The national average rate for savings accounts is 0.43%, per the Federal Deposit Insurance Corporation (FDIC). The best online banks in Illinois and elsewhere offer rates that are considerably ...

Our comprehensive list of the best CDs in Chicago can help you maximize your savings. Discover the current and updated top rates for certificates of deposits for local banks and credit unions.

Dive Brief: The Federal Deposit Insurance Corporation, Federal Reserve Board and the Office of the Comptroller of the Currency on Monday proposed taking new actions to address payments fraud ...

June 24, 2025, 7:56 PM ESTBanking & Financial Services January 29, 2025, 11:44 AM ESTBanking & Financial Services February 05, 2024, 5:28 PM ESTBanking & Financial Services September 25, 2023, 3: ...

Your deposits are also insured by the Federal Deposit Insurance Corporation for balances up to $8 million. Better still, if you fund your account with $500 or more, you get a $30 bonus.

The Federal Reserve — a key regulator of U.S. banking — is about to have a new vice chairman for supervision, Michelle Bowman, who will ultimately guide how the Fed oversees the financial ...

At the conclusion of its third rate-setting policy meeting of 2025 on May 7, 2025, the Federal Reserve announced it was leaving the federal funds target interest rate unchanged at 4.25% to 4.50% ...

The Federal Deposit Insurance Corporation (FDIC) reports that the average rate on a 12-month CD is 1.75%. However, the average for the top high-yield CDs is 4.70%, according to DepositAccounts.com.

Senate Republicans propose to cut off funding for the Consumer Financial Protection Bureau (CFPB) as part of a package to advance Trump's tax agenda.

WASHINGTON — The Biden administration had a "misguided" hostility toward mergers overall that affected bank deals, acting Federal Deposit Insurance Corp. Chair Travis Hill said Tuesday. That antipathy ...

Since the collapses of Silicon Valley Bank and Signature Bank, coverage from the Federal Deposit Insurance Corporation (FDIC) has been in the spotlight. The FDIC protects up to $250,000 per ...

Another problem is that the Senate wants to make the Fed, the Treasury, and the Federal Deposit Insurance Corporation part of a “Stablecoin Certification Review Committee.” ...