North American Savings Bank – 5.35% APY*.

Rates on deposit accounts closely follow the fed funds rate, so if the Fed implements a further increase, that could nudge savings rates higher still. 1-after 11 hikes in the previous 13 meetings-it has indicated that an additional increase is still on the table. Though the Fed held its benchmark rate steady for a second consecutive meeting on Nov. Always do your own independent research, due diligence and seek professional advice from a licensed investment advisor.Today’s savings accounts are paying higher interest rates than we’ve seen in more than 20 years, pushed up by the Federal Reserve’s rate-hike campaign that began in March 2022 to tame decades-high inflation. You can lose money trading or investing in stocks and other instruments. If you're an investor, you'd want to look much deeper into each of these situations.

I do not hold positions in these investments. No recommendations are made one way or the other. To read more about this type of stock screening, please take a look at the Forbes Probabilities blog post Identifying Value Stocks Is Methodology And Art. With these banking stocks, investors would want to keep a close eye on the possibility of dividend reductions or dividend eliminations. Many of these expectations have to do with Covid-19 and the Presidential election. People’s United Financial is paying a 6.17% dividend.Įxpectations about the prospects for future earnings hang over this sector and keeps valuation down. Long-term debt is less than shareholder equity. Earnings are positive for the year and their 5-year record is in the green. The price/earnings ratio is 9.17 and you can buy shares in the stock at 67% of its book value. Peoples United weekly price chart, 7 17 20.

Bust bank value