Main Street Dollars

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The House has passed a revised version of the Common Cents Act, H.R. 10167, which would end production of the penny and round cash purchases to the nearest five cents. The House acted by voice vote on Sept. 15, 2026. The bill is not law: no signing had been reported as of Sept. 30. Where…

Discover cardholders moving to Capital One can no longer put rewards toward minimum payments

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Discover cardholders whose accounts are converted to Capital One will no longer be able to put rewards toward a minimum payment. The change comes from the Discover integration FAQ, which says flatly that “rewards cannot be applied toward your minimum payment.” The conversion runs in waves through early 2027, so the practical effect will land…

Marcus pays 4.30% on a nine-month CD but only 3.90% for a year

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in CDs & Yields

A nine-month certificate of deposit at Marcus by Goldman Sachs pays 4.30% APY, while the twelve-month CD pays only 3.90%, so three extra months of waiting are rewarded with a rate 0.40 percentage points lower. The rates come from Marcus’s own CD page, which was dated Sept. 29, 2026 when it was read on Sept.…

E*TRADE pays 4.25% for six months on new Premium Savings money, plus bonuses up to $800 through Jan. 10

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in Checking & Savings

E*TRADE, part of Morgan Stanley, is advertising a 4.25% annual percentage yield on new money in its Premium Savings account for the first six months, plus cash bonuses of up to $800 on large deposits, through Jan. 10. As of Sept. 30, 2026, the bank’s own page still showed those terms. The 4.25% is a…

Old Glory Bank is operating under an FDIC order with $268.7 million in deposits and just $7.5 million in capital

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in Checking & Savings

Old Glory Bank, based in Elmore City, Oklahoma, is operating under an FDIC order. The bank reported $268.7 million in deposits and $7.5 million in Tier 1 capital on its June 30, 2026 call report. It remains open, and its deposits stay covered by FDIC insurance up to the standard $250,000 limit. A supervisory directive,…

Two-year personal loans at banks average 11.86%, about half the 22.15% charged on credit card balances, Fed data show

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Commercial banks charged an average of 11.86% on 24-month personal loans, and 22.15% on credit card balances that were assessed interest, according to the Federal Reserve’s G.19 consumer credit release of Sept. 8. The personal loan rate is 53.5% of the card rate, a gap of 10.29 percentage points. The two figures come from different…

Bank of America’s home equity line jumps to 8.525% after its six-month 5.74% intro rate, with prime at 7%

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Interest on a fully drawn $50,000 home equity line at Bank of America works out to about $239 a month at the 5.740% introductory rate and about $355 a month at 8.525%, the rate the bank’s page lists after six months. That is a $116 monthly jump on the same balance. The page dates the…

Money market funds yield about 3.65%, while bank money market accounts pay 0.63%

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in Checking & Savings

Bank money market accounts pay an average of 0.63%, according to the national rate series built from FDIC data. Money market funds, a different product with a similar name, are yielding about 3.65% on Crane Data’s index of 100 large funds. The gap is 3.02 percentage points, and the fund side comes with a disclosure…

Chase’s own formula puts its top Freedom Unlimited card rate at 27.99% now that prime has risen to 7%

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Seven plus 20.99 equals 27.99. That sum is the top variable rate on the Chase Freedom Unlimited card once prime is 7%, using the margin and formula printed on Chase’s own card page. The page itself still showed the older 6.75% prime when it was read on Sept. 29, so the 27.99% figure is arithmetic…

Six-month Treasury bills paid savers 4.44% at Monday’s auction, up from 4.02%

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