SuperMoney Team
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Axos Bank Increases Rates On UFB Preferred Savings And Money Market Accounts To 5.02% APY (March 2023)
Published 03/14/2023 by SuperMoney Team
Axos Bank has increased the maximum APY for its UFB Direct Preferred savings and money market accounts CD accounts to 5.02% APY.

IRS Continues Crack Down on False Claims for Employee Retention Credit: Improper Claims Put Taxpayers at Risk of Non-Compliance
Published 03/13/2023 by SuperMoney Team
The IRS is warning taxpayers to be cautious of promoters pushing an Employee Retention Credit (ERC) scheme, which has led to an increase in false claims. The promoters of the scheme charge large upfront or contingent fees and may mislead taxpayers by not informing them of the guidelines. Acting IRS Commissioner Doug O’Donnell advises taxpayers to review the guidelines carefully and seek advice from their tax professionals.

JPMorgan in Talks to Acquire SVB Financial Group, Excluding U.S.-Controlled Silicon Valley Bank
Published 03/13/2023 by SuperMoney Team
JPMorgan Chase & Co is reportedly in talks to acquire SVB Financial Group, with the exception of its commercial banking unit, Silicon Valley Bank. This news comes after reports from Reuters on March 12th, which stated that Silicon Valley Bank had received interest from PNC and Royal Bank of Canada. The acquisition highlights the continued consolidation and acquisition trend in the financial industry. It also underscores the role of regulators in overseeing failed lenders and ensuring that any potential deals are in the best interest of all parties involved.
The Rise and Fall of Washington Mutual: America’s Largest Bank Failure
Published 03/12/2023 by SuperMoney Team
The recent crisis at Silicon Valley Bank has raised concerns about the stability of banks and the risks of rapid growth and lending. To understand how a bank can come to such a catastrophic end, it’s worth looking back at the example of Washington Mutual (WaMu), once the largest failed bank in US history.
The Top 10 US Banks by Assets (March 2023)
Published 03/12/2023 by SuperMoney Team
Silicon Valley Bank’s recent crisis has sent shockwaves through the tech industry, with many high-net-worth individuals and business owners rethinking their banking options. The article reviews the top 10 banks in the US by assets, which include JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo.

U.S. Bank Increases APY On Its CD Accounts To 4.70% APY (March 2023)
Published 03/08/2023 by SuperMoney Team
U.S. Bank has increased the maximum APY for its CD Special account – now up to 4.70% APY.

LendKey Student Loan Refinancing Increases Variable Rates to Range from 4.76% to 7.86% (March 2023)
Published 03/07/2023 by SuperMoney Team
LendKey Student Loan Refinance has increased its range of variable rates up to 4.76% to 7.86% APR.

Understanding Ad Valorem Taxes: A Comprehensive Guide (2026)
Published 03/03/2023 by SuperMoney Team
An ad valorem tax is a tax based on the assessed value of an item, like real estate or personal property. These taxes are levied by local jurisdictions and are generally imposed on both real and major personal property. The benefit of ad valorem tax is that individuals who own more expensive items pay a higher tax. However, calculating and administering these taxes can be complicated, leading to disputes between taxpayers and tax authorities. Ad valorem taxes may be deductible on federal income tax returns, but the rules for deducting these taxes can be complex and vary depending on the type of property being taxed and individual circumstances.

Splash Financial Student Loan Refinance Increases Its Lowest Variable Rates (March 2023)
Published 03/02/2023 by SuperMoney Team
Splash Financial, a student loan refinancing provider, has recently increased its lowest variable interest rate for student loan refinancing loans. Borrowers who enroll in autopay can expect a variable rate of 4.59%, while those who do not enroll in autopay can expect a variable rate of 4.84%.

Axos Bank Increases the Maximum Interest Rate On Its Rewards Checking Account To 3.30% APY
Published 03/01/2023 by SuperMoney Team
Axos Bank Rewards Checking has recently increased its annual percentage yield (APY) to 3.30%, making it a highly attractive option for those looking to earn more on their checking account balance. This increase is one of the highest among checking accounts in the market today, and it’s a great opportunity for people to earn extra money without sacrificing access to their funds.
