Category: Saving & Banking
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Americans are owed about $70 billion in unclaimed cash, free to search
Somewhere in a state office, there may be money with your name on it. Across the country, states and some federal agencies are holding roughly $70 billion in cash that belongs to ordinary people who simply lost track of it. Checking whether any of it is yours costs nothing, and the search takes only a…
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Babies born from 2025 through 2028 can get a $1,000 government deposit in a new Trump Account
A baby born in 2025 or later can now start life with $1,000 already invested in her name, courtesy of the federal government. The catch is that the money does not show up on its own. A parent has to claim it, and right now millions of families either have not done so yet or…
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Two credit unions are automatically refunding overdraft and NSF fees, and members don’t have to file a claim
Overdraft and bounced-check fees are among the most resented charges in banking, so it is worth noting when members get some of that money back. Two credit unions have agreed to settle claims that they charged improper overdraft and non-sufficient-funds fees, and the standout feature for affected members is what they do not have to…
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A payable-on-death name on a bank account skips probate for your heir
One of the most useful estate-planning tools costs nothing, takes a few minutes at the bank, and spares your family a slow, public court process after you die. It is a payable-on-death designation, and adding one to a checking, savings, or CD account lets the money pass straight to the person you name, without a…
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Some banks are quietly cutting savings rates, so locking a one-year CD near 4.4% now can protect your yield
The best savings rates in years have been quietly slipping, and the accounts paying them are usually the ones that let you walk away anytime. That flexibility is nice until the rate drops out from under you. For savers who do not need every dollar liquid, locking part of a cushion into a one-year certificate…
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The average savings account pays 0.38% while the best CDs still top 4%, a gap quietly draining savers
Two savers can hold the exact same $10,000 and earn wildly different amounts on it, and the only difference is where the money sits. The typical savings account in America pays a rate so low it barely registers, while the best certificates of deposit still pay more than ten times as much. That spread is…
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One in seven Americans has a share of $70 billion in unclaimed cash, and MissingMoney.com is the only free search
Somewhere in a state government’s hands there may be money with your name on it: a forgotten deposit, a final paycheck, an insurance payout, a utility refund that never reached you. Officials estimate about $70 billion in unclaimed property is sitting unclaimed nationwide, belonging to roughly one in seven Americans. The good news is that…
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Cash App is mailing part of a $120 million refund fund to customers it left exposed to fraud, and no claim is needed
If you used Cash App and ever ran into an unresolved fraud problem, a check may already be on its way to you, and you do not have to sign up, file a form, or click anything to get it. A federal order requires Cash App’s parent company to set aside as much as $120…
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The FTC is paying University of Phoenix students by Zelle, and valid borrower-defense claims bring full loan cancellation
A new primary record puts the FTC’s University of Phoenix refund distribution into practical household terms. Timing, eligibility and remedy determine whether the FTC’s University of Phoenix refund distribution changes a real budget. The official details of the FTC’s University of Phoenix refund distribution are now clear enough to verify. Zelle payments target people who…
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Capital One’s old 360 Savings once paid 0.30% against 4.35% next door, and on August 4 the rates finally matched
For households following Capital One’s legacy savings account finally received the rate treatment at the center of its lawsuit, the key issue is where the money moves and which official record controls. The latest primary record supplies a concrete answer about Capital One’s legacy savings account finally received the rate treatment at the center of…
