Banking

Bank Account Frozen But Checks Still Clearing? Here’s Why

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Quick Answer Yes — a check can still clear a day or two after your bank “freezes” your account. A freeze blocks new withdrawal requests going forward; it usually can’t pull back an item that another bank had already accepted and pushed into the interbank clearing system before the freeze took effect. If fraudulent checks … Read more

High Yield Savings Account APY Dropped? Here’s When You Should (and Shouldn’t) Switch

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Savings rates that were sitting above 4% two years ago are now hovering around 3% at most major online banks. SoFi, Marcus, American Express, Capital One, Apple Savings — all of them have come down. If you’ve been watching your APY shrink and wondering whether you’re getting a bad deal, that reaction makes sense. It … Read more