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Goldman Sachs leads $48.5m series B funding for Float Financial

Private Equity Insights

Series B funding round for Float Financial, a Canadian business finance platform. This new funding raises Float’s total capital secured over the past 12 months to $83m, including a $34.6m This funding round highlights the confidence of private equity investors in Float’s innovative approach to business finance.

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Here's the Average Savings Account Balance for Middle-Class Americans

The Motley Fool

Image source: Getty Images Having money in a savings account is important. Those are funds you can use for big purchases so you don't have to finance them. Let's take a look at how we're doing when it comes to account balances. Let's take a look at how we're doing when it comes to account balances.

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Is $100,000 Too Much to Have in Your Savings Account?

The Motley Fool

Image source: Getty Images Having $100,000 in your savings account is an impressive achievement, and it's far more than what most people have saved. The median savings account balance is $1,200, according to a study last year by The Motley Fool Ascent. But that doesn't necessarily mean you should keep $100,000 in your savings account.

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2 Questions You Should Ask When Deciding Between a Savings Account or CD

The Motley Fool

Image source: The Motley Fool If you've got some extra cash you're trying to decide what to do with, you've probably considered either a high-yield savings account or a certificate of deposit (CD). If you don't have any money in your emergency fund, putting some of it into a savings account is probably your best option.

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Is $25,000 Enough to Have in Your Savings Account?

The Motley Fool

So if you have $25,000 in your savings account , you're clearly in a much better place. But if your expenses are higher, then a $25,000 balance in savings may not amount to a complete emergency fund. So in that case, you'd need more than $25,000 for a three-month emergency fund. That's pretty scary. You'd think that it would be.

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4 Biggest Mistakes You Can Make With Your Checking Account

The Motley Fool

Image source: Getty Images Most Americans have a checking account -- 90.7%, according to the most recent Survey of Consumer Finances. That's good, because this type of account is an important tool for managing money. Ideally, your checking account shouldn't cost you any money. It's better to avoid this situation entirely.

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Here's Why I Don't Use My Health Savings Account for Medical Costs

The Motley Fool

Image source: Getty Images HSAs (health savings accounts) are the unsung hero of personal finances. These accounts allow people with qualifying high-deductible insurance plans to set aside $4,150 for single plans and $8,300 for families out of pre-tax dollars. Once you hit age 55, you can add another $1,000 per year. Here's why.