Changes have come to effect to Federal Deposit Insurance Corporation (FDIC) coverage. The FDIC adopted a new rule on April 1, 2024, to simplify insurance coverage for beneficiaries, more specifically for formal or informal trust accounts. What does the new trust account rule do? The change combines revocable and irrevocable trusts into one ownership category. …
FDIC Insurance Trust Accounts Update: What You Should Know Read More »
The Federal Reserve has been hiking federal funds rates since 2022 – a total of 11 rate hikes, a solution the central bank hopes can slow down the economy enough to moderate price growth. In 2023, more financial institutions were offering CDs and competition continued to grow which has been good for savers. In 2023, …
2023: Year of the CD (Certificates of Deposit) Comeback Read More »
As Certificates of Deposit (CDs) become a popular savings strategy due to rising interest rates – the highest they’ve been in 22 years – it’s left many wondering how they can utilize CDs to optimize their savings in today’s current economy. Joining CNBC’s Your Money session, “The Untapped Savings Opportunity You’re Missing,” CD Valet Founder …
CNBC Your Money: The Untapped Savings Opportunity You’re Missing Read More »
