Barclays announced today that it is lowering the maximum APY for its CD accounts to 4.80% APY on June 1st. This is part of a broader trend among some banks and credit unions responding to forecasts of a Federal Reserve rate cut later in the year.

M1, the finance app known for its automated investing, borrowing, and banking products, has launched the M1 High-Yield Savings Account, offering an impressive 5.00% APY. This new account stands out as one of the highest-yielding savings options available.  This latest offering further expands M1’s suite of financial products, empowering individuals to grow their assets, automate their finances, and manage their wealth effectively.

Citi’s Priority Checking Account promotion, running from April to July 2023, offers new customers the opportunity to earn up to $2,000. The cash bonus is dependent on the deposited amount, which must be maintained for 80 days. The account comes with several benefits, including no Citi fees at non-Citibank ATMs, preferred pricing and rates on select products, and access to financial advisors. However, a minimum balance must be maintained to avoid a monthly service fee.

CIT Bank increased the maximum APY on their no-penalty 11-month CD accounts to 4.90% APY. Their high-yield savings increased to 4.85%, and their money market account APY remains the same.

Luxury brands have a certain mystique and allure that attract consumers with their high-end offerings and exclusivity. One brand that has been in the market for several decades is Coach. However, there is some debate about whether or not Coach can be considered a luxury brand. Further in the article, we will analyze the brand’s historical background, product offerings, marketing and communication strategies, and future outlook to determine if Coach deserves to be labeled as a luxury brand.

Gold is a valuable and precious metal that has been coveted for centuries. Whether you are a jewelry maker, a collector, or simply want to determine the authenticity of your gold items, testing gold is a crucial step. While there are various ways to test gold, using a lighter is a simple and convenient method that can be done at home. Here, we’ll discuss how to test gold with a lighter, including what materials you’ll need, step-by-step instructions, tips and tricks for accurate testing, and frequently asked questions at the end.

The Federal Housing Finance Agency (FHFA) has recently made changes to the mortgage pricing framework of Fannie Mae and Freddie Mac. Some argue that these changes socialize mortgages by increasing fees for borrowers with high credit scores. The FHFA claims the primary goal is to create a more inclusive and equitable housing market for low- and moderate-income borrowers and those from historically disadvantaged groups. Borrowers, particularly those with great credit but smaller down payments, should carefully explore their options and compare loan products to find the best solution for their specific situations.

U.S. Bank has announced that it has increased its prime lending rate to 8.25 percent, up from 8.00 percent, at all U.S. Bank and Union Bank locations. The changes came into effect on May 4, 2023.

Toronto-Dominion Bank (TD) and First Horizon have canceled their $13.4 billion merger due to regulatory challenges, resulting in a nearly 37% drop in First Horizon’s shares. The deal was initially announced in February 2022, and its termination arrives during a challenging time for U.S. regional banks like First Horizon. TD faced scrutiny from U.S. regulators in recent years, including a $122 million settlement with the Consumer Financial Protection Bureau in 2020. As part of the termination agreement, TD will pay First Horizon $200 million in cash and an additional $25 million fee reimbursement.

As we celebrate our 10-year anniversary at SuperMoney, we are thrilled to share some major milestones with you. We’ve processed $10 billion in loan requests and have nearly 1 million registered members!