By Matthew P. Chiarello On May 22, 2025, the U.S. House of Representatives passed the “One Big Beautiful Bill Act” (the Act), a sweeping piece ...

The House GOP’s “big, beautiful” tax bill includes a new savings account for children that comes with a $1,000 deposit from the federal government.

With more than three years of experience as a personal finance writer, Jamela Adam simplifies complex money topics to help readers become experts at managing their finances. Her work has been ...

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 12.5%, if your total long term capital gain exceeds 1.25 lakh. Any cess/surcharge is not ...

Michael Ryan, a finance expert and the founder of MichaelRyanMoney.com, noted that if the initial $1,000 deposit had a 5 ...

Dashia investigates economic shifts and everyday challenges to help readers make well-informed decisions. She covers a range ...

The Post Office Savings Bank Account (POSB) can be opened with a minimum balance of Rs.50 only. This account is transparent and issue-free as there are no penalties. One can always open an account ...

A high-yield savings account functions like a traditional savings account but offers significantly higher interest rates.

The designation of a high yield savings account is for accounts that provide above average interest rates to their customers. In 2025, the top savings accounts provide over 4.00% APY, while the ...

Joint accounts are common for checking and savings accounts, credit cards, loans, and brokerage accounts. In a joint account, each account holder has equal access and equal responsibility.

Martin Lewis has issued a warning to millions with savings accounts, advising them to "check it now" as he anticipates a drop in interest rates in the coming "two to four weeks". This follows the ...

If you have money in a savings account, it’s the other side of the see-saw to mortgages: rates going down mean you’ll earn less interest. As there’s still a bit of a fierce battle raging ...