Bank Deals Blog: Deposits Education and Strategies

Certificates of deposit (CDs)...

As expected, the Fed didn’t announce any policy changes at the end of its two-day meeting. No changes were made to interest rates or asset purchase plans. All policy sections of today’s FOMC statement were exactly the same as those in the September statement. Only the section that includes an overview of the economy had any changes, and those changes were minimal. Here’s the part of the policy sections describing interest rates:

No one dissented at today’s meeting. One of the dissenters in the September meeting, Minneapolis Fed President, Neel Kashkari,...

At the completion of its two-day FOMC meeting, the Fed announced a policy that’s inline with its new inflation strategy. In summary, the policy suggests that we won’t see a Fed rate hike for a long time, a period that's even longer than what was suggested at previous Fed meetings. The Fed also released updates to its Summary of Economic Projections (SEP) which includes federal funds rate forecasts that now extend out through 2023. Based on the FOMC statement and the SEP, it looks very unlikely that the Fed will...

When it comes to adding gold to your portfolio, there are two main courses of action: Buying physical gold, and buying gold through an investment vehicle. Gold is often considered a solid commodity investment, and it is perceived by many as a safe haven during times of market turmoil.

If you’re interested in adding gold to your arsenal, you cannot simply stroll into a bank and begin buying up gold bars. Here’s what...

The COVID-19 pandemic has resulted in a lot of changes, ranging from the postponement of major life events to the way companies do business. A new survey from DepositAccounts reveals that consumers’ financial priorities are no exception.  

In fact, our survey of over 1,000 Americans found that an overwhelming 82% of respondents said the coronavirus pandemic has caused them to change their financial priorities in some way. Perhaps the silver lining of the...