Amazon is offering a new back-to-school promotion that takes $10 off a qualifying $50 purchase on select school and office supplies.
The deal includes more than 200 eligible items, with products such as glue sticks, highlighters, markers, dry-erase supplies, pencil sharpeners and other classroom essentials included in the promotion.
Keep in mind that Amazon offers free shipping on orders of $35+, or free next-day shipping on all orders with Amazon Prime. Prime members can also share benefits with a Household member. Students and all 18-25 year olds as well as EBT/SNAP/Medicaid cardholders can get a discounted Prime membership.
Offer Details
To receive the discount:
Visit the Amazon promotion page.
Add at least $50 in qualifying products to your cart.
Make sure the items are sold by Amazon or otherwise listed as eligible.
The $10 discount should apply automatically at checkout.
The $50 requirement is based only on qualifying items. Taxes, shipping and noneligible products generally will not count toward the spending threshold.
The promotion page currently includes products from brands such as Elmer’s, BIC, EXPO, Sharpie and Bostitch. Prices and qualifying items can change during the promotion.
PROMO PAGE
Guru’s Wrap-up
This is a good promotion for families stocking up on school supplies before the new school year. The $10 discount works out to 20% off when spending exactly $50 on eligible products.
Try and build a cart as close to $50 as possible and make sure that every item counts toward the promotion before checking out.
Disclaimer: As an Amazon Associate I earn from qualifying purchases made through this article. Using links on the site for Amazon purchases is the best way you can support the site as you normally can’t earn cash back for these purchases. But, you should still check shopping portals such as Rakuten, TopCashback, RebatesMe, ShopBack and others for possible cashback. Your support is always greatly appreciated!
From ₹10,000 Salary to ₹5 Crore Net Worth: Investment Strategy, Financial Freedom & Stock Market Lessons
⏰ Time Stamps
00:00 – Highlights
00:51 – How did your career and salary journey begin?
09:09 – What is your net worth and asset allocation?
14:18 – What advice would you give to someone earning ₹40,000 to ₹50,000 per month?
18:11 – What is your framework for investing in mutual funds and stocks?
26:05 – How often do you review and rebalance your portfolio?
27:42 – What was your family’s relationship with money while growing up?
In this episode of The Net Worth Show, we sit down with Boosan Babu M, a Software Engineer by profession, and finance content creator who built a net worth of over ₹5 crore.
Boosan shares his journey from earning less than ₹10,000 per month to achieving financial freedom through salary growth, disciplined investing, high savings rate, smart asset allocation, and passive incomes. His story is a practical guide for anyone looking to understand personal finance in India, how to build passive income in India, and how to create long-term wealth through the stock market, mutual funds, equity investing, debt, gold, silver, and international investments.
This conversation covers investment strategy in India, stock market India lessons, financial independence, FIRE, portfolio management, passive income, risk management, and wealth creation strategies for investors.
💡What you will learn
• How to achieve financial freedom in India through salary growth, investing, and disciplined money management
• Why savings rate matters more than chasing high returns in the stock market
• How to build multiple income sources and passive income in India
• How to create a long-term investment strategy
• How beginners can start investing in the stock market in India without taking unnecessary risk
• Why emergency funds, health insurance, term insurance, and loan repayment are important before aggressive investing
• How to think about asset allocation, portfolio rebalancing, and risk management
• Why income generation is more important than stock picking in the early years
• Practical personal finance lessons for wealth creation, financial independence, and long-term investing
📌If you’re looking to build long-term wealth, achieve financial independence, understand investment strategy, or learn how successful investors think about money, this conversation is packed with practical insights.
Subscribe to The Net Worth Show for more conversations with India’s top investors, founders, business leaders, fund managers, and wealth creators.
High-yield savings account rates held steady and even increased going into August. With the Fed holding rates steady, banks are using this opportunity to capture savers.
As of August 3, 2026, some online banks are still offering interest rates up to 4.15% APY. This is still much better than the average of 0.38% APY, according to the FDIC.
Banks and credit unions are constantly adjusting their annual percentage yields (APYs) as markets react to Federal Reserve policy and inflation data, so staying up to date can make a real difference. Here’s where the best savings rates stand today — and what you should know before moving your money.
💰 Today’s Best Savings Rates At a Glance
Here are the best bank and credit union savings accounts rates today:
Bank or Credit Union
Top APY
Balance Requirement
EverBank
4.15%
$1
NexBank
4.15%
$1
CIT Bank
4.10%
$2,500
Always.bank
4.10%
$0
Pibank
4.10%
$0
1. EverBank – EverBank is one of the oldest online banks and currently is offering up to 4.15% APY in partnership with Raisin. They’re also offering up to a $1,200 bonus for new deposits. Read our full EverBank review.
2. NexBank – NexBank is the largest privately held bank in Texas and currently is offering up to 4.15% APY in partnership with Raisin. They’re also offering up to a $1,200 bonus for new deposits.
3. CIT Bank – CIT Platinum Savings a two-tiered savings account.
Open an account with promo code CITBoost and you’ll earn 4.10% APY* on balances of $5,000 or more for the first six months* — that’s 10x the national average savings rate.
After 6 months, you’ll return to the regular rate of 3.75% APY* with a $5,000 minimum balance. Otherwise you’ll earn 0.25% APY. See website for full details. Read our full CIT Bank review.
4. Always.bank – Always.bank is the digital banking arm of 22nd State Banking Company, they’re currently offering a competitive 4.10% APY with no minimum balance requirements.
5. PiBank – PiBank is the online brand of Intercredit Bank, N.A and offers 4.40% APY with no monthly maintenance fees and no minimum balance requirements. However, lots of consumers complain about only being allow to withdraw via wire transfer. Read our full Pibank review.
You can find a full list of the best high yield savings accounts here >>
How High Yield Savings Accounts Work And Why Rates Matter?
High-yield savings accounts function just like traditional savings accounts, but they pay a much higher annual percentage yield (APY) — often 10 to 15 times more. You can see how these rates compare to the savings rates at the 10 largest banks in America – and these rates put them to shame.
“The Fed held rates steady again last month, but banks have been slightly increasing their rates lately. The top accounts are all solidly above 4.00% APY.” – Robert Farrington
The banks and credit unions on this list typically always have above-average rates, so even if the Federal Reserve lowers rates and these accounts lower their rates, you’ll still be head.
For example, a $10,000 balance earning 4.00% APY will generate about $400 in interest per year, compared with less than $20 at a big-bank rate of 0.20%. That gap makes it worth tracking rate changes regularly and switching institutions if your current bank stops staying competitive.
However, we expect more rates to dip below that 4.00% level in the coming weeks.
What To Know Before Opening An Account
Before opening a new account, review the key details that determine how much you’ll earn — and how easily you can access your funds.
Watch For Intro Or Promo Rates: APYs can rise or fall at any time. But a strong introductory rate doesn’t guarantee long-term performance. None of the rates listed here are introductory, but some referral codes may only be temporary rates.
Transfer Limits: Federal rules no longer cap savings withdrawals at six per month, but many banks still impose limits.
Safety: Confirm that the institution is FDIC- or NCUA-insured, which protects up to $250,000 per depositor, per bank or credit union.
Access: Many top-yield accounts are online-only. Make sure you can deposit via mobile app and link external accounts for easy transfers.
These details help you separate truly high-performing savings options from accounts that look appealing but may include hidden limitations or slower rate adjustments.
How We Track And Verify Rates
At The College Investor, our goal is to help you make smart, confident decisions about your money. To create this list, our editorial team reviews savings account rates daily across more than 50 banks, credit unions, and fintechs. We verify data using each institution’s official website, rate disclosures, and regulatory filings.
Only accounts available to U.S. consumers and insured by the FDIC or NCUA are included.
Our coverage is independent and editorially driven – we never rank accounts based on compensation. While we may earn a referral fee when you open an account through certain links, this does not influence our recommendations or reviews. Our opinions are our own, based on a consistent evaluation of usability, fees, yields, and customer experience.
FAQs
How often do savings account rates change?
Banks can adjust rates daily or weekly based on market conditions.
Are online banks safe?
Yes — as long as they’re FDIC-insured. Verify coverage on the FDIC’s BankFind site.
Is interest on savings accounts taxable?
Yes. You’ll receive a 1099-INT if you earn $10 or more in interest.
Should I move my money if rates drop?
It depends on the difference in APY and your transfer limits, and frequent rate chasing can reduce returns if transfers take time.
Disclosures
CIT Bank For complete list of account details and fees, see our Personal Account disclosures.
* Platinum Savings is a tiered interest rate account. Interest is paid on the entire account balance based on the interest rate and APY in effect that day for the balance tier associated with the end-of-day account balance. APYs — Annual Percentage Yields are accurate as of July 1, 2026: 0.25% APY on balances of $0.01 to $4,999.99; 3.75% APY on balances of $5,000.00 or more. Interest Rates for the Platinum Savings account are variable and may change at any time without notice. The minimum to open a Platinum Savings account is $100.
* Platinum Savings APY Boost Promotion Terms and Conditions
This is a limited time offer available to New and Existing customers who meet the Platinum Savings APY Boost promotion criteria.
Accounts enrolled in the Platinum Savings Annual Percentage Yield (APY) Boost promotion will receive a 0.35% APY boost on the Platinum Savings current standard APY tiers for 6 months following the opening of a new account or when an existing Platinum Savings account is enrolled in the promotion. The Platinum Savings APY boost will be applied on account balances up to $9,999,999.00. Account balances above $9,999,999.00 will earn the standard APY. If the standard-published APY should change during the promotion period, the APY boost will move with it, offering an account APY above the standard rate.
The Promotion begins on February 13, 2026, and ends August 31, 2026. Customers enrolled in the promotion prior to the end date will receive the APY boost for the 6-month period outlined in the terms and conditions.
The promotion can end at any time without notice.
Editor: Colin Graves
Reviewed by: Richelle Hawley
The post Best High-Yield Savings Rates for August 3, 2026: Up to 4.15% appeared first on The College Investor.
<p>Research on communication styles among American, Chinese, and Indian employees shows how they can interpret the same guidance in dramatically different ways—and lose trust as a result.</p>
Nebius Group(NBIS +11.64%) and CoreWeave (CRWV +19.49%) both provide specialized cloud infrastructure for training and running artificial intelligence (AI) models. CoreWeave scaled rapidly through leased infrastructure, large customer commitments, and extensive debt financing. Nebius is smaller, but it designs and develops its own cloud software, storage, networking, and workload-management tools.
Image source: Getty Images.
The better stock depends on whether CoreWeave’s scale and backlog outweigh its financing burden, or whether Nebius can turn its stronger financial position into better shareholder returns.
Revenue visibility
CoreWeave generated revenue close to $2.1 billion in the first quarter (ending March 31, 2026), up 112% year over year. The company also had more than 1 gigawatt of power capacity operating across its data centers.
Today’s Change
(19.49%) $13.99
Current Price
$85.76
Key Data Points
Market Cap
$39BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Day’s Range
$69.89 – $86.20
52wk Range
$60.55 – $153.20
Volume
44.6M
Avg Vol
29M
Gross Margin
34.82%
CoreWeave ended the first quarter with $99.4 billion of revenue backlog. These figures show that it already operates at substantial scale and has strong visibility into future revenue. However, much of that backlog will not become revenue until the company delivers the promised computing capacity and makes the service available to customers.
Nebius is a smaller company, but its first-quarter revenue soared 684% year over year to $399 million. The company has also secured access to more than 4 gigawatts of power for its data center expansion. However, much of that future capacity still needs to be built and brought into operation.
Today’s Change
(11.64%) $22.17
Current Price
$212.58
Key Data Points
Market Cap
$48BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Day’s Range
$176.25 – $221.67
52wk Range
$52.88 – $299.86
Volume
28.6M
Avg Vol
19.5M
Gross Margin
7.48%
Nebius’ commercial pipeline generation was about 3.5 times the previous quarter’s level. The company has also signed multiple large customer contracts. For instance, Microsoft has agreed to pay up to $17.4 billion through 2031, subject to Nebius installing the promised graphics processing unit (GPU) systems and keeping that computing capacity available. Microsoft can also purchase another $2 billion in services or capacity, potentially increasing the contract’s total value to roughly $19.4 billion.
Meta Platforms has agreed to purchase $12 billion of dedicated capacity over the next five years. The company is also required to purchase up to $15 billion of additional capacity if Nebius cannot sell specified capacity to other customers. These agreements reduce the risk that Nebius will build expensive data centers without enough customers to use them.
Heavy financing burden
CoreWeave’s 56% adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) margin looks impressive, but its adjusted operating margin was only 1% after accounting for depreciation and amortization. Its debt-funded expansion also resulted in $536 million of net interest expense, contributing to a $740 million net loss. CoreWeave ended the first quarter of 2026 with $25.1 billion in debt and $10.1 billion in operating lease liabilities. As a result, depreciation, interest payments, and long-term lease obligations currently leave much less of CoreWeave’s revenue available to benefit shareholders.
Nebius has invested about $2.47 billion in property, equipment, and intangible assets during the first quarter. Although operating cash flow reached $2.3 billion, that figure includes a $3.2 billion increase in deferred revenue. This largely reflects customer payments received before Nebius delivers future services. While those prepayments can help fund expansion, they are not recurring free cash flow.
CoreWeave is the better operating business today. But Nebius’ lighter financial burden and focus on owned data centers could enable it to deliver better long-term returns for shareholders. Hence, Nebius appears to be a better stock, although investors should monitor whether it can bring new capacity online without excessive debt or dilution.
Citi has refreshed the American Airlines executive card. The changes are as follows:
$695 annual fee (was $595)
$500 credit for American Airlines vacation packages. Semi annual (one $250 credit January through June and another July through December) (new)
Omni Hotels (new):
Omni Hotels Champion status
Omni Hotels Free Night Credit (must complete an eligible stay of two nights first)
Avis President’s Club Status
$10 monthly GrubHub credit has been removed
Loyalty bonus points after loyalty point thresholds.
10,000 after 50,000 earned (same as before)
10,000 after 90,000 earned (same as before)
10,000 after 165,000 earned (new)
10,000 after 240,000 earned (new)
$15 Lyft credit after you complete three Lyft rides that month (was $10)
Mastercard Legend (was Mastercard Elite)
American Airlines 25% in flight discount replaced with $100 inflight and Admirals Club credit
Card earning rates:
12x on eligible hotels and car rentals booked through American Airlines (was 10x)
4x on American Airlines purchases
1x on all other purchases
Our Verdict
I don’t really see an extra $100 in value here and I already thought this card had undervalued benefits. Vacation credit would have been more interesting if it was a flat $500 but two $250 credits are extremely hard to get value from. It’s laughable that you need to complete three Lyft rides to unlock a $15 credit on a card with a $695 annual fee.
I got excited for the Omni free night certificate until I saw you needed to complete a two night stay first.
Wedding Gifts May Be Considered Acceptable Mortgage Funds
Many borrowers receive substantial monetary gifts from family and friends during wedding celebrations. One common concern borrowers have is whether those large deposits can be used toward a mortgage transaction. The good news is that in many cases, funds received as wedding gifts may be considered acceptable. A recent marriage does not automatically create a problem when documenting large deposits.
Wedding Gift Funds May Be Allowed Within 90 Days Of Marriage
Mortgage guidelines may allow large deposits from unrelated persons when the funds are tied to a wedding. If the deposits stem from wedding gifts and are received within 90 days of the date listed on the marriage certificate or marriage license, those funds may be considered acceptable for qualifying purposes.
This can be extremely helpful for newly married borrowers who arepurchasingtheir first home, combining finances, strengthening reserves, increasing available assets for closing, and preparing for a larger down payment. Proper documentation is critical when large deposits appear on bank statements.
Many borrowers become concerned when underwriters question recent deposits appearing in their bank accounts. However, not every large deposit creates a financing issue. When the funds are clearly tied to a wedding and supported by the marriage license or certificate, lenders may allow those assets to remain eligible. This is especially important for borrowers who have recently had these instances.
Opened joint accounts
Combined savings
Deposited wedding checks
Received cash gifts from guests
Received contributions from family and friends
Sometimes, the right guidance is simply knowing how to document the story behind the deposits properly.Contactus so we can help you qualify for a mortgage loan.
For the last several years, people have been waiting for a housing crash that never came. Home prices kept climbing. Buyers kept competing over asking price. Every prediction of a collapse quietly expired.
Here’s what most of those predictions missed. A real estate crash did happen. It just happened in commercial real estate, apartment buildings, retail, and office, not in the housing market most people are watching.
Same interest rate environment. Two completely different outcomes. Understanding why explains both what’s happening in your neighborhood and what’s happening to a lot of real estate investors right now.
Disclaimer: This article is for informational and educational purposes only and does not constitute financial, legal, or investment advice. Any investment involves risk, and you should consult your financial advisor, attorney, or CPA before making any investment decisions. Past performance is not indicative of future results. The author and associated entities disclaim any liability for loss incurred as a result of the use of this material or its content.
Most doctors don’t lose money in real estate because they lack motivation.
They lose it by trusting the wrong sponsor or skipping the details that matter.
Passive Real Estate Academy shows you how to vet deals like a pro, so you don’t have to learn the hard way.
LEARN MORE ABOUT PREA
Why Residential Prices Haven’t Fallen
The numbers don’t support a residential crash narrative. As of June data, home prices rose 0.3% month over month and are up 3% year over year for single-family homes, according to Redfin. The median existing home price nationally sits at $440,600, up 1.8% from a year earlier.
A crash requires a flood of supply overwhelming demand. That’s not the current picture. There are 1.56 million homes for sale, only up 1.3% from a year ago, representing 4.6 months of supply, essentially flat compared to last year.
Foreclosure headlines can be misleading here. A widely cited 21% jump in foreclosure filings sounds alarming until you see the base number. The first half of this year saw roughly 227,000 foreclosures nationally. In the same period in 2010, it was 1.65 million. A 21% increase off a small number is still a small number.
New construction has stayed flat for four years and remains below pandemic-era levels. Meanwhile, an estimated 350,000 homes are lost to fires annually in the US, quietly offsetting new inventory that never gets discussed in supply conversations.
Then there’s the rate mechanism itself. The 30-year fixed mortgage rate sits around 6.6%, tracking closely with the 10-year Treasury yield. Because lending to the federal government carries essentially no default risk, investors demand a premium to lend to individual homebuyers instead. When the 10-year yield was under 2% in early 2022, mortgage rates hovered near 3%. As inflation accelerated and the Federal Reserve raised rates, the 10-year climbed to 4.63%, pulling mortgage rates up with it.
Geopolitical events add another layer. Rate movements have tracked with developments in the Iran conflict. Energy price spikes raise inflation expectations, which pushes investors to demand higher yields as compensation. For the past four years, mortgage rates have stayed rangebound between roughly 6% and 8%, a pattern likely to continue absent a major shift in either monetary policy or geopolitical conditions.
The result is a residential market that’s expensive and slow-moving, not collapsing.
Why Commercial Real Estate Is a Different Story
Residential buyers overwhelmingly use 30-year fixed-rate mortgages. Commercial real estate, particularly value-add multifamily properties, is often financed very differently.
Many of these deals were financed with floating-rate loans on short terms, frequently three to five years, based on an assumption that rates would stay low or that a refinance would be straightforward when the loan matured.
That assumption is where the trouble starts. When a commercial loan reaches maturity, the entire remaining balance comes due at once. This is called a balloon payment, and it stands in sharp contrast to a residential mortgage, where each monthly payment simply chips away at a fixed 30-year schedule. Many of these loans also carry prepayment penalties, making even an early, strategic exit costly.
At maturity, an operator typically has three options: refinance, sell, or bring in additional capital.
Refinancing has become harder because higher rates mean lenders will only extend a smaller percentage of a property’s current value than they would have in 2021. If the property’s value has also declined, which is common in this environment, the gap between the old loan and what a new lender will offer widens further.
Selling isn’t necessarily easier. Commercial property values are closely tied to prevailing interest rates, so a sale executed today often means realizing a loss compared to the original purchase price.
That frequently leaves one remaining path: bringing in new capital. Sponsors or investors contribute additional funds to shrink the loan balance enough for a lender to approve refinancing. It’s money nobody budgeted for at the outset.
A Perfect Storm, Not a Single Cause
What’s made this stretch particularly difficult is that several pressures hit simultaneously rather than one at a time.
Interest rates rose sharply, increasing debt costs directly. Inflation pushed up operating expenses, insurance premiums in particular have climbed significantly in many markets. Rent growth slowed as tenants reached an affordability ceiling, limiting how much of those rising costs could be passed through. And in multifamily specifically, a wave of new supply built during the low-rate years is now delivering into a market where rent growth has already cooled, adding competitive pressure at exactly the wrong moment.
Rate resets, rising costs, an affordability ceiling, and new supply arriving together. That combination, more than any single factor, is what’s produced real distress in parts of the commercial market.
It’s also worth being direct about something. A lot of experienced operators, including large institutional players with far more resources than any individual sponsor, did not see this combination coming. Nobody underwrote deals in 2021 assuming rates would rise this quickly and then stay elevated this long, let alone account for something like a geopolitical shock affecting energy prices and inflation expectations.
That’s not a due diligence failure. It’s a set of conditions that hadn’t shown up together before.
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What This Means Going Forward
Real estate moves in cycles, and every cycle eventually produces both pain and opportunity, often at the same time.
The conditions currently causing distress in parts of the commercial market, loans coming due, forced sales, capital calls, are the same conditions that tend to create the next window of opportunity. Someone has to be on the other side of a forced sale. Distressed assets eventually get repriced to levels that make sense again for a new buyer.
If you’re currently invested in a commercial deal facing these pressures, that’s a real and uncomfortable situation. It doesn’t mean the opportunity in real estate has disappeared. It means that opportunity is currently showing up in a different form than it did during the low-rate years, one built around distressed pricing and disciplined underwriting rather than momentum.
Understanding the difference between how residential and commercial real estate are actually financed is the starting point for making sense of where the market goes next.
If you want to dig deeper into where we’re seeing opportunity emerge in this part of the cycle, we’re covering it at PIMDCON this September in Dallas.
Were these helpful in any way? Make sure to sign up for the newsletter and join the Passive Income Docs Facebook Group for more physician-tailored content.
Peter Kim, MD is the founder of Passive Income MD, the creator of Passive Real Estate Academy, and offers weekly education through his Monday podcast, the Passive Income MD Podcast. Join our community at the Passive Income Doc Facebook Group.
Disclaimer: I am not a CPA, attorney, or financial advisor. The information in this post is for educational purposes only and should not be construed as tax, legal, or financial advice. Please consult a qualified professional about your specific situation before making any decisions.
