Marc A. Wojno
Senior Banking Editor at Bankrate
I'm a senior editor for @Bankrate and member of the National Press Club by day, filmmaker, art connoisseur, music and aviation enthusiast by night.
Articles
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4 days ago |
bankrate.com | Sheiresa McRae Ngo |Marc A. Wojno
The Federal Reserve’s next Federal Open Market Committee (FOMC) meeting will be held on June 17-18, where the Fed will decide whether to raise or maintain its benchmark federal funds rate. The upcoming Fed meeting will determine which way yields are headed, but officials are already indicating that the Fed’s benchmark interest rate range will remain steady. The top yielding high-yield savings rate remains 4.40 percent APY (Openbank).
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1 week ago |
bankrate.com | Matthew Goldberg |Chris Kahn |Marc A. Wojno
Budgeting is the financial equivalent of eating your vegetables. It may seem unpleasant, even grueling, but it’s ultimately good for your financial health. Budgeting is also unpopular. Bankrate’s latest Money and Mental Health Survey shows that less than one-third (29 percent) of Americans reviewed their budget during a 30-day period between mid-February and mid-March.
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2 weeks ago |
bankrate.com | Marcos Cabello |Marc A. Wojno
High-yield savings accounts continue offering strong APYs above 4 percent. Moody’s credit rating downgrades of the U.S. government and a handful of major banks may fuel a Federal Reserve decision to keep rates unchanged in June. At least one Fed official is leaning toward just one rate cut this year at this point in time. It has become clear that annual percentage yields (APYs) are one of the few winners of today’s uncertain economy.
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2 weeks ago |
bankrate.com | Matthew Goldberg |Marc A. Wojno
The inflation rate for April rose to 2.3 percent, according to last week’s CPI release. That’s slightly less that what economists expected by 0.1-percentage point. The margin between inflation and the top-yielding savings account is now slightly wider, compared with the inflation rate in March of 2.4 percent. The top savings APY, as monitored by Bankrate, has outpaced inflation for 25 consecutive months.
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4 weeks ago |
bankrate.com | Karen Bennett |Marc A. Wojno
The Federal Reserve held its federal funds rate steady last week, marking the third straight meeting the rate has remained unchanged. The Fed’s rate pause could mean stability for high-yield savings account APYs. The top-yielding savings account rate holds steady this week at 4.40 percent APY, available from Openbank.
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With recession fears rising, it’s the right time to strengthen your savings. Here are 5 smart ways to prep your finances before things get even dicier. https://t.co/4IzKLyVSJ2
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