admin
Fed’s Interest Rate Hikes in 2022 & 2023 – What the May Raise Means for You
Quick Look The Fed raised interest rates by 25 basis points on May 3, 2023. Economists expected this, but there was more uncertainty around this hike than past ones. Due to the Fed’s raise in May 2023, interest rates on credit cards and mortgages increased. Savings account yields increased as well. The Fed hopes to … Read more
What Do Banks Do With Your Money?
The sudden collapse of Silicon Valley Bank in March 2023 was a sobering reminder that even the biggest banks can fail — and potentially take their customers’ deposits with them. The federal government stepped in to cover Silicon Valley Bank’s customers’ deposits, preventing large-scale deposit losses. But because SVB’s failure occurred in part because it … Read more
Gas Rewards Credit Cards — How to Get the Most Out of Them
You drive a lot. Maybe you have a long commute or use your car for work. Maybe you’re constantly ferrying your kids to and from school and extracurriculars. Maybe you’d take a well-routed road trip over a flight to your destination any day of the week. Or all of the above. Whatever the case, that … Read more