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Key Takeaways Two banks and one nationwide credit union are paying today’s top CD rate of 5.50%, on terms of 6 to 9 months. To lock your rate for a full year, consider NexBank’s 5.35% offer. After that, five additional CDs pay 5.30% on terms of 10 to 13 months. With the Fed expected to cut interest rates next month, …

Coinbase Global (COIN), the parent company of the largest crypto exchange in the United States, launched a new crypto-derivatives exchange in Bermuda, to trade products that aren’t allowed in the U.S. amid a lack of regulatory certainty. Key Takeaways Coinbase has opened a new, international exchange for trading crypto perpetual futures in Bermuda. Perpetual futures are derivative contracts without an …

What Is an A-B Trust? An A-B trust is a joint trust created by a married couple for the purpose of minimizing estate taxes. It is formed with each spouse placing assets in the trust and naming as the final beneficiary any suitable person except the other spouse. The trust gets its name from the fact that it splits into …

Restricted Shares vs. Stock Options: An Overview Restricted shares and stock options are both forms of equity compensation, but each comes with some conditions. Restricted shares can either be restricted stock units or restricted stock awards. Both involve vesting requirements. Stock options give an employee the right to buy a certain number of shares at an exercise price in the …

Cognitive vs. Emotional Investing Bias: An Overview Everybody has biases. We make judgments about people, opportunities, government policies, and of course, the markets. When we analyze our world with our own biases, we put our observations through a number of filters manufactured by our experiences, and we’re not just talking about stock screeners. We’re talking about the filters we put our decisions through …

We can’t prevent the unexpected from happening, but sometimes we can protect ourselves and our families from the worst of the financial fallout. Selecting the right type and amount of insurance is based on your specific situation, such as children, age, lifestyle, and employment benefits. Four types of insurance that most financial experts recommend include life, health, auto, and long-term …

What Is an Appeal Bond? An appeal bond is an amount of money placed in holding while an appeal is being decided. An appeal bond is supplied by the appellant who is appealing the lower court’s judgment and is usually in the amount of the original judgment (though it could be more). Key Takeaways An appeal bond, or supersedeas bond, …

A Roth individual retirement account (IRA) conversion lets you shift money from a traditional IRA into a Roth IRA. Doing so lets you take advantage of a Roth IRA’s many benefits, including tax-free withdrawals in retirement and no required minimum distributions (RMDs) during your lifetime. However, Roth IRA conversions also have costs. Specifically, you’ll have to pay tax on the …

Personal loan rates eased for the first time in a month, though only slightly, with the overall rate dropping five basis points. Monday’s results still keep the rate near 21%, after reading about 19% just five weeks ago. The lowest rate reported by our surveyed lenders remains at 5.99% APR, while the highest was again 36.00% APR. The average loan …