If you need access to a substantial sum of money—and you’re concerned about high and fluctuating interest rates—a home equity loan may be right for you. With a home equity loan, you will receive a one-time payment to use how you see fit. For example, you might want to: Replace your home’s roof before the next winter’s rainy season hits Northern California. Make a down payment on a little vacation place at Trinity Lake. Give your daughter her dream wedding in a tropical locale. Consolidate several high-interest credit card debts. Pay off a mountain of medical bills. What is a …
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Author: Janeah Lucero
Recently, high-yield savings accounts have been receiving a lot of attention. Because interest rates are currently high, people have been touting them as a way to earn passive income. But is it worth it? What is a high-yield savings account? A high-yield savings account earns a higher annual percentage yield (APY) than the national average. APY is the rate of return on the money in your account that you’ll earn over a year. This includes your original deposit and the amount of compound interest (the interest you make on the interest). Many high-yield savings accounts compound their interest daily, but …
In a concerning development reported on March 19, Coast Central Credit Union has issued an urgent warning to its members about a sophisticated phone scam designed to defraud them. Members have reported receiving fraudulent calls from an individual posing as a Coast Central employee, with the caller ID misleadingly displaying the credit union’s main number, (707) 445-8801. The scammer, claiming to be affiliated with the credit union, has been contacting members under the guise of needing to verify recent or pending transactions. These include wire transfers, ACH transactions, fraud alerts, or issues related to Online Banking. The caller cunningly requests …