffett’s Berkshire Hathaway reveals it sold about $4 billion of US Bancorp stock – and likely scored a $600...

Warren Buffett. AP Images Warren Buffett’s Berkshire Hathaway sold over 60% of its US Bancorp stock for about $4 billion. The investor’s firm has slashed its stake within the financial institution from practically 10% to underneath 4% this yr. Berkshire was a web purchaser of shares within the third quarter, however it has trimmed positions akin to BYD. Warren Buffett’s Berkshire Hathaway has cashed in…

The best 5-year CD rates for November 2022

Insider’s specialists select the best services and products to assist make sensible choices along with your cash (here’s how). In some instances, we obtain a fee from our our partners, nevertheless, our opinions are our personal. Terms apply to gives listed on this web page. As of November 2022, the nationwide common APY on a 5-year CD can be 0.83%, based on the FDIC. However,…