Skip to content

Benjamin Locke

articles from Benjamin

327 posts

Hometap Seeks First Rated HEI RMBS As Early As This Year

Published 01/31/2024 by Benjamin Locke

Hometap, a leading home equity investment company, is gearing up to launch its first rated securitization backed by home equity investments, marking a significant step in bringing niche financial products into the mainstream investment arena.

Chime’s “Chime in for Changemakers” initiative celebrates and supports individuals and organizations effecting positive change in their communities. Highlighting examples like EatOkra and WeThrive, the program focuses on empowering community leaders and fostering economic empowerment and justice.

Chime, a popular banking app, partners with AKQA as its integrated marketing agency to expand its brand recognition and innovate in financial services.

As of January 15th, 2024, high-yield checking accounts continued to perform well, keeping their APY at 7.23%. This could be seen as a positive effect of the Federal Reserve’s economic policies.

Current CD Rates (Week Of January 15th, 2024)

Published 01/31/2024 by Benjamin Locke

In the week of January 15th, the Certificate of Deposit (CD) market continued its trend of remarkable consistency, mirroring the broader economic climate. This stability, especially in longer-term investments, highlighted a cautious yet forward-looking stance, in tune with current economic trends and future policy expectations.

In the financial week starting on November 20th, the third week of November, the landscape of checking account interest rates witnessed notable changes. High-yield checking accounts observed an increase in their highest Annual Percentage Yield (APY) from 6% to 7.23%, marking a substantial rise of +1.23 percentage points. This shift underscores the dynamic nature of interest rates, heavily influenced by various economic factors, including recent decisions by the Federal Reserve.

Moving into the week of January 15th, 2024, high-yield savings accounts sustained their appealing Annual Percentage Yield (APY) of 6.17%, and money market accounts kept their competitive high APY of 5.46%. The steady rates of these financial products highlight their enduring allure in the prevailing economic climate.

Current Savings Account Rates (Week Of January 1st, 2024)

Published 01/31/2024 by Benjamin Locke

As the first week of January 2024 unfolded, high-yield savings accounts upheld their leading Annual Percentage Yield (APY) at 6.17%, and money market accounts consistently presented a maximum APY of 5.46%.

Current CD Rates (Week Of January 1st, 2024)

Published 01/31/2024 by Benjamin Locke

On January 1st, the Certificate of Deposit (CD) market demonstrated notable stability, a trend reflective of current economic conditions. The majority of CD terms maintained their rates without any change. This steadfastness, in most terms, indicates a cautious approach by financial institutions in response to the broader economic environment.

During the initial week of January 2024, the resilience of high-yield checking accounts was prominently displayed, with the Annual Percentage Yield (APY) remaining at 7.23%. This persistent stability in the financial realm reflects the influence of the Federal Reserve’s economic policies.