I just experienced my own version of the “Expectation vs. Reality” meme when I looked at my monthly report from my Fidelity Investments securities lending activities, where I lend out my stock shares and get paid interest. I had been getting a lot of transaction notifications where all my shares of Paramount (PARA) were being […]
CIT Bank is another bank where I maintain an ongoing relationship because they tend to offer competitive rates. They are one of those banks that likes to run unique promotions and/or start new types of accounts, and they have just launched a new product called Platinum Savings that pays 4.40% APY on balances of $5,000+ […]
A few readers have asked for some performance updates on my Save app Market Savings investment, where your principal is FDIC-insured but the interest is linked to market returns via investments in index ETFs. If you put in $10,000 for example, you’ll always get $10,000 back no matter what. However, unlike a bank certificate, your […]