Bit.com, a Singapore-based crypto exchange owned by Matrixport, has launched a new savings product and USDT margined futures to diversify the cryptocurrency options. With an annualized yield of 30%, ...
Tag: savings
Why Bitcoin? Ukrainian Refugee Flees to Poland With 40% of Life Savings in BTC
Important features of Bitcoin have come to the rescue of a 20 year old Ukrainian refugee. The fact that the currency does not require intermediaries like banks, is valid across borders and is a lot ...
Ukrainian refugees escape with life savings in Bitcoin on pen drive
CNBC reported today that a 20-year-old refugee fled Ukraine and the only money he was able to carry was the Bitcoin he held on his pen drive. The Ukrainian, going by Fadey, is not alone as many people...
When will savings account rates rise, and where are the best savings accounts?
The average savings account pays a paltry 0.06%, according to Bankrate. But some online savings accounts are already paying relatively high rates. Getty Images/iStockphoto Though the Federal Reserve’s...
Will the Fed rate increase mean higher interest on your savings and not using your travel card rewards may not be such a bad thing
Hi, MarketWatchers. Don’t miss these top stories. Weekend reads: There’s a recession warning as the Federal Reserve fights inflation Also, value stocks, the wild market for crude oil and a U.S. compan...
Ukraine’s largest savings bank halts Bitcoin buys with hryvnia: Report
While the Ukrainian government has moved to legalize Bitcoin (BTC) amid the ongoing attacks from the Russian military, some of the largest local banks have reportedly banned their clients from buying ...
What the Fed Rate Increase Means for Savings Accounts
The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell par...
This is the minimum amount of money you should have in savings, pros say
How much money should you have saved? Getty Images/iStockphoto You probably know the emergency fund ‘rule’ — save anywhere from 3-9 months of expenses to cover a potential unexpected expense. And whil...
Veteran Trader Advises ‘Gen Zs’ To Set Aside Savings On Bitcoin And Hold
It’s time for the new and younger generation to invest in Bitcoin. At least, this is what veteran trader and popular commentator Peter Brandt recommends. Brandt suggests members of the “Gen Z” should ...
‘Contribute Monthly Savings to Bitcoin and Hold’ – Bitcoin News
Popular commentator and veteran trader Peter Brandt gave advice to Gen Zers on Thursday and said that they should contribute savings to bitcoin and stocks of solid companies. In the same Twitter threa...
Crypto Could Be Bad For Retirement Savings Plans, The US Labor Dep’t Warns
Retirement plan members should exercise caution before adding crypto to their 401(k) plan’s investment options, the US Department of Labor warned Friday. The warning comes a day after US President Joe...
Here’s exactly how much money is in the average savings account in America
But whatever the rules, one thing is clear: Americans who do save are saving more than they used to. Getty Images/iStockphoto While there’s no magic number as to the amount of money someone should hav...
Low earners hit hardest by inflation as savings and pandemic aid dwindle
Sopa Images | Lightrocket | Getty Images Inflation Consumer prices in January rose 7.5% from a year earlier, the fastest annual pace in 40 years. However, households don’t feel those price shock...
How Treasury Inflation-Protected Securities can help your retirement savings weather 7.5% inflation
That’s not good news for retirement savers. And some might consider the stock market to be a bit frothy these days. So, it might make sense to invest a portion of your retirement nest egg conservative...
Here’s Why Your 401(k) Savings Are Mysteriously Increasing
401k default savings rates The data is in: 401(k) savings have hit record levels. Profit-sharing and 401(k) plans enjoyed more participation than ever before–all despite the negative impact of the COV...
The average savings account pays 0.06%. Earn more at these 8 financial firms
Looking for high-interest savings? These accounts pay more than average. Getty Images/iStockphoto The national average interest rate for savings accounts is a lowly 0.06%, according to Bankrate’s Febr...
The Tax Advantages of Series I Savings Bonds
At first glance, a stodgy, government-guaranteed investment may not seem like the most thrilling investment idea. But for many investors that’s exactly what U.S. Treasury Series “I” savings bonds are ...
Investors Flock to Savings Bonds for Protection Against Inflation
As inflation rises, another low-risk investment is getting more attention: the tried-and-true Series I savings bond known as inflation or I bonds. These federally guaranteed instruments currently hav...
Mainstream crypto scaremongering – Man loses $57,000 on crypto investments – financial expert says invest in a savings account
The UK Daily Mail published a story today telling of a wife’s fury on finding that her husband had ‘lost’ $57,000 to crypto investments. The wife asked a financial expert for advice, who recommended t...
Drew Brees to Get Paid in Bitcoin via NYDIG’s BTC Savings Plan
Retired NFL quarterback-turned-entrepreneur Drew Brees has elected to take part of his salary in Bitcoin through NYDIG’s new Bitcoin Savings Plan. Brees, who currently works as an analyst for NBC Spor...
NYDIG Launches Bitcoin Savings Plan – Trustnodes
NYDIG, the bitcoin services and asset management provider that was formerly part of Stone Ridge, has announced the launch of a Bitcoin Savings Plan to let employees of leading companies get paid in bi...
Saving for college: the pros and cons of 529 savings plans, prepaid plans and how to decide
For many, college is one of the best times of a person’s life — but it can also be extremely expensive, and that bill could last a lifetime. If you expect to be footing at least part of the cost, edu...
Don’t let the volatile stock market rattle your retirement savings plan
When the stock market somersaults, you catch your breath, bite your lip, and try really hard not to think about the value of your retirement account. That’s just what happened this week, with the mark...
Fed rate hikes are coming — how to tackle your savings, mortgage, car payments and credit-card debt in advance
Wall Street investors and Washington D.C. lawmakers are closely listening to what Federal Reserve Chairman Jerome Powell says Wednesday about the central bank’s next steps in its fight against decades...
56% of Americans can’t cover a $1,000 emergency expense with savings
JGI/Jamie Grill | Tetra images | Getty Images Most Americans are still struggling to build solid savings accounts nearly two years into the coronavirus pandemic. Some 56% of Americans are unable to co...
No-loss Prize Savings Game INK Protocol Is Off To A Strong Start On The Terra Blockchain
INK Protocol launched on the Terra blockchain last December and keeps achieving milestones ever since. The no-loss prize savings game lets users win by saving and provides unlimited upside to potentia...
Terra Blockchain-Based INK Protocol Keeps Achieving Milestones With Its No Loss Savings Game
Advertisement     INK Protocol, the first decentralized no-loss savings game on Tera, allows users to win by saving. INK Protocol, launched last year in December on th...
Australia’s Financial Watchdog Warns Against Investing Retirement Savings into Crypto
Alex Dovbnya Australians with self-managed super funds should be wary of cryptocurrency ads, says the country’s financial watchdog The Australian Securities and Investments Commission, the count...
Seashell Emerges From Stealth Mode With ‘Inflation-Resistant’ High-Yield Savings Accounts
Fintech Seashell has emerged from stealth mode with the launch of its high-yield Seashell Save app and the announcement of a $6 million seed round co-led by Khosla Ventures and Kindred Ventures. Seatt...
Worried About Inflation? Check Out This 7% Treasury Savings Bond.
Text size The Treasury Building Chip Somodevilla/Getty Images One of the best deals for savers now are Treasury Series I savings bonds now paying a 7.12% interest rate. The savings bonds, available el...