Category: Savings
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Savings interest rates today, January 18, 2025 (best accounts offering 4.75% APY)
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The Fed cut its interest rate target three times in late 2024, meaning savings rates will fall from historic highs. It’s important to make sure you get the best possible rate when shopping for a savings account. Here’s a breakdown of today’s savings interest rates and where to find the…
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Savings interest rates today, December 29, 2024 (best accounts offering 4.35% APY)
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The Fed cut its interest rate target three times in late 2024, meaning savings rates will fall from historic highs. It’s important to make sure you get the best possible rate when shopping for a savings account. Here’s a breakdown of today’s savings interest rates and where to find the…
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Savings interest rates today, December 28, 2024 (best account provides 4.30% APY)
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The Federal Reserve cut its target interest rate three times in late 2024, meaning interest rates on savings will fall. So it’s important to make sure you get the best possible rate when shopping for a savings account. Here’s a breakdown of today’s savings interest rates and where to find…
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Savings interest rates today, December 22, 2024 (best accounts offering 4.75% APY)
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Interest rates on savings accounts today are some of the highest we have seen in more than a decade due to multiple interest rate hikes by the Federal Reserve. However, the Fed finally cut its target interest rate three times in late 2024, meaning savings interest rates will fall. So…
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Ohio Man Loses Life Savings in $425K Crypto Scam—Here’s How It Went Down
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As the cryptocurrency market continues to offer lucrative opportunities for investors, it has also attracted malicious actors who are constantly devising new schemes to defraud inexperienced or novice investors. Latest press release by the US Department of Justice (DoJ) highlighted a recent example of such fraud. The report revealed that…
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Ohio Man Loses Life Savings in $425K Crypto Scam—Here’s How It Went Down
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As the cryptocurrency market continues to offer lucrative opportunities for investors, it has also attracted malicious actors who are constantly devising new schemes to defraud inexperienced or novice investors. Latest press release by the US Department of Justice (DoJ) highlighted a recent example of such fraud. The report revealed that…
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Company hopes ‘overtime savings’ benefit will boost employee retention among seasonal workers
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Companies that hire seasonal workers often have trouble retaining them, and for good reason. Fluctuating work hours can leave employees financially strapped during the off-peak season, giving them no choice but to look elsewhere for work. But one company is offering a new benefits program in hopes of solving this…
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Over half Israelis’ savings flow to S&P 500 in 2024
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Until three years ago, the S&P 500 Index, which comprises the largest companies in the US, was the province of expert investors in Israel. Barely 1% of the total amount of money invested for the long term was channeled to the US index, NIS 6 billion in total. A great…
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Over half Israelis’ savings flow to S&P 500 in 2024
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Until three years ago, the S&P 500 Index, which comprises the largest companies in the US, was the province of expert investors in Israel. Barely 1% of the total amount of money invested for the long term was channeled to the US index, NIS 6 billion in total. A great…
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Kenya Airways eyes over Sh200m savings from new building, diesel plant
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Kenya Airways (KQ) is looking to save more than Sh209 million from its newly launched thermal diesel and newly acquired Msferi building that is set to house its operations team, helping its efforts return to profitability after years of losses. The national airline has launched a thermal diesel production facility…
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Israelis’ long-term savings up 10% in 2023
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The public’s long-term retirement and savings assets rose by about 10% last year, reaching NIS 2.5 trillion, according to the comprehensive report published by the Capital Markets, Insurance and Savings Authority, headed by Amit Gal, for 2023. Last year was a turbulent one for Israelis and the Israeli economy, but…
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KQ targets up to Sh1bn savings as carrier switches to digitised passenger services
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The national carrier, Kenya Airways, is looking to achieve savings of up to Ksh1 billion by switching to digital passenger management systems. Kenya Airways Chief Information and Data Officer Frederick Gitonga revealed that the airline saved Sh300 million in 2023, by deploying technology solutions in key areas such as travel…
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Scrap 5p fuel duty cut as drivers miss out on savings, says RAC
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A royal advisory committee has called for the 5p fuel tax cut to be scrapped, claiming motorists are not benefiting as intended. Introduced in 2022 to ease the cost of living crisis, the cut is costing the Treasury £2bn a year but has failed to translate into savings at the…
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I spent Sh1m savings on a wedding, how can I raise money for a house and car?
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I am Wilson, 29 years old. I earn $1,237. I pay five percent withholding tax every month because the company is foreign and not registered in the country. So, they use another partner company that is registered locally. They receive dollars and pay me in Kenyan shillings at the current…
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Treasury urges Chancellor to target pension savings of 6m middle-class workers
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Rachel Reeves, Consultant Rachel Reeves will push to tap into the retirement savings of up to 6 million middle-class workers in plans Treasury officials presented ahead of her first budget. The Chancellor is expected to consider a proposal to cut pension tax to a flat rate of 30% – meaning…