August 2025 - US Money News

Person looking at a wallet filled with cash.

Americans’ Savings Habits Revealed: Median Balance Stands at $8,000

August 25, 2025

Americans’ Savings Habits Revealed: Median Balance Stands at $8,000 Recent data indicates that the median transaction account balance in the U.S. is $8,000, a figure that may not be enough to cover several months without […]

LendingClub savings account with stacked coins.

LendingClub Launches New High-Yield Savings Account with Tiered APY

August 25, 2025

LendingClub has launched a new high-yield savings account, the LevelUp Savings account, offering a competitive 5.30% APY. However, this top-tier rate is contingent on meeting a monthly deposit requirement of $250. Savers who do not […]

Open savings account checklist financial planning

Your Essential Checklist for Opening a Savings Account

August 25, 2025

Opening a savings account is a straightforward process, often completable from the comfort of your home. To ensure a smooth experience, it’s crucial to have all necessary documentation and information readily available. This guide outlines […]

Federal Reserve’s Pause on Rate Hikes Offers Savers a Window for High Yields

August 25, 2025

The Federal Reserve’s monetary policy decisions are significantly influencing savings account yields, with current trends suggesting stability in the short term. However, potential future rate adjustments by the Fed, driven by economic indicators, could lead […]

Bank account with cash bonus visually depicted.

Unlock Cash Bonuses: Top Bank Account Promotions Available Now

August 25, 2025

Banks are currently offering attractive bonuses for new customers opening checking and savings accounts. These promotions can range from a few hundred dollars to several thousand, providing a significant financial incentive to switch financial institutions […]

Baby reaching for a piggy bank with Trump Tower background.

New ‘Trump Accounts’ Offer Financial Head Start for Babies: A Comparison to 529s and Roth IRAs

August 24, 2025

A new legislative package, dubbed "The One Big Beautiful Bill," has introduced "Trump Accounts," a novel tax-deferred savings vehicle for American children. Signed into law on July 4th, this initiative aims to provide a financial […]

August 2025: Unlocking Top Money Market Account Rates

August 24, 2025

As August 2025 approaches, consumers are actively seeking the most advantageous interest rates for their savings. Money market accounts (MMAs) continue to be a popular choice for those looking to earn a competitive yield while […]

Health Savings Account balance growing with coins.

Health Savings Account Updates: What to Expect in 2025

August 24, 2025

Navigating Your Health Savings Account: Key Changes for 2025 Health Savings Accounts (HSAs) are set to see several important adjustments in 2025, impacting contribution limits and the definition of qualifying high-deductible health plans (HDHPs). These […]

Golden coin with a dollar sign resting on a smooth, neutral surface.

Fed Holds Rates Steady: A Golden Opportunity for Savers

August 24, 2025

The Federal Reserve’s decision to maintain its current interest rate policy is providing a welcome period of stability for savers. Following a series of aggressive hikes aimed at curbing inflation, the central bank’s pause means […]

Person holding a coin near a piggy bank.

American Savings Snapshot: Median Balances Reveal Financial Realities

August 24, 2025

The State of American Savings: A Deep Dive into Account Balances Recent data reveals a significant disparity in savings across the United States. While the median transaction account balance stands at $8,000, a figure that […]