Historical low-interest rates are destroying savers from Germany to Sweden. According to a recent report from the European Central Bank (ECB), in Germany alone, 80 banks are charging negative interest rates to both their institutional and retail clients. Across the...
Money market account (MMA) and money market fund are two stable, secure, and diversified ways that short-term savers can earn higher yields on their savings. The current interest rate that JPMorgan Chase, the world’s largest commercial bank with $2.7 trillion...
Credit card balance-transfer offers are arriving less and less in credit card user mailboxes. The major credit card issuers, including Bank of America, Barclays, JPMorgan Chase, and many others, are wheeling back on balance-transfer offers. Credit card balance-transfer allows credit...
Private payrolls picked last month, and the economy added $4.8 million jobs. The unemployment rate falls to 11.1 percent. Despite those big economic data, the pandemic still poses a severe threat to economic recovery. Employers added nearly 5 million jobs,...
