Author: Arabian Media staff

Chase offers flexible terms but low APYs on its certificates of depositCatherine Falls Commercial / Getty ImagesWhile Chase offers a wide variety of terms on its CDs, its rates, which are as high as 4% for a two-month CD, are competitive if you are a customer, but otherwise very low. Here’s an overview of Chase Bank’s CD rates for various terms and balances. The standard rates are for non-Chase customers, while the relationship rates are for customers with a linked Chase personal checking account. Compare these rates with the some of the best high-yield CDs.ImportantChase's CD rates may vary by location, and…

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Synchrony Bank offers CD accounts with APYs as high as 4.25%Fact checked by Hans Daniel JaspersonThomas Barwick / Getty ImagesSynchrony Bank is an online bank that offers a wide variety of financial services, including certificates of deposit (CDs) with terms that range from three months to five years. Synchrony Bank CD rates of up to 4.25% are competitive with some of the best CDS for some term lengths.Another benefit is the fact that Synchrony’s CDs feature no minimum balance requirements. Synchrony Bank also has two specialty CDs available for savers who are interested in bump-up CD accounts and no-penalty CD…

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PenFed offers money market, IRA, and Coverdell certificates with decent ratesFact checked by Michael RosenstonSDI Productions / Getty ImagesIf you’re interested in potentially growing your cash savings at a faster rate, the money market certificates from PenFed Credit Union might be worth considering. These share certificates with rates of up to 3.20% are similar to the best certificates of deposit (CDs) available through many traditional and online banks. Members can open IRA certificates and Coverdell education savings certificates as well, both of which have the backing of National Credit Union Administration (NCUA) insurance. PenFed Certificate Rates APYMoney Market Certificate2.80% – 3.20%IRA Certificate2.90% -…

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As a small business owner, you may want to reward your employees with a gift for a holiday or on other special occasions. Before you do, however, you’ll do yourself and your business a favor if you acquaint yourself with the tax rules that apply to such gifts. Here is what you need to know to comply with the law. Key Takeaways Employee gifts may or may not be taxable, depending on the type of gift and its value.Gifts of cash or cash equivalents, such as gift cards, are taxable to the employee, regardless of the amount.Non-cash gifts may not…

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Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Bank of England governor Andrew Bailey has called on the government to “minimise the negative effects” of Brexit by seeking closer alignment with the EU.Bailey made the case on Thursday for non-tariff barriers to be reduced, particularly in the financial services industry, saying that less red tape would boost trade and economic growth.His comments come after Prime Minister Sir Keir Starmer unveiled the UK’s “reset” deal with the EU this month. It includes plans to cut barriers to trade in areas including…

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