Latest news with #DepositAccounts
Yahoo
2 days ago
- Business
- Yahoo
Mississippi 5th most affordable state for single seniors: report
JACKSON, Miss. (WJTV) – If you are facing retirement as a golden bachelor or bachelorette, a recent report reveals that Mississippi may be an economical place to live. About 27% of people over the age of 65 are living alone nationally, and this trend is set to continue. This is largely due to an aging population, where 22% of Americans will likely be 65 or older by 2040. Living alone at that age presents challenges, but financially, older Americans will be financially comfortable in Mississippi. found that the state is the fifth most affordable for seniors living alone nationally. Earn less than $200K? Your family can afford to live comfortably in Mississippi, report finds This conclusion is not unique to the website. A DepositAccounts report found that Mississippi is the third most affordable state to retire in nationwide. The state's approximately $34,566 in annual costs for retirees is slightly lower than the state's projected annual cost of living. However, if single living turns into assisted living, costs skyrocket for older residents. A 2024 report found that Mississippi is the second most expensive state in the South to live in an assisted living facility. Health outcomes are also a major concern for many. According to the Centers for Disease Control and Prevention (CDC), the national life expectancy beyond 65 is 18.5 years. In Mississippi, that time is roughly 13% shorter at 16.1 years. That is the shortest life expectancy beyond 65 nationally. According to the Mississippi Development Authority, there are 13 certified retirement communities in the state. Brandon, Madison and Vicksburg are also on the list. To find out more about each, click here. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Wall Street Journal
2 days ago
- Business
- Wall Street Journal
Today's CD Rates for June 4, 2025: Highest APYs range from 4.00% to 4.65%
Certificates of deposit (CDs) often offer the best rates for savings. However, to get the highest annual percentage yield (APY), you need to agree to keep your money with the financial institution for a set time period. Right now, the best CD rates are on short-term CDs. The Federal Deposit Insurance Corporation (FDIC) reports that the average rate on a 12-month CD is 1.75%. However, the average for the top high-yield CDs is 4.71%, according to There are also six-month CDs with competitive rates, depending on the institution, as well as promotional CDs with higher rates. Top CD rates today The best CD yield from a national bank is Northern Bank Direct, with a 4.50% APY on a nine-month CD with a $500 minimum deposit requirement. The best local bank CD rate is Linkbank with a 4.50% APY on a ten-month CD with a $500 minimum to earn the APY. If you're looking for the highest yield, no matter where you live, review the top CD rates today.
Wall Street Journal
3 days ago
- Business
- Wall Street Journal
Today's High-Yield Savings Rates for June 3, 2025: Up to 4.66%
Getting the best rate as a saver has been a little more difficult since the Federal Reserve started cutting its benchmark rate toward the end of 2024. Since the beginning of 2025, Fed officials have adopted a wait-and-see approach due to concerns about tariffs and economic conditions. The May announcement continues the pattern of keeping the rate on hold until there's more data on market responses to trade policy. With the average savings account paying 0.42%, according to the Federal Deposit Insurance Corporation (FDIC), it might feel a little bleak for savers. However, high-yield savings accounts still offer a way to get a little more yield. The best high-yield savings account pays a much higher yield. Indeed, the top rate from a national bank is 4.66% APY, according to Locally, you might be able to check with a credit union or community bank. For example, ConnectOne Bank in New York offers an APY of 4.00% if you have at least $2,500 deposited.
Wall Street Journal
3 days ago
- Business
- Wall Street Journal
Today's CD Rates for June 3, 2025: Highest APYs range from 4.00% to 4.65%
Certificates of deposit (CDs) often offer the best rates for savings. However, to get the highest annual percentage yield (APY), you need to agree to keep your money with the financial institution for a set time period. Right now, the best CD rates are on short-term CDs. The Federal Deposit Insurance Corporation (FDIC) reports that the average rate on a 12-month CD is 1.75%. However, the average for the top high-yield CDs is 4.73%, according to There are also six-month CDs with competitive rates, depending on the institution, as well as promotional CDs with higher rates. Top CD rates today The best CD yield from a national bank is Northern Bank Direct, with a 4.50% APY on a nine-month CD with a $500 minimum deposit requirement. The best local bank CD rate is Linkbank with a 4.50% APY on a ten-month CD with a $500 minimum to earn the APY. If you're looking for the highest yield, no matter where you live, review the top CD rates today.
Wall Street Journal
4 days ago
- Business
- Wall Street Journal
Today's High-Yield Savings Rates for June 2, 2025: Up to 4.66%
Getting the best rate as a saver has been a little more difficult since the Federal Reserve started cutting its benchmark rate toward the end of 2024. Since the beginning of 2025, Fed officials have adopted a wait-and-see approach due to concerns about tariffs and economic conditions. The May announcement continues the pattern of keeping the rate on hold until there's more data on market responses to trade policy. With the average savings account paying 0.42%, according to the Federal Deposit Insurance Corporation (FDIC), it might feel a little bleak for savers. However, high-yield savings accounts still offer a way to get a little more yield. The best high-yield savings account pays a much higher yield. Indeed, the top rate from a national bank is 4.66% APY, according to Locally, you might be able to check with a credit union or community bank. For example, ConnectOne Bank in New York offers an APY of 4.00% if you have at least $2,500 deposited.
