money market accounts

Following the Federal Reserve's latest interest rate hike, financial experts note that high-yield savings accounts and money market accounts may offer better returns to savers. Banks tend to raise deposit rates after Fed increases, meaning customers holding cash in these accounts could earn more interest in the coming weeks.

Fintech firm Revolut is testing 'Pay with Smile', a biometric payment method that lets customers pay in shops using facial recognition. The system links customers' existing KYC identity data, runs on Revolut's own point-of-sale hardware, and deducts money directly from a Revolut account, bypassing cards or smartphones. Commentators note this creates a nearly closed payment ecosystem around the company, raising both convenience and privacy questions as the trial draws attention in banking and fintech circles.

Commentators point to a rare stock market signal that, by their account, has appeared only a handful of times over the past 150 years, and are treating it as a possible warning of turbulence ahead. Investment writers, including analysts at The Motley Fool, are weighing in on where investors might position their money in response to the indicator.