Banking
The big new fees JPMorgan Chase is planning to charge some financial technology companies may well trickle down to consumers, several fintech CEOs tell Forbes. Two months ago, Chase sent messages to fintech data aggregators like Plaid, whose software connects fintech apps to consumers’ bank accounts. The bank said it would be introducing new fees for the aggregators to access to consumers’ bank data, which had previously been free. The fees are set to take effect very soon, since Chase told aggregators they’d start charging them in 60 days. Chase spokesperson Drew Pusateri says the bank is still in active…
The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.Federal Reserve officials completed a two-day meeting on September 18 and announced a federal funds rate decrease of 50 basis points.[0] This is the first decrease in more than four years. The target range is now between 4.75% and 5.00%. Previously, the target was 5.25% to 5.50%. With the recent announcement, savers are likely to see slight dips in savings rates.Will high-yield savings…
Our Nerds say:“When choosing a savings account, a high rate isn’t the only thing you’ll want to consider. You’ll want to see whether there are any monthly fees or withdrawal limits. “It’s also important to pick an account that meets your overall banking needs. If you want your checking and savings accounts to be at the same bank, for example, you’ll want to go with an institution that offers both checking and high-yield savings.”- Margarette Burnette, NerdWallet banking writerBest high-yield savings accounts: full list of editorial picksWhen selecting the best high-yield savings accounts, NerdWallet uses multiple data points, including monthly…