TessMore Finance Blog

This post will cover the best 5-year CD rates that we know about but I want to add a caveat – I don’t think a 5 year CD at these rates makes a whole lot of sense. We are currently in a rising interest rate environment. The Federal Reserve has been increasing interest rates for the last year and, as of this writing, are still expected to increase rates. This means you will be locking in a 60-month CD at a time when rates are going up – which is generally not a great idea. Now, I will add a caveat to the caveat… sometimes we want certainty and not necessarily to maximize rates. If that’s your situation, you want the certainty of a rate for 5 years and are less concerned about whether you’re maximizing interest – we hope this will help solve that problem for you. Table of Contents Barclays – 4.50% APY BMO Harris – 4.50% APY Quontic Bank – 4.30% APY Ally Bank – 4.25% APY Discover Bank – 4.10% APY 💡 If you’re looking for the highest absolute yield, current 5-year CDs yields

Not everyone wants to manage their own investments, but finding a financial advisor you can trust can be challenging. The last thing you want is to get ripped off or sign on with an advisor that lacks the proper knowledge or experience. This is where WiserAdvisor comes in. WiserAdvisor can match you with professional advisors in their network that they have vetted in advance. The best part is that their service is free, and there’s no obligation. But is WiserAdvisor a legitimate platform? Find out in this full review. Table of Contents What Is WiserAdvisor? Pros Cons WiserAdvisor Features Directory of Financial Advisors Advisor Matching Service Financial Learning Center Financial Calculators How Much Does WiserAdvisor Cost? Who Is WiserAdvisor Best Suited For? FAQs WiserAdvisor Alternatives Zoe Financial Wealthramp Final Thoughts What Is WiserAdvisor? Launched in 1998, WiserAdvisor provides users with a directory of qualified financial advisors from ac

Understanding the Consequences of Partial Payments on Car Loans Car loans are a popular way to purchase a vehicle without paying the full cost upfront.  However, life circumstances can sometimes lead to financial struggles, causing individuals to make partial payments on their car loans.  While making partial payments may seem viable, it can lead to severe consequences, including car repossession.  Here, we will explore the impact of partial payments on car loans and what can be done to avoid repossession. Partial Payments and their Consequences When a person takes out a car loan, they agree with the lender to make monthly payments.  However, they may opt for a partial payment if they can’t make a full payment.  While partial payments may provide temporary relief, they can have significant consequences that can negatively impact a person’s credit score and financial well-being. One of the main consequences of partial payments is that they can trigger a default on the car loan.

Venmo is a popular mobile payment service that allows users to send and receive money from friends and family quickly and easily.  The service was first launched in 2009 as a payment platform for college students, but it has since expanded to become one of the most widely used payment services in the United States. Venmo works by linking a user’s bank account, credit card, or debit card to their Venmo account.  Users can then send money to other Venmo users by entering their username or phone number or by scanning their Venmo QR code.  Users can also add notes or emojis to their transactions, making it easy to keep track of what the payment was for. Venmo also has a social element, allowing users to see and like transactions made by their friends and contacts.  This feature has made Venmo popular for splitting bills, sharing expenses, and sending gifts.  Users can choose to make their transactions private or public, depending on their preferences. Venmo offers several security

The SECURE Act, which stands for Setting Every Community Up for Retirement Enhancement, offers new investment opportunities for high net worth individuals. With annuities made more accessible in 401(k)s and other defined contribution plans , there is a new level of safety in retirement planning. As a team passionate about finance and aiding high net worth individuals, this has been an exciting development for us. As a high net worth individual – your investable assets are at least $1.0 million – you may not be familiar with the benefits of annuities , which can provide a guaranteed income for life, even as traditional retirement  plans become increasingly rare. With the new opportunities created by the SECURE Act, annuities can provide a safe and stable income source throughout your retirement, ensuring long-term financial security. It's important to note that while annuities can be a valuable component of a retirement plan, they shouldn't necessarily make up the entirety o

We all have a checking account that we use to pay bills, make purchases, and deposit our paychecks. But most checking accounts don’t earn any interest, nor do they offer benefits. So, it may surprise you to learn that checking accounts exist that pay interest on deposits and cash back. Of course, the benefits vary depending on the bank, so we’re listing the best accounts here to help you find the best fit for your banking needs. Note that these are not a substitute for high-yield savings accounts – think of them as an easy way to get more oomph from your spending money (without an annual fee).   Table of Contents Discover Bank Cashback Debit Axos Bank Rewards Checking SoFi Checking and Savings Upgrade Rewards Checking American Express® Rewards Checking LendingClub Bank Rewards Checking Consumers Credit Union Rewards Checking  Wealthfront Cash Account Quontic Cash Rewards Yotta Savings Which Account is Right for Me? The best rewards checking accounts offer multiple b

Imagine this: you've worked hard all your life, and now you're at the top. You're doing pretty well for yourself, but have you taken a moment to consider what happens to your wealth when you're gone? Believe it or not, high-net-worth individuals often overlook the importance of estate planning. Failing to plan can have massive consequences, leaving your hard-earned cash in limbo. Think about your valuable bank accounts, 401(k) investments, luxurious properties, and more—it's all part of your estate. Protect your legacy with a well-designed estate plan. High-net-worth individuals often overlook the importance of estate planning, which can have massive consequences for their hard-earned wealth. According to a survey of more than 1,200 Americans by EstateExec, an online resource for executors, over 44% of adults have experienced or heard of a family conflict over assets during an estate settlement. On average, it takes about 16 months to settle an estate, which can