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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5 days 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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1 week ago |
bankrate.com | Sheiresa McRae Ngo |Marc A. Wojno
The top yielding high-yield savings rate saw a slight decline last week to 4.40 percent APY (Openbank) from 4.45 percent APY (BrioDirect). The Federal Reserve’s next Federal Open Market Committee meeting will be held on May 6–7, where the Fed will decide whether to raise, lower or maintain its federal funds rate. Future yields depend on the next Fed decision.
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2 weeks ago |
bankrate.com | Matthew Goldberg |Marc A. Wojno
Customer satisfaction scores are on the rise at banks, J.D. Power latest study shows. Credit unions are, on average, showing higher customer satisfaction scores than at banks. But nearly one-third of credit union members under the age of 40 say they probably, or definitely, will close their account(s) at a credit union in the next 12 months due to fees they incurred.
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2 weeks ago |
bankrate.com | Sheiresa McRae Ngo |Marc A. Wojno
It’s an uneventful weekday, and you’re running a few errands during your lunch break. You decide at the last minute to run inside the bank to finally deposit that paper check you’ve had in your pocket for the past month, as well as review your checking account balance and perhaps inquire about opening a money market account. All is quiet. However, your banking experience takes an unexpected turn when the suspicious-looking customer in front of you passes a note to the teller.
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2 weeks ago |
bankrate.com | Marcos Cabello |Marc A. Wojno
Federal Reserve Chair Jerome Powell reaffirmed the central bank’s independence, resisting political pressure to lower rates until economic data justifies it. With no immediate rate cuts expected, high-yield savings accounts are still offering strong returns above 4 percent APY. Now is still a great time to open a new savings account with a competitive APY, low fees and minimal deposit requirements. Another week, another rattled market — at least that’s how it seems to be going these days.
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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
Here’s a Spring cleaning tip: tidying up isn’t only for your closet—your bank accounts may need decluttering too. Find out how fewer accounts may equal less stress. https://t.co/UQIiI3bcQQ
Tariffs, inflation, economic uncertainty—the time is now to let your cash grow. HYSAs offer solid APYs and peace of mind. Is your savings account working hard for you? https://t.co/tGHgX6eBZy
