CD laddering is the process of spreading cash across various CD maturity terms and rates. Learn more about CDs and laddering to elevate your savings strategy.
You might have heard of the term compound interest before and the benefits it can have on your finances. A compound interest account is any account that pays you interest on your principal and interest, not just your original deposit.
The Federal Reserve's Federal Open Market Committee (FOMC) lowered the benchmark federal funds rate one-half percentage point. It was the first rate cut since the Fed raised the funds rate aggressively from March 2022 to July 2023. The long-awaited policy shift suggests that a soft landing — the rare feat of bringing down inflation without causing a recession — is in sight.
CD laddering is the process of spreading cash across various CD maturity terms and rates. Learn more about CDs and laddering to elevate your savings strategy.
Regardless if you’re just starting out, starting over, or are somewhere in between, it’s important to include saving for the future as part of your financial plan. Designed to safeguard your money until you need it, a savings account is a secure place to deposit your money while building up your savings over time.
Being able to send your child to college is near the top of the wish list for most parents. But, that diploma doesn't come cheap. The best thing to do is to start saving as early as possible, even if you're able to save only a small amount at first. Read more about college savings strategies.
The 2024-2025 school year is quickly approaching, which means school supply shopping is also on the horizon. A new report indicates that parents of school-aged children or college students, are expected to pay an average of $541 this year on supplies and clothing.