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High-Yield Savings Account Rates Today: March 12, 2025 – Rates Are Steady
- Rates on savings accounts are the same compared to one week ago, with the highest yield at 5.84%.
- Traditional savings accounts usually offer low interest rates, but online banks and credit unions provide higher yields.
- High-yield savings accounts have higher interest rates, but may require membership in a credit union or a large deposit.
- Average interest rates for savings accounts are influenced by the Federal Reserve's rate changes and currently range from 0.22% to 0.24%.
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Today’s Mortgage Refinance Rates: March 12, 2025 – Rates Rise
- Today's mortgage refinance rates have risen with the 30-year fixed refinance rate at 6.72% and the 15-year fixed rate at 5.62%.
- The average interest rate for a 20-year mortgage refinance stands at 6.46%.
- The APR on a 30-year fixed-rate mortgage is now 6.75%, up from last week's 6.63%.
- Borrowers with a $100,000 30-year fixed-rate mortgage will pay about $646 per month in principal and interest.
- For a 20-year fixed refinance mortgage, the monthly cost in principal and interest would be around $743.
- A 15-year fixed-rate mortgage refinance at today's rate would cost $823 per month.
- Jumbo mortgage refinance rates have also increased, with the 30-year rate at 7.1% and the 15-year rate at 6.18%.
- Refinancing can help lower interest rates, reduce monthly payments, or pay off the loan faster.
- Consider the break-even point to determine if refinancing is beneficial, factoring in closing costs and monthly savings.
- Check your estimated loan's APR to compare additional fees and interest charges for different refinance options.
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CD Rates Today: March 12, 2025 – Forbes Advisor
- The best CD rates today can go up to 5.06%, varying based on certificate term lengths.
- CDs offer fixed interest rates for specific terms, with penalties for early withdrawals.
- Short-term CDs like three-month or six-month options can have rates up to 4.72% and 4.94% respectively.
- For one-year CDs, the highest rate is currently 5.02%, while the average APY is 1.87%.
- Two-year CDs have rates as high as 4.52%, with an average APY of 1.68%.
- Three-year CD rates reach 4.65%, while five-year CD rates can go up to 4.43%.
- Jumbo CDs offer rates up to 4.94%, with various minimum deposit requirements depending on the bank.
- Investing in CDs can provide higher interest rates compared to other savings options, with lower risk.
- CDs are protected by the Federal Deposit Insurance Corp. up to $250,000 in case of bank failure.
- The calculation of average CD rates excludes certain CD types like promotional offers, IRA CDs, and others.
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HRKatha
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Aditya Birla Education Trust ropes in Akshatha Karangutkar as head-HR
- Akshatha Karangutkar has joined Aditya Birla Education Trust as head-human resources.
- She brings over 20 years of experience in HR and has held leadership positions at NewsWire18, Dainik Bhaskar, Adfactors PR, and Bank of Baroda Financial Services.
- Her expertise lies in talent management, recruitment, digital transformation, employee engagement, employee training, and benefits.
- Karangutkar holds a BSc degree in Computer Science from St Joseph’s College, Bangalore.
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Rockpapershotgun
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Localthunk quells AI art civil war started by Balatro erotica subreddit mod
- The owner of an erotic Balatro subreddit has had their moderator status revoked from the main subreddit after a civil war surrounding AI generated art.
- Moderator DrTankHead changed the flair in the subreddit, leading to a conflict with users and developer Localthunk.
- Localthunk clarified that neither Playstack nor they condone AI 'art' and removed DrTankHead from the moderation team.
- The subreddit's rules now state 'No AI generated art or content' and a new subreddit, r/balatroromance, has been suggested for AI art.
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HRKatha
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Tata Power and NSDC to deliver skilling programmes in power sector
- Tata Power Skill Development Institute (TPSDI) will be the training partner for NSDC to deliver skilling programs in the power sector.
- The partnership aims to strengthen workforce readiness and skill development in areas such as green energy, power transmission, and power distribution.
- TPSDI plans to expand its reach by setting up more training centers across the country, focusing on providing practical and employability-enhancing skills.
- The collaboration aims to accelerate India's clean energy transition and create a digitally enabled, energy-smart workforce.
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HRKatha
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Airtel employee refuses to speak Marathi; sparks outrage in Mumbai
- A video from an Airtel store in Mumbai shows an employee refusing to speak Marathi to a customer.
- The incident has triggered discussions on the importance of Marathi language in Maharashtra.
- Akhil Chitre from the Thackeray faction confronted Airtel officials and demanded actions to integrate Marathi into company operations.
- The controversy has ignited a heated discussion on social media.
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HRKatha
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Emids appoints Abhishek Shankar as new CEO to lead next growth phase
- Emids, a leading provider of digital transformation solutions for the healthcare and life sciences industries, has appointed Abhishek Shankar as its new chief executive officer.
- Shankar brings more than two decades of experience in healthcare technology innovation, previously serving in leadership roles at Tech Mahindra and HCL.
- Under Shankar's leadership, Emids plans to deepen its role as a premier technology partner for healthtech, payer, provider, and life science organisations.
- Emids aims to accelerate digital adoption across the healthcare ecosystem by strengthening its AI, interoperability, and cloud-driven solutions.
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HRKatha
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Alvarez & Marsal appoints Sameer Singh Ahluwalia as MD
- Alvarez & Marsal (A&M) India has appointed Sameer Singh Ahluwalia as managing director (MD) to drive growth in its GCC/GBS Advisory Business.
- Singh brings over 20 years of experience in financial services, technology, and telecom. He has led more than 50 major projects, including outsourcing, vendor consolidation, asset monetization, and digital transformation.
- His expertise in greenfield setups, joint ventures, and build-operate-transfer (BOT) models will be crucial in enhancing operational efficiency for A&M’s clients. He has held leadership positions at General Electric, Bharti Airtel, HCL Technologies, and Capgemini.
- This appointment is a strategic step for A&M as it continues to expand its GCC advisory practice, reinforcing its position as a leader in global professional services.
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HRKatha
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Wriddhee Maitra takes on VP-HR role at Gland Pharma
- Wriddhee Maitra has joined Gland Pharma as vice president-human resources.
- Maitra brings extensive HR experience with previous roles at companies including Exeltis India, Glenmark Pharmaceuticals, and Abbott Healthcare.
- He is known for his professionalism and expertise in HR, coaching, and neurolinguistic programming.
- HRKatha wishes Wriddhee Maitra success in his new role at Gland Pharma.
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HRKatha
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45% employers credit company growth for increased hiring in Q2
- 45% of employers credit company growth for increased hiring in Q2.
- 38% of employers attribute increased hiring to the need for more expertise in technological advancements.
- 34% of employers believe new ventures and evolving service needs are creating new job roles and driving hiring.
- Hiring demand is highest in India's information technology sector, followed by industry and materials.
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HRKatha
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EPF subscribers to get Rs 7 lakh insurance under EPFO’s EDLI scheme
- EPF subscribers who pass away within a year of employment to be covered under revised EDLI scheme.
- Families of deceased employees eligible for Rs 50,000 financial assistance.
- Revised EDLI scheme offers insurance coverage of Rs 2.5 lakh to Rs 7 lakh.
- EPFO announces annual interest rate of 8.25% on EPF savings for FY 2024-25.
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HRKatha
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Infravision’s Noida team to expand to 100 by year end
- Infravision, an Australian technology company specializing in power transmission solutions, is expanding its operations in India.
- The newly-launched Noida facility, currently having 38 employees, will expand to 100 by the end of this year.
- The Noida facility will serve as Infravision's central hub in India.
- This expansion aims to revolutionize India's power transmission landscape with cutting-edge, sustainable technologies.
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HRKatha
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Volkswagen to cut 1,600 jobs at Cariad software unit by end of 2025
- Volkswagen's Cariad software unit plans to cut 1,600 jobs by the end of 2025.
- Cariad is the automotive software firm of the Volkswagen Group established in 2020.
- About 30% of Cariad's workforce, approximately 1,600 employees, will be affected by the job cuts.
- Volkswagen has been considering plant closures in Germany, which could result in thousands of additional job cuts.
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Forbes
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Best Credit Card Sign Up Bonuses Of March 2025
- The welcome bonus on a credit card is an enticing perk that offers additional rewards, points, or cash back to new cardholders.
- However, it's important to choose wisely, as many credit card issuers have limitations on the number of new cards you can get or the number of welcome bonuses you can earn.
- To help you make an informed decision, here are our picks for the best credit cards for bonus offers.
- Forbes Advisor's credit card editors provide unbiased ratings and information, using data-driven methodologies to evaluate financial products and companies.
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