Sallie Mae Bank review: high APYs, no monthly fees

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Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

  • Sallie Mae Bank (Member FDIC) is an online bank that offers savings accounts, a money market account, and CDs.
  • The SmartyPig savings account lets you name individual savings goals and set deadlines.
  • The bank doesn’t have a checking account, so you’ll have to transfer funds to an external bank account to access your savings, which could take a couple business days.
  • Sallie Mae pays competitive rates on its savings and money market accounts, but you can find better CD rates elsewhere.
  • See Business Insider’s picks for the best CD rates »

You might like Sallie Mae if you:

  • Are comfortable banking digitally
  • Want to earn a competitive APY on a
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Film, TV work at risk with no COVID-19 insurance

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OTTAWA — Two Canadian film and television organizations say hundreds of productions and thousands of jobs are on hold because the government has yet to intervene and help them get COVID-19 insurance.

The Canadian Media Producers Association and the Association québécoise de la production médiatique say $1 billion in production volume is at risk because of the lack of insurance options.

They have identified 214 camera-ready film and TV projects that cannot move forward because they can’t find insurance and say those productions would generate 19,560 jobs.


The organizations pitched a federal government-backed insurance program in June, but say politicians have yet to act on the proposal.

The groups say the lack of government help now means that the entertainment industry is facing an even more dire situation and they hope intervention will come soon.

Several Canadian productions were halted when COVID-19 started spreading across the country in March, but

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TuanChe Announces Unaudited Second Quarter 2020 Financial Results | News

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BEIJING, Sept. 18, 2020 /PRNewswire/ — TuanChe Limited (“TuanChe,” “Company,” “we” or “our”) (NASDAQ: TC), a leading omni-channel automotive marketplace in China, today announced its unaudited financial results for the second quarter ended June 30, 2020.

Key Second Quarter 2020 Financial and Operating Metrics Compared with the Prior Year Period

The Company’s financial and operational results for the second quarter of 2020 have been materially and adversely impacted by the COVID-19 pandemic:

  • Net revenues decreased by 73.1% to RMB54.7 million (US$7.7 million) from RMB203.5 million.
  • Gross profit decreased by 70.1% to RMB43.0 million (US$6.1 million) from RMB144.0 million. Gross margin increased to 78.6% from 70.8%.
  • Quarterly number of organized auto shows across China decreased by 82.3% from 344 in 186 cities to 61 in 56 cities. Quarterly number of special promotion events decreased by 48.7% from 154 to 79.
  • Quarterly number
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Bank of Montreal Announces AT1 Limited Recourse Capital Notes Issue

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TipRanks

Goldman Sachs: These 3 Stocks Are Poised to Surge by at Least 50%

Is it time for the bears to break out the champagne glasses? Not so fast, says Goldman Sachs. Volatility has ruled the Street for the last few weeks, leading some to conclude that those with a more pessimistic outlook had been vindicated, but the firm believes stocks can still climb higher.According to Goldman Sachs’ head of U.S. equity strategy, David Kostin, the S&P 500 could still hit 3,600 by the end of the year, and 3,800 by mid-2021, on the back of vaccine-related optimism and progress with the economic reopening. This would reflect gains of 10% and 16%, respectively, should the index ultimately reach these targets.“Despite the sharp sell-off in the past week, we remain optimistic about the path of the U.S. equity market in coming months. The Superforecaster probability of a mass-distributed vaccine by Q1

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Why Barrett Business Services (BBSI) Could Be a Top Value Stock Pick

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Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends?

Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Barrett Business Services, Inc. BBSI.

Barrett Business Services in Focus

BBSI may be an interesting play thanks to its forward PE of 15.7, its P/S ratio of 0.5, and its decent dividend yield of 2.1%. These factors suggest that Barrett Business Services is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that BBSI has decent revenue metrics to back up its earnings.

Barrett Business Services, Inc. PE Ratio (TTM)

Barrett Business Services, Inc. PE Ratio (TTM)

Barrett Business Services, Inc. pe-ratio-ttm | Barrett Business Services, Inc. Quote

But before you think that Barrett Business Services is just

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Health Insurance Options When Leaving a Job

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Question: I’m thinking about leaving my job and starting my own business, but I’ll lose my health insurance from work. Can I sign up for coverage through HealthCare.gov now, or do I have to wait until open enrollment?

Answer: You usually need to wait until open enrollment to buy individual health insurance, but you can get coverage anytime during the year if you’re eligible for a “special enrollment period.” To qualify, you must have experienced one of several life changes, which include leaving your job and losing your employer health coverage; moving to a new zip code; getting married; having a baby or adopting a child; or losing health insurance because you got divorced or legally separated. If you qualify for a special enrollment period, you usually have up to 60 days following the event to enroll in a new health insurance plan. See Healthcare.gov for more information about special

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Team8 recruits a financial all-star team to form Fintech foundry

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Israeli founded Team8, which is a think tank and foundry comprised of leading minds from Israel’s innovative tech ecosystem and backed by strategic funding from Microsoft, Walmart, Barclay’s, Moody’s, among others, announced the launch of Team8 Fintech. The fintech-focused venture will be led by Rakefet Russak-Aminoach, who is the former CEO & President of Israel’s biggest bank Leumi Group. Russak-Aminoach will be joined by former Payoneer CEO & founder Yuval Tal, who at the beginning of the month stepped down from his position at the digital payment Unicorn to join the think tank; E-trading digital brokerage eToro founder Ronen Assia will also hop on the Team8 Fintech venture, along with former Head of Business Development for PayPal across Eastern Europe, Israel and Africa, Galia Beer-Gabel.

“Today, we are joining forces with giants. Financial Services are first and foremost about Trust. To make them more efficient, available and ultimately fair, Digital

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Smart Consumer Technology Startup Dreame Technology Raises Nearly USD 15 Million in Series B+ Funding Led by IDG Capital

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TipRanks

These 2 Penny Stocks Could Rally All the Way to $11, Says Cantor

Is more volatility on tap for stocks? Following a three-week losing streak, the longest in about a year, all eyes are on the market. The three major U.S. stock indexes have struggled for the last few weeks as the titans of tech, which have fueled the charge forward from COVID-induced lows, came under pressure due to overheated valuations, with market watchers waiting to see how renewed lockdown fears will come into play.So, what’s the bottom line for investors? Even though uncertainty remains as Wall Street gears up for the fourth quarter, the pros are pounding the table on a select few names, noting that these tickers boast strong long-term growth narratives.Bearing this in mind, our focus shifted to two penny stocks backed by investment firm Cantor. Major gains could be in store, as the firm’s analysts

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Are Investors Undervaluing Barrett Business Services (BBSI) Right Now?

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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.

Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.

On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the “Value” category. Stocks with high Zacks Ranks and “A” grades

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Brazil’s central bank examines the benefits of a CBDC

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The Central bank of Brazil — or Banco Central do Brazil — is laying the groundwork for a Central Bank Digital Currency (CBDC) with an official statement revealing it has already formed a dedicated group to study the crypto industry.

According to the central bank, the team consists of 12 members in an intergovernmental group that will assess how the CBDC could fit with the national payments ecosystem and what its impact could be on the economy and the society.

Previous reports detailed that Brazil spends around 90 billion reals ($16 billion) annually to guarantee a functional supply of paper money in circulation, representing between 1% and 2% of its GDP. 

The central bank says that the new group will examine how much money will be saved by issuing CBDCs and if it will be beneficial overall for the national economy. 

Rafael Sarres de Almeida, an official from the Information

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