How to make the most of rising CD rates

By: Lisa Gerstner

As the Federal Reserve hikes interest rates, banks have been more generous in boosting yields on short-term certificates of deposit than on other types of deposit accounts. Even brick-and-mortar institutions — which lag Internet banks when it comes to pushing up rates on deposit accounts — are loosening the CD purse strings. Recently, with a $5,000 minimum deposit you could earn as... READ MORE

Ways to maximize returns on your cash

By: Eleanor Laise

Savers with high cash balances face a conundrum: How can they earn competitive yields without sacrificing federal deposit insurance coverage? As the Federal Reserve raises interest rates, the question takes on greater urgency. Some banks are now offering yields north of 2 percent, which is the Fed’s inflation target, “so for the first time in more than a decade, savers are in a... READ MORE

Name beneficiaries to limit cost to heirs

By: Elliot Raphaelson

An article appeared recently on the editorial page of the Wall Street Journal written by Warren Kozak, whose wife died earlier this year. Kozak indicated that his bankers had never recommended to him and his wife that they should name beneficiaries on their savings accounts. Kozak was under the false impression that the savings account in his wife’s name would automatically transfer to ... READ MORE

Get your feet wet in water-related funds

By: Alex Veiga

As natural resources go, oil tends to get more attention from investors than clean drinking water, even against the backdrop of headline-grabbing shortages in Flint, Michigan, South Africa and elsewhere. But a few funds are showing that investing in utilities and water infrastructure and technology companies can pay off, especially for long-term investors looking to diversify their... READ MORE

Money market funds offering juicier yields

By: Lisa Gerstner

For years, money market mutual funds have paid practically nothing. But each time the Federal Reserve lifts short-term interest rates, yields on money market funds tend to rise in tandem. “That’s one of their most attractive qualities,” said Peter Crane, president of Crane Data, a money fund research company. Many money funds yield more than 1 percent, and Crane expects yields on... READ MORE

Bitcoin and blockchain. Why all the hype?

By: Bradford M. Pine

I can’t tell you the number of phone calls I’ve fielded about bitcoin in recent months. The shocking rise of cryptocurrencies last year triggered a wave of media attention on this new form of money as an investment. Even my kids have asked me about it, and are investing themselves. For early adopters of cryptocurrency, 2017 was a good year. Bitcoin started that year at about $1,000... READ MORE