Loose Change 004: Are These 7% APY Credit Union Accounts Too Good to Be True?

Hi there, Moneymakers!?

Fed Chair Jerome Powell (a.k.a J-Pow to me, personally) is living it up in Jackson Hole today, dropping hints that the Fed may require further interest rate increases as the economy grows faster than expected. Something we'll be keeping an eye on for the next few months. In other news...

Quick Hits:

• Today is the last day to claim your share of the Facebook settlement. Don't miss out!
• Will Social Security benefits really get slashed by 23% in the next decade?
• Home values will rise 6.5% over the next year, says Zillow .

Here's What We're Talking About This Week:

Are These 7% APY Credit Union Accounts Too Good to Be True?

A handful of credit unions are offering annual percentage yields, or APYs, of 7% and up — if you satisfy the membership requirements.

Americans Say They’ll Need $5,000 a Month to Retire Comfortably

Non-retired U.S. adults now say they’ll need over $1 million in total to afford a comfortable retirement.

The Personal Loan Industry Is Booming — Here’s Why

More Americans are taking out unsecured personal loans than ever before. Here's what it means for the future.

Home Insurers Are Leaving States and Hiking Prices — Here's How to Cope

Home insurance companies are raising rates or dropping policies in California, Florida and other states. What can homeowners do about it?

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