Latest news with #financialinstitutions
Wall Street Journal
a day ago
- Business
- Wall Street Journal
FIS, Circle Partner to Offer Stablecoin Transactions to Financial Institutions
Fidelity National Information Services FIS -0.13%decrease; red down pointing triangle is partnering with Circle Internet Group to let financial institutions transact in the USDC stablecoin. The partnership launched after the Senate passed the Genius Act in June, which seeks to regulate the stablecoin industry. The new partnership is part of FIS' strategy to support digital assets and currencies.
Yahoo
2 days ago
- Business
- Yahoo
Best savings interest rates today, July 28, 2025 (Earn up to 4.3% APY)
Today's savings account rates still hover well above the national average. The Federal Reserve cut the federal funds rate three times in 2024, which means deposit account rates are also on the decline. It's more important than ever to ensure you're earning the highest rate possible on your savings, and a high-yield savings account could be the solution. These accounts pay more interest than the typical savings account — as much as 4% APY and higher in some cases. Not sure where to find the best savings interest rates today? Read on to find out which banks have the best offers. Best savings rates today In general, high-yield savings accounts offer better interest rates than traditional savings accounts. Still, rates vary widely across financial institutions. That's why it's important to shop around and compare rates before opening an account. As of July 28, 2025, the highest savings account rate available from our partners is 4.3% APY. This rate is offered by EverBank and requires no minimum opening deposit. As you'll see, the majority of top savings rates come from online banks. These institutions have much lower overhead costs than traditional banks, so they can pass those savings on to customers in the form of higher rates and lower fees. Here is a look at some of the best savings rates available today from our verified partners: National average savings account rates A high-yield savings account can be a good fit if you're looking for a secure place to store your money and earn a competitive interest rate while maintaining liquidity. Traditional savings accounts and certificates of deposit (CDs) have some of the highest interest rates we've seen in more than a decade, thanks to recent interest rate hikes by the Federal Reserve. Even so, the national average for these rates is fairly low compared to the top offers available. For example, the average savings account rate is just 0.38%, while 1-year CDs pay 1.62%, on average, according to the FDIC. The Fed is also expected to lower its target rate again in 2025, which means now might be the last chance for savers to take advantage of today's high rates. Choosing the best savings account for you Taking the time to compare accounts and rates from various financial institutions will help you secure the best deal available. However, interest rates aren't the only factor to consider when choosing a savings account. For example, some banks may require that you maintain a minimum balance to earn the highest advertised rate and avoid monthly fees. Other factors to evaluate include customer service options and hours, ATM and branch access, digital banking tools, and the overall financial stability of the institution. Additionally, before opening a savings account, be sure that it's insured by the Federal Deposit Insurance Corporation (FDIC) — or the National Credit Union Administration (NCUA) if it's held by a credit union — so your money is protected in case the institution fails. Read more: How to open a savings account: A step-by-step guide
Globe and Mail
2 days ago
- Business
- Globe and Mail
Could a $500 Investment in XRP Turn Into $50,000 by 2030?
Key Points Ripple could easily become one of the best crypto investments of all time. One key risk may prevent all of that upside potential. 10 stocks we like better than XRP › Ripple (CRYPTO: XRP) is skyrocketing in value once again. Over the past 12 months, Ripple's value has zoomed higher by more than 400%. Looking at some key metrics, it's clear that the price of XRP can continue to climb heavily for years on end. But how high could XRP's value really soar? Could a $500 investment turn into $50,000 by 2030? The answer to this question will surprise you. Let's look at the numbers. What is Ripple's highest theoretical value? The primary driver behind Ripple's long-term value is its ability to replace the global SWIFT system. SWIFT stands for Society for Worldwide Interbank Financial Telecommunication. It's essentially a network of processes and protocols that financial institutions have agreed to in order to standardize money transfers. Since its introduction in 2015, Ripple has struggled to replace the SWIFT system in any meaningful way. It has signed on a growing list of financial institutions that are using its network for pilot programs and smaller transfer use cases. But a decade after Ripple launched, SWIFT remains dominant worldwide. According to Ripple's CEO, Brad Garlinghouse, all of this could change over the next five years. By 2030, he predicts Ripple will capture 14% of SWIFT's global cross-border volume. "There are two parts to SWIFT today: messaging and liquidity," Garlinghouse told a conference audience earlier this year. "I think less about the messaging and more about liquidity. If you're driving all the liquidity, it is good for XRP. So I'll say five years, 14%." It's hard to understate how massive this would be. According to some estimates, a 14% share would result in $21 trillion annual transaction volumes for Ripple. For comparison, RippleNet is currently processing annual transaction volume measured in the billions of dollars, not trillions. If Garlinghouse's prediction comes true, Ripple will go from a rising crypto star to a bonafide global financial powerhouse by the year 2030. Should you buy more XRP today? How will all of this impact XRP's price? Will it be enough to turn a $500 investment into $50,000? It's actually fairly difficult to estimate XRP's value even if it does capture 14% of SWIFT's transaction volumes. That's because the utility value of XRP is based on several complex factors including velocity and liquidity demand. Some analysts have run bear- and bull-case scenarios which predict a theoretical price between $25 and $170, which is significantly higher than today's trading range of $2 to $4. But these assumptions assume Ripple captures 14% of all SWIFT volumes, not just its cross-border volumes. Plus, these assumptions factor in various numbers for velocity and liquidity demand that could stray far from reality. In summary, Ripple remains an incredibly speculative asset. Not only does the project have a long way to go to justify its current $200 billion valuation from a utility standpoint, but models predicting potential price growth for XRP rely on assumptions that are far less knowable than the standard discounted cash-flow model used for valuing traditional stocks. Should you buy more XRP today? If you believe in the long-term story, Ripple remains a promising speculative bet with lots of theoretical upside. But its near-term value will largely be based on market conditions and investor sentiment -- not on true fundamentals. Should you invest $1,000 in XRP right now? Before you buy stock in XRP, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and XRP wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025
Yahoo
2 days ago
- Business
- Yahoo
Could a $500 Investment in XRP Turn Into $50,000 by 2030?
Key Points Ripple could easily become one of the best crypto investments of all time. One key risk may prevent all of that upside potential. 10 stocks we like better than XRP › Ripple (CRYPTO: XRP) is skyrocketing in value once again. Over the past 12 months, Ripple's value has zoomed higher by more than 400%. Looking at some key metrics, it's clear that the price of XRP can continue to climb heavily for years on end. But how high could XRP's value really soar? Could a $500 investment turn into $50,000 by 2030? The answer to this question will surprise you. Let's look at the numbers. What is Ripple's highest theoretical value? The primary driver behind Ripple's long-term value is its ability to replace the global SWIFT system. SWIFT stands for Society for Worldwide Interbank Financial Telecommunication. It's essentially a network of processes and protocols that financial institutions have agreed to in order to standardize money transfers. Since its introduction in 2015, Ripple has struggled to replace the SWIFT system in any meaningful way. It has signed on a growing list of financial institutions that are using its network for pilot programs and smaller transfer use cases. But a decade after Ripple launched, SWIFT remains dominant worldwide. According to Ripple's CEO, Brad Garlinghouse, all of this could change over the next five years. By 2030, he predicts Ripple will capture 14% of SWIFT's global cross-border volume. "There are two parts to SWIFT today: messaging and liquidity," Garlinghouse told a conference audience earlier this year. "I think less about the messaging and more about liquidity. If you're driving all the liquidity, it is good for XRP. So I'll say five years, 14%." It's hard to understate how massive this would be. According to some estimates, a 14% share would result in $21 trillion annual transaction volumes for Ripple. For comparison, RippleNet is currently processing annual transaction volume measured in the billions of dollars, not trillions. If Garlinghouse's prediction comes true, Ripple will go from a rising crypto star to a bonafide global financial powerhouse by the year 2030. Should you buy more XRP today? How will all of this impact XRP's price? Will it be enough to turn a $500 investment into $50,000? It's actually fairly difficult to estimate XRP's value even if it does capture 14% of SWIFT's transaction volumes. That's because the utility value of XRP is based on several complex factors including velocity and liquidity demand. Some analysts have run bear- and bull-case scenarios which predict a theoretical price between $25 and $170, which is significantly higher than today's trading range of $2 to $4. But these assumptions assume Ripple captures 14% of all SWIFT volumes, not just its cross-border volumes. Plus, these assumptions factor in various numbers for velocity and liquidity demand that could stray far from reality. In summary, Ripple remains an incredibly speculative asset. Not only does the project have a long way to go to justify its current $200 billion valuation from a utility standpoint, but models predicting potential price growth for XRP rely on assumptions that are far less knowable than the standard discounted cash-flow model used for valuing traditional stocks. Should you buy more XRP today? If you believe in the long-term story, Ripple remains a promising speculative bet with lots of theoretical upside. But its near-term value will largely be based on market conditions and investor sentiment -- not on true fundamentals. Should you buy stock in XRP right now? Before you buy stock in XRP, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and XRP wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,628!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,063,471!* Now, it's worth noting Stock Advisor's total average return is 1,041% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Ryan Vanzo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends XRP. The Motley Fool has a disclosure policy. Could a $500 Investment in XRP Turn Into $50,000 by 2030? was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
Best CD rates today, July 27, 2025 (lock in up to 5.5% APY)
Find out how much you could earn by locking in a high CD rate today. A certificate of deposit (CD) allows you to lock in a competitive rate on your savings and help your balance grow. However, rates vary widely across financial institutions, so it's important to ensure you're getting the best rate possible when shopping around for a CD. The following is a breakdown of CD rates today and where to find the best offers. Overview of CD rates today Historically, longer-term CDs offered higher interest rates than shorter-term CDs. Generally, this is because banks would pay better rates to encourage savers to keep their money on deposit longer. However, in today's economic climate, the opposite is true. As of July 27, 2025, the highest CD rate is 5.5% APY, offered by Gainbridge® on its 5-year CD. There is a $1000 minimum opening deposit required. This embedded content is not available in your region. How much interest can I earn with a CD? The amount of interest you can earn from a CD depends on the annual percentage rate (APY). This is a measure of your total earnings after one year when considering the base interest rate and how often interest compounds (CD interest typically compounds daily or monthly). Say you invest $1,000 in a one-year CD with 1.81% APY, and interest compounds monthly. At the end of that year, your balance would grow to $1,018.25 — your initial $1,000 deposit, plus $18.25 in interest. Now let's say you choose a one-year CD that offers 4% APY instead. In this case, your balance would grow to $1,040.74 over the same period, which includes $40.74 in interest. The more you deposit in a CD, the more you stand to earn. If we took our same example of a one-year CD at 4% APY, but deposit $10,000, your total balance when the CD matures would be $10,407.42, meaning you'd earn $407.42 in interest. Read more: What is a good CD rate? Types of CDs When choosing a CD, the interest rate is usually top of mind. However, the rate isn't the only factor you should consider. There are several types of CDs that offer different benefits, though you may need to accept a slightly lower interest rate in exchange for more flexibility. Here's a look at some of the common types of CDs you can consider beyond traditional CDs: Bump-up CD: This type of CD allows you to request a higher interest rate if your bank's rates go up during the account's term. However, you're usually allowed to "bump up" your rate just once. No-penalty CD: Also known as a liquid CD, type of CD gives you the option to withdraw your funds before maturity without paying a penalty. Jumbo CD: These CDs require a higher minimum deposit (usually $100,000 or more), and often offer higher interest rate in return. In today's CD rate environment, however, the difference between traditional and jumbo CD rates may not be much. Brokered CD: As the name suggests, these CDs are purchased through a brokerage rather than directly from a bank. Brokered CDs can sometimes offer higher rates or more flexible terms, but they also carry more risk and might not be FDIC-insured. This embedded content is not available in your region.
