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The Latest Breaking News from FDIC

What Happens to a Joint Bank Account When One Spouse Dies?

When a spouse dies, the checking account may seem like one financial detail that should be simple: both names are on it, so the surviving...

Saving Advice

What Happens If a Company Deposits Money Into Your Account by Mistake?

A surprise deposit can make a bank balance look much healthier, but money that a company deposits into your account by mistake does not automatically become yours. A payroll department might enter the wrong account number, a business might send a payment twice, or a company could simply make a…

The Free Financial Advisor

Fed Raises Rates a Quarter Point, First Increase Since 2023

The Federal Reserve raised its benchmark interest rate by a quarter percentage point on Wednesday, the first increase since July 2023. The Federal Open Market...

Saving Advice

From analysis to the latest developments in health,
read the most diverse news in one place.

Your Savings Account Rate Could Change After September 16—How Fast Can Your Bank Cut It?

If you’ve been enjoying a better return on your savings, September 16 is a date worth watching. The Federal Reserve is holding its September policy...

Saving Advice

Federal Regulators Double Bank Asset Threshold for 18-Month Examination Cycle to $6 Billion

Some community banks may now go six additional months between regularly scheduled federal on-site examinations after regulators doubled the asset threshold for institutions eligible for an extended examination cycle.

The Free Financial Advisor

What Actually Happens to the Money in Your Bank Account When You Die?

When someone dies, the money sitting in a checking or savings account does not simply disappear, and the bank does not automatically hand it to the family member who seems most likely to inherit it. What happens next depends heavily on how the account gets titled, whether the owner named…

The Free Financial Advisor

Are You Being Underpaid on Your Savings? The Latest FDIC Numbers Give You a Benchmark

A savings account can look perfectly respectable until its interest rate gets compared with what other banks pay. The FDIC’s latest national average puts the typical savings account at just 0.38%, while competitive high-yield savings accounts currently offer rates around 4% or more.

The Free Financial Advisor

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You Have $30,000 in Savings and $15,000 in Debt. What Should You Do With the Money?

Finding yourself with $30,000 in savings and $15,000 in debt creates a strangely luxurious money problem: there is enough cash to make a serious dent in the debt, but wiping out the balance could leave the savings cushion looking awfully skinny.

The Free Financial Advisor

The Average Money Market Rate Is Only 0.63%—Here’s Why September Is a Good Time to Check Your Account

A money market account paying 0.63% might sound like a perfectly respectable place to park cash until the math gets involved. At that rate, $10,000 earns roughly $63 over a year before taxes, assuming the balance stays put and the rate remains unchanged. The national average for money market deposit…

The Free Financial Advisor

The FDIC Says the Average Savings Account Pays Just 0.38%—How Does Yours Compare?

You may know exactly how much money is sitting in your savings account, but here’s another number worth checking: the interest rate it’s earning. According...

Saving Advice

7 Bank Accounts Worth Rechecking After the FDIC’s Latest National Rate Update

A bank account can sit quietly for years while the interest rate attached to it changes around it. That makes the FDIC’s latest national rate update a useful excuse to revisit where cash actually lives, especially when a familiar account may now look less attractive than it did when it…

The Free Financial Advisor

Six simple portfolio checks that could save you from costly mistakes

If you’re still accumulating assets for retirement, does your current portfolio balance, combined with your savings rate, put you on track to reach your goal?

The Independent UK

7 Bank-Safety Red Flags Emerging After FDIC Banks Posted $90.1B in Quarterly Profits

The nation’s FDIC-insured banks just posted $90.1 billion in net income for the second quarter of 2026, a 12% jump from the previous quarter. That sounds like excellent news for the banking industry, and it is, but a healthy industry does not automatically mean every bank customer has a perfectly…

The Free Financial Advisor

Félix Raises $200 Million to Turn WhatsApp Into a Bank for Millions of Latino Immigrants

Félix raised $200M, nearing a $1.4B valuation with its WhatsApp money app — a sign of how many Latino households U.S. banks still fail.

Latin Times

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The Free Financial Advisor

FDIC Changes Reciprocal Deposit Rules for Banks Under New Housing Law

Banks participating in reciprocal deposit networks have new federal rules to follow after the Federal Deposit Insurance Corporation implemented changes Congress made to how certain deposits are treated under banking regulations. The FDIC’s interim final rule took effect September 1 and implements Section 902 of the 21st Century ROAD to…

Saving Advice

Before You Give an Adult Child Access to Your Bank Account, Understand These 5 Alternatives

Maybe you’re getting tired of managing bills, worried about what would happen during a hospitalization, or simply want an adult child to help keep an...

Saving Advice

Your Spouse Has Always Handled the Money. Learn These 8 Things Before You Have To

In plenty of marriages, one spouse naturally becomes the household’s financial manager. That arrangement can work perfectly well for decades… That is until illness, cognitive...

Saving Advice

Retired With $100,000 in the Bank? Make Sure You Understand What FDIC Insurance Actually Covers

Having $100,000 sitting in the bank during retirement can feel reassuring, especially when that money represents years of saving and may need to cover emergencies,...

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Saving Advice

Can You Have Too Much Money in Savings? Here’s When Cash Starts Working Against You

Watching a savings balance climb usually feels like financial progress, and in many cases it is. Cash provides stability, pays unexpected bills without debt, and...

The Free Financial Advisor

Is Your Emergency Fund Too Big? At Some Point, Safety Has a Price

An emergency fund should make financial surprises less terrifying, but there comes a point when piling more money into cash stops adding much protection and starts creating an opportunity cost. A giant savings balance can feel wonderfully comforting, especially after years of watching unexpected bills ambush otherwise sensible budgets. But…

The Free Financial Advisor

The $100,000 Cash Problem: When Keeping Too Much Money “Safe” Creates a Different Kind of Risk

A six-figure cash balance can feel like the financial equivalent of a fortress. The money sits there, untouched, ready for an emergency, a house purchase, a business opportunity, or simply the next expensive thing life decides to throw through the window. But once cash reaches $100,000, keeping every dollar parked…

Saving Advice

If You Become Incapacitated, Who Can Access Your Bank Account?

Most people know what happens to a bank account after its owner dies, or at least know that wills, beneficiaries, and estate rules come into...

Kiplinger

5 High-Yield Savings Account Mistakes That Could Cost You Money

A high-yield savings account can help your money earn more, but these five common mistakes could be holding your savings back.

Benzinga

You’re Already Funding the AI Bubble — and You’ll Pay for the Bust

The debate over the artificial-intelligence boom has mostly been framed as a market question: whether NVIDIA Corp.’s (NASDAQ:NVDA) valuation is stretched, whether hyperscalers are overbuilding data centers, whether the capital-expenditure cycle can eventually be justified by revenue.

Saving Advice

Should Retirees Still Keep an Emergency Fund? The Answer Changes After You Stop Working

For most of your working life, emergency-fund advice probably sounded straightforward: keep enough cash available to survive a few months without a paycheck. Then you...

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