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Added on the 17/09/2015 16:56:56 - Copyright : Reuters EN
Put bluntly, the interest rates most brick-and-mortar banks are offering on savings account are absolute rubbish. So it makes sense to move your savings to a high-yield, online savings account. But before you jump ship, do your research about four important matters. According to Business Insider, don't just pay attention to the interest rate. That can be misleading. Check for all fees, restrictions, and features. Also, determine if the bank will limit how much money you can transfer out each day. Finally, to make life simpler, make sure the bank can do free, automated transfers to external accounts. Happy saving!
U.S. stocks end the day lower as investors worry that the Federal Reserve could start raising interest rates at its September meeting. Shartia Brantley reports.
U.S. stocks ended the day lower on Friday as concerns over Greece as well as when the Federal reserve might raise interest rates weighed on markets. Leah Duncan reports.
A day ahead of the Fed's decision on whether to raise interest rates, bets were all over the place among market watchers. Bobbi Rebell reports.
Australia's central bank has cut interest rates to an all-time low of 1.75 percent as it seeks to restrain a rising currency and stave off the creeping curse of deflation. As David Pollard reports, it comes a day after ECB President Mario Draghi defended his polcy of ultra-low rates in the face of German criticsim.
European Central Bank President Christine Lagarde says the institution will freeze borrowing costs again on Thursday but warns that inflation could pick up again in the near term, in an apparent pushback against market hopes of early rate cuts in 2024. It is the second time in a row the central bank has held rates, following a run of historic hikes to tame runaway price rises. SOUNDBITE
French Justice Minister Eric Dupond-Moretti leaves the courtroom at the Palais de Justice in Paris, before returning, during a recess on the last day of his trial, where his defence is presenting their arguments in the conflict of interest case. The prosecution has requested a one-year suspended prison sentence for Dupond-Moretti. IMAGES
The US Federal Reserve has voted to hold interest rates at a 22-year high for a second straight meeting. "Today we decided to leave our policy interest rate unchanged," announces Fed chair Jerome Powell. SOUNDBITE
US Federal Reserve Chair Jerome Powell announces that the US Federal Reserve has voted to keep interest rates at a 22-year high, between 5.25 percent and 5.50 percent. SOUNDBITE
Fed Chair Jerome Powell announces a quarter-point raise in the US Federal Reserve's benchmark lending rate, "in order to attain a stance of monetary policy that is sufficiently restrictive to return inflation to two percent over time." SOUNDBITE
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