Why wealthy customers are the 'most worrisome' for banks right now
Investors continue to flock to money market funds in search of higher yields, posing an ongoing challenge to banks trying to keep deep-pocketed account holders.
Source: yahoo.com
Stay updated with breaking news from Ken Tumin. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Investors continue to flock to money market funds in search of higher yields, posing an ongoing challenge to banks trying to keep deep-pocketed account holders.
Many certificates of deposit are paying 5% or more. What will happen to CD rates in 2023?
Here is how much money you can make in high-yield savings accounts and which savings accounts have the best interest rates.
Consumers are searching for attractive rates on certificates of deposit to store their cash.
As interest rates rise, financial institutions compete for customers with certificates of deposit.