We can thank our friends at the Fed because the interest rate increases they have made are pushing credit cards and other rates such as home equity lines of credit higher.
More Quotes from Greg McBride:
To be able to lock in those kinds of returns without risk is attractive to investors at a time when bond investments are lucky to be break even.Greg McBride
These are not things that are subject to price competition. No bank is going to advertise low bounced-check fees.
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The best accounts continue to be those offered by Internet institutions. Better still was the fact that half of the best Internet accounts were truly free -- no monthly service fee and no per-item fees regardless of the balance maintained.
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If you have a 30-year investment horizon, you should be pursuing higher returns than you can get on a Treasury.
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Bouncing a check results in a punitive fee from your bank, and the punishment is growing increasingly harsh.
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