Category: Saving & Banking
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Payable on Death: The Bank Form That Skips Probate
A payable-on-death designation sends your bank money straight to a named beneficiary and can raise FDIC coverage to $250,000 per beneficiary. How it works.
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New I Bond Rate Takes Effect May 1: Worth Buying Now?
I bonds bought May through October 2026 earn 4.26% for six months, with a 0.90% fixed rate for life. Here’s how the rate works and who should buy.
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What the Fed’s April Decision Means for Your Savings
The Fed held rates at 3.5%-3.75% on April 29 with four dissents. What the decision means for savings accounts, CD shoppers, and your next move.
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APY vs. Interest Rate: A Two-Minute Explainer
APY and interest rate are not the same number. Here’s the difference, the math behind compounding, and why the APY is the only number worth comparing.