Key Points and Takeaway Biden forgave $10k of student loan debt ($20k for Pell Grant Recipients) for individuals with income below $125,000 ($250,000 for married couples). Current students are also eligible. Moratorium on payments will end and payments shall resume on January 1, 2023 Information on how to claim student loan relief will be coming soon. Sign up here to be notified when information is … Continue reading Student loan forgiveness: It actually happened
A dollar saved is a chance to win $10,000 every week. PrizePool is another prize-based savings account similar to Yotta. The accounts have a lot in common: FDIC insured through Evolve Bank & Trust up to $250,000 Users win interest via a lottery system with recurring tickets awarded for saving money Users get debit cards for easy access to funds Rewards for referrals and not … Continue reading PrizePool: friends have benefits with this prized-based savings account
Earlier this year, BlockFi settled claims with the SEC regarding its crypto interest platform’s U.S. user base. Part of this settlement required BlockFi to no longer offer these services to United States residents. There was an exception for U.S. users with funds already in the interest platform, allowing those funds to continue earning interest, but any additional funds could not be added to the interest account. Continue reading Land of the free, unless you are not rich: Celsius freezes access to U.S. users
The crypto exchange Celsius launched a beta for its “free swaps” program. Swaps are converting from one crypto to another rather than selling one for USD and then buying the other. These swaps are beneficial because you are removing an extra transaction and the fees associated with those transactions. Now Celsius is launching its swaps program with a major advantage over its competition – no … Continue reading When free swaps are not free: How exchanges charge hidden fees in crypto
Coinbase Global Inc. (Coinbase), one of the most popular crypto trading platforms, received so much traffic from its Super Bowl ad that its website crashed. Millions of people are starting to show interest in crypto trading and investing; however, others are beginning to notice as well. Regulators, including the U.S Securities and Exchange Commission (SEC), are beginning to take action on crypto. Recently, BlockFi, another … Continue reading Is crypto staking dead? SEC expands reach into crypto brokers
Where psychology and money intersect: How people react to the Nasdaq and Crypto market crashes and why. Continue reading Crypto crashes: Why it followed the market and it is hard to “hodl”
HMBradley recently changed the requirements for earning 3% APY on their platform. Beginning February 1, 2022, although HMBradley remains an exclusive high-yield savings account that offers 3% APY, HMBradley added an additional requirement to getting that 3% APY. For users that met all of three existing steps earned 3% APY, as I’ve outlined in my previous article: (1) Connect your direct deposit to HMBradley; (2) … Continue reading HMBradley: 3% APY checking account too good to be true?
Yotta is a FDIC-insured, lottery-based, high-yield savings account. Previously, I’ve written an article singing the praises of this app (link). The current system offers you 0.2% APY plus lottery winnings. This averages out to be around 1.5 to 1.9% APY. While this return is lower than the 3% offered by Porte and HMBradley, you only have to put money in Yotta to get the APY. … Continue reading That’s a Yotta Crypto? The best high-yield savings account is now offering more
High-yield savings accounts (HYSA) do not feel high-yield anymore. The national average APY for US savings accounts is 0.06% according to the FDIC. 0.06% APY means that for every $10,000 you have tied up in a savings account, you are paid $6 per year. Obviously 0.06% will not protect you from any level of inflation, which means that these savings accounts are useless. Other online … Continue reading Porte, the 3% APY savings account – What’s the catch?
With the price of homes still at record highs, some Millennials are coming up with a new strategy to get into home ownership: buying homes with friends. Millennials are growing tired of paying higher rents and losing out on building equity in real estate and the appreciation on home values. Therefore, some are partnering with friends and roommates to buy a nicer home than any … Continue reading Buying homes with friends: Millennials’ new recipe for drama