Savers may want to lock in high interest rates for the long haul before they likely head lower later this year. But is 100 years too long? Concord, New Hampshire-based Walden Mutual Bank is finding out. The financial institution is offering a100-year Local Impact Certificate of Deposit (CD) paying a fixed 4.75% annual interest rate.
Two months ago, Jacksonville ranked in personal finance company WalletHub’s top 10 U.S. cities where residents are the most financially stressed. Just last week, Florida ranked in Forbes Advisor’s top 10 states where it’s most difficult for residents to save money and the Miami metro area ranked in the top five metro areas where it’s
Federal pandemic relief measures brought in $178 million to Knox County Schools. The money paid for technology upgrades, tutors and career empowerment. But the Elementary and Secondary School Emergency Relief Fund expires this year, and school districts around the country have to make decisions about what programs to continue when only local and state taxpayers
With inflation picking up again and highly anticipated Federal Reserve interest rate cuts delayed, it may be a good time for Americans to tweak their investment and retirement portfolios, financial advisers say. While U.S. rate cuts are on hold, the European Central Bank (ECB) suggested last week that its first rate cut could come in
A Nebraska man operated a large-scale “cryptojacking” scheme that defrauded cloud computing service providers out of more than $3.5 million worth of services, the U.S. Attorney’s Office said Monday. Charles O. Parks III, 45, also known as “CP3O,” has been charged with wire fraud, money laundering, and engaging in unlawful monetary transactions in connection with
Student loan season, also known as when students file for financial aid, looks a little different this year. Some changes to application forms and deadlines for the 2024-2025 academic year can bring confusion, and scammers can take advantage of those who are clouded with it. The Biden administration announced a student loan forgiveness program near
This week, the Biden Administration announced a plan to cancel $7.4 billion in student loans for 277,000 borrowers. The U.S. Department of Education reports that Texans have the second-highest amount of student debt, behind Californians. 3.8 million students owe $33,400 on average. Fewer than 20% of Texas borrowers are on an income-driven repayment plan. Here’s
A clever stock ticker is more than just a gimmick. Whether it’s WOOF, EAT, or even the initials of a former president, a memorable stock symbol can help companies attract investors. One 2006 study from Princeton University psychologists found that stocks with ticker symbols that are easier to pronounce tend to perform better in the
Spring cleaning can mean tidying up your wallet or pocketbook, as well as your closet. In the spirit of renewal, here are 12 financial moves you should make this spring. Some are annual rituals, or should be. Others are tasks we tend to put off, but shouldn’t. 1. Revisit your resolutions Many of us set
Florida’s most used home insurance company Citizens announced it will begin shedding plans next week. Although more Floridians use Citizens than any other insurance provider at 1.171 million, it’s not a choice as those property owners are unable to buy policies elsewhere. Legislation is working through the Florida Legislature to reduce its rolls even further