The Fed meeting could be the end of banks paying 5% for your savings. Financial planners explain how to lock in rates now. [Business Insider]
Eagle Bancorp, Inc. (EGBN)
Last eagle bancorp, inc. earnings: 4/22 04:15 pm
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Source: Business Insider
High-yield savings and money market accounts outearn typical checking or savings accounts even when rates decline. The next Fed meeting is less than a week away, taking place on September 17-18. If the Fed decides to cut rates, savings account and CD rates will likely decline. Even more significantly, though, they'll start getting less competitive. Many banks have offered attractive rates like 5% interest savings accounts for over a year now, but that may be ending soon. There are still ways to keep earning high interest rates as rates drop, though. Financial planners have tips and strategies to help you maximize interest earnings for savings in a declining rate environment. CDs are still worth opening to maintain a high rate for longer George Salinas, CFP®, CFS®, CRPC™, and financial advisor at Manske Wealth Management , says CDs and bonds are still good options to consider opening right now. Factors like liquidity, timeframe, and overall financial strategy can help you deci
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EGBN
News
- MoCo Minute | Community bank moving headquarters to Bethesda [Yahoo! Finance]Yahoo! Finance
- EagleBank to Relocate Corporate Headquarters to 7500 Old Georgetown Road in Downtown Bethesda, Maryland [Yahoo! Finance]Yahoo! Finance
- EagleBank to Relocate Corporate Headquarters to 7500 Old Georgetown Road in Downtown Bethesda, MarylandGlobeNewswire
- Eagle Bancorp to Participate in the Piper Sandler East Coast Financial Services ConferenceGlobeNewswire
- Eagle Bancorp to Participate in the 2024 Hovde Group Financial Services ConferenceGlobeNewswire
EGBN
Earnings
- 10/23/24 - Beat
EGBN
Sec Filings
- 11/12/24 - Form SC
- 11/8/24 - Form S-4
- 11/7/24 - Form 10-Q
- EGBN's page on the SEC website