Category: Saving & Banking
-
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…
-
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…
-
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…
-
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…
-
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…
-
22.15% is the average rate on credit cards carrying a balance, and 90-day delinquencies are at a 15-year high
Credit-card debt is expensive even before a missed payment adds fees and credit damage. The average annual rate on bank card accounts that actually incurred interest was 22.15% in the second quarter, while serious delinquencies reached a level last seen fifteen years ago. Those two measures describe different stages of the same squeeze. The 22.15%…
-
Miss the September 14 deadline and your share of SunTrust’s $240 million overdraft settlement stays with the bank
This settlement does not pay eligible people automatically. A Georgia customer who ignores the notice gives up the payment, releases the covered claims anyway, and leaves the account’s allocation with SunTrust. September 14 is therefore a real money deadline, not an administrative suggestion. The class is narrower than “anyone charged an overdraft fee” The lawsuit…
-
University of Phoenix borrowers can still seek full loan forgiveness, even after taking the FTC settlement money
Cashing a settlement check normally costs you something. In most consumer cases the money arrives attached to a release, and taking it closes the file for good. The University of Phoenix payments do not work that way, and the Federal Trade Commission now says so twice on the same page: once for people whose loan-forgiveness…
-
Banks and credit unions took more than $12 billion in overdraft fees last year with no federal cap
A lot of households came out of 2024 believing overdraft fees had finally been capped by federal rule. A rule really was written, finalized and published, with an effective date sitting on the calendar. It never took effect. There is still no federal limit on what a bank or credit union may charge you when…
-
$5 billion in unclaimed property sits in Pennsylvania, owed to one in ten residents
Start with the odds, because they are better than almost any other place you could look for money. In Pennsylvania, more than one out of every ten residents is owed cash the state is holding and actively trying to give back. Not a lottery ticket, not a sweepstakes: real dollars from old accounts and uncashed…