UK Savings Rates Surge Amidst Economic Headwinds
Current economic conditions in the UK are driving up interest rates on savings accounts, offering savers rates as high as 5% on easy-access accounts and 4.8% on five-year bonds, prompting a need to review personal finances before the 31 January tax return deadline.
UK Savings Rates Surge Amidst Economic Headwinds
Current economic conditions in the UK are driving up interest rates on savings accounts, offering savers rates as high as 5% on easy-access accounts and 4.8% on five-year bonds, prompting a need to review personal finances before the 31 January tax return deadline.
Progress
48% Bias Score
January Fed Meeting: Minimal Impact Expected on CD Interest Rates
The January 2025 Federal Reserve meeting is unlikely to significantly change CD rates, which currently offer competitive returns around 4.50%, providing a safer alternative to high-yield savings accounts in the face of economic uncertainty.
January Fed Meeting: Minimal Impact Expected on CD Interest Rates
The January 2025 Federal Reserve meeting is unlikely to significantly change CD rates, which currently offer competitive returns around 4.50%, providing a safer alternative to high-yield savings accounts in the face of economic uncertainty.
Progress
52% Bias Score
Record High French Savings in 2024: €16.8 Billion in Interest Payments
In 2024, French Livret A and LDDS accounts saw record interest payments of €16.8 billion due to net deposits of €21.42 billion, exceeding withdrawals, and reaching a total balance of €603.1 billion by December 31st, 2024. The 3% interest rate, coupled with economic uncertainty, fueled this increase.
Record High French Savings in 2024: €16.8 Billion in Interest Payments
In 2024, French Livret A and LDDS accounts saw record interest payments of €16.8 billion due to net deposits of €21.42 billion, exceeding withdrawals, and reaching a total balance of €603.1 billion by December 31st, 2024. The 3% interest rate, coupled with economic uncertainty, fueled this increase.
Progress
36% Bias Score
Short-Term CDs: A Strategic Savings Option for 2025
Short-term CDs offer flexibility, quick returns, and potential for future rate increases, benefiting savers seeking adaptability in 2025's volatile interest rate climate; a \$10,000, 6-month CD at 4.61% yields about \$230.
Short-Term CDs: A Strategic Savings Option for 2025
Short-term CDs offer flexibility, quick returns, and potential for future rate increases, benefiting savers seeking adaptability in 2025's volatile interest rate climate; a \$10,000, 6-month CD at 4.61% yields about \$230.
Progress
48% Bias Score
CFPB Sues Capital One for Allegedly Deceiving Consumers on Savings Account Interest Rates
The CFPB is suing Capital One for allegedly misleading consumers about savings account interest rates, resulting in over \$2 billion in lost interest; Capital One denies the allegations.
CFPB Sues Capital One for Allegedly Deceiving Consumers on Savings Account Interest Rates
The CFPB is suing Capital One for allegedly misleading consumers about savings account interest rates, resulting in over \$2 billion in lost interest; Capital One denies the allegations.
Progress
56% Bias Score
Long-Term CDs More Beneficial Than Short-Term in Early 2025
High-yield CD accounts offer attractive interest rates in January 2025, but rates are expected to drop later in the year, making long-term CDs a more valuable option for those who can afford to lock their funds.
Long-Term CDs More Beneficial Than Short-Term in Early 2025
High-yield CD accounts offer attractive interest rates in January 2025, but rates are expected to drop later in the year, making long-term CDs a more valuable option for those who can afford to lock their funds.
Progress
48% Bias Score
2025 Long-Term CD Rates: Online Banks Offer Significantly Higher Returns
In 2025, while average 3-5 year CD rates hover around 1.42-1.44%, online banks offer significantly higher rates (4.15%-4.25%) due to lower overhead, making timely investment crucial given the anticipated rate decline.
2025 Long-Term CD Rates: Online Banks Offer Significantly Higher Returns
In 2025, while average 3-5 year CD rates hover around 1.42-1.44%, online banks offer significantly higher rates (4.15%-4.25%) due to lower overhead, making timely investment crucial given the anticipated rate decline.
Progress
44% Bias Score
CD Rates Remain High in Early 2025, But Choices Abound
In early 2025, savers face a choice between relatively high-yield CDs and high-yield savings accounts, weighing the trade-off between fixed versus variable interest rates and the penalty for early CD withdrawals against their need for liquidity and risk tolerance.
CD Rates Remain High in Early 2025, But Choices Abound
In early 2025, savers face a choice between relatively high-yield CDs and high-yield savings accounts, weighing the trade-off between fixed versus variable interest rates and the penalty for early CD withdrawals against their need for liquidity and risk tolerance.
Progress
52% Bias Score
Federal Reserve Rate Cuts Dip CD Interest Rates
The Federal Reserve's three 2024 rate cuts lowered CD interest rates from approximately 5% to the 4-4.5% range, impacting short-term CDs most significantly, as banks adjusted deposit account rates and savers shifted to long-term options or high-yield accounts.
Federal Reserve Rate Cuts Dip CD Interest Rates
The Federal Reserve's three 2024 rate cuts lowered CD interest rates from approximately 5% to the 4-4.5% range, impacting short-term CDs most significantly, as banks adjusted deposit account rates and savers shifted to long-term options or high-yield accounts.
Progress
36% Bias Score
France Cuts Livret A Interest Rate to Boost Social Housing
The Banque de France Governor proposed lowering the Livret A interest rate to 2.4% and the LEP rate to 3.5% on February 1st, 2025, aiming to boost social housing and local authority financing, impacting 57 million Livret A holders and 11.8 million LEP holders.
France Cuts Livret A Interest Rate to Boost Social Housing
The Banque de France Governor proposed lowering the Livret A interest rate to 2.4% and the LEP rate to 3.5% on February 1st, 2025, aiming to boost social housing and local authority financing, impacting 57 million Livret A holders and 11.8 million LEP holders.
Progress
40% Bias Score
CFPB Sues Capital One for Allegedly Cheating Millions of Consumers Out of Billions in Interest
The CFPB is suing Capital One for allegedly defrauding millions of customers by failing to pay over \$2 billion in interest on its 360 Savings accounts between 2019 and mid-2024, while simultaneously offering a higher-yielding account, leading to a lawsuit seeking restitution for harmed consumers an...
CFPB Sues Capital One for Allegedly Cheating Millions of Consumers Out of Billions in Interest
The CFPB is suing Capital One for allegedly defrauding millions of customers by failing to pay over \$2 billion in interest on its 360 Savings accounts between 2019 and mid-2024, while simultaneously offering a higher-yielding account, leading to a lawsuit seeking restitution for harmed consumers an...
Progress
48% Bias Score
Fed's Slower Rate Cut Pace Creates Attractive Yields for Savers
The Federal Reserve's December meeting minutes indicate a slower approach to interest rate cuts in 2025, resulting in attractive yields on bank CDs (4.1%-4.25%) and high-yield savings accounts (4.5%-4.75%) for savers, despite some banks preemptively lowering rates.
Fed's Slower Rate Cut Pace Creates Attractive Yields for Savers
The Federal Reserve's December meeting minutes indicate a slower approach to interest rate cuts in 2025, resulting in attractive yields on bank CDs (4.1%-4.25%) and high-yield savings accounts (4.5%-4.75%) for savers, despite some banks preemptively lowering rates.
Progress
36% Bias Score