Marcus by Goldman Sachs increased tonight the annual percentage yield (APY) on its savings accounts to 3.75%.

During the week starting on February 6^th and ending on February 12^th, there were multiple changes to CD rates compared to the week prior.

Crescent Bank lowered their rates on long-term (24 to 60 months). The rates for these terms dropped by 5 percentage points. However, the rates for shorter-term CDs, such as 12-month and 18-month, remain the same at 4.60% and 4.65% respectively.

The S&P 500 recently achieved its first “golden cross” in 2½ years, but what does that mean for investors? The golden cross is a sign used by technical analysts that an upward trend in the market is gaining momentum. However, while the golden cross can precede gains in stocks over the next 6-12 months, it’s not a guarantee. Despite some positive signs in the market, like the advance-decline line reaching a new cycle high, and the strong performance of cyclical sectors, there is still uncertainty about monetary policy and the macroeconomic outlook. Technical analysts consider the golden cross as just one piece of the puzzle and use other indicators for confirmation.

AmeriSave Mortgage Corporation, a leading mortgage lender, has added personal loans to its offerings to help customers achieve their financial goals. Prospective borrowers can apply online for loans ranging from $5,000 to $50,000 with competitive interest rates, fixed payments, and no up-front fees. Personal loans can be used for debt consolidation, home improvements, or other expenses and are a smart option for those who don’t own a home or have enough equity for a secured loan. AmeriSave also offers home loans, mortgage refinance, HELOC, and life insurance.

Barclays has increased the maximum APY for its US Online Savings account to 3.60% APY.

During his State of the Union address, President Biden faced criticism from credit union trade groups over his characterization of certain fees as “junk fees.” The CFPB has proposed a rule to reduce credit card late fees to $8, but no final rule reducing overdraft fees has been adopted yet. The credit union groups argue that the term “junk fees” is too broad and does not take into account the financial services that consumers depend on.

The chairman of the Federal Reserve, Jerome Powell, recently stated that there may be a need for further interest rate increases to help control inflation and prevent borrowing costs from becoming too high. This is due to the strong job market in the country. If the job market continues to be strong, Powell said they may need to raise interest rates even more. This caused stocks and Treasury prices to initially go up, but later fall as investors realized that interest rates could still go higher.

Citi increased the APY for its Accelerate Savings Connect account to 3.85%.

OppFi, a mission-driven fintech platform offering digital specialty finance products to help everyday Americans access credit, announced the launch of a same-day funding service on its OppLoans platform and surpassing one million unique customers over its 10-year history.