Latest news with #national average
Globe and Mail
4 days ago
- Business
- Globe and Mail
Canadian home sales rise 2.8% in June
Canadian home sales rose 2.8 per cent June from May and were up 3.5 per cent on an annual basis, data from the Canadian Real Estate Association showed on Tuesday. The industry group's Home Price Index edged down 0.2 per cent on the month and was down 3.7 per cent annually, while the national average selling price was down 1.3 per cent on the year.
Yahoo
5 days ago
- Automotive
- Yahoo
Here's What It Costs To Charge a Tesla Monthly vs. Using Gas for a Nissan Rogue
As gas prices continue to rise and electric vehicles (EVs) become more popular, many drivers are wondering whether making the switch saves money month to month. Trending Now: For You: The Tesla name has become almost synonymous with EVs, but how do charging costs stack up against fueling something like a Nissan Rogue, one of the most popular gas-powered SUVs in the U.S.? The answer mostly comes down to three things: how much you drive, how you charge, and where you live. Let's break down the monthly cost difference using average prices and typical driving habits. We'll use the Tesla Model 3 Rear-Wheel Drive as our benchmark. According to Tesla, it consumes about 25 kilowatt-hours (kWh) per 100 miles. The average U.S. residential electricity rate was 17.11 cents per kWh as of March 2025, per the U.S. Energy Information Administration. Assuming you drive 1,200 miles per month: 1,200 ÷ 100 x 25 kWh = 300 kWh used 300 kWh x $0.1711 = $51.33 per month Most Tesla owners charge at home, but if you rely on Superchargers, where rates can range from around 25 cents to 60 cents per kWh depending on time and location, your monthly charging cost could land anywhere between $75 and $180, based on how much you drive. Check Out: According to Nissan's official website, the 2025 Rogue S and SV front-wheel-drive models have a 33 mpg combined fuel economy rating (30 city and 37 highway). Assuming the same 1,200 miles per month: 1,200 ÷ 33 mpg = 36.36 gallons of gas The national average gas price as of June 2025 is $3.14 per gallon, according to AAA 36.36 gallons x $3.14 = $114.16 per month This can vary depending on local gas prices and your specific trim or drivetrain. Vehicle Monthly Mileage Fuel Type Efficiency Monthly Cost Tesla Model 3 1,200 Electricity 25 kWh/100 miles $51 Nissan Rogue 1,200 Gasoline 33 mpg (FWD) $114 Charging a Tesla at home saves about $63 per month or roughly $750 per year, compared to fueling a Rogue. While savings shrink if you rely on public charging, they can still be substantial. While Tesla charging is cheaper, there are some upfront and ongoing costs to consider. Installing a home charger can cost between $500 and $1,500, depending on your electrical setup. Insurance premiums for EVs like Teslas may also be higher and repairs can be more expensive out of warranty. That said, EVs typically require less maintenance, no oil changes, fewer moving parts and no transmission work. Meanwhile, the Rogue's fuel economy may drop in cold weather or during stop-and-go city driving, potentially increasing your monthly gas bill. If you're charging at home, a Tesla is significantly cheaper to 'fuel' each month than a Nissan Rogue. While exact savings depend on your location and driving habits, most EV owners can expect to spend far less on energy costs, making the switch not just environmentally friendly, but also financially wise. More From GOBankingRates Mark Cuban Warns of 'Red Rural Recession' -- 4 States That Could Get Hit Hard 8 Common Mistakes Retirees Make With Their Social Security Checks 7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth This article originally appeared on Here's What It Costs To Charge a Tesla Monthly vs. Using Gas for a Nissan Rogue
Yahoo
5 days ago
- Business
- Yahoo
Best CD rates today, July 14, 2025 (Lock in up to 5.5% APY)
Today's CD rates still hover well above the national average. The Federal Reserve reduced its target interest rate three times in 2024. This had a ripple effect on deposit account rates, which means now could be your last chance to lock in today's high rates with a certificate of deposit (CD). Here's a look at today's best CD rates and where you can find the best offers. As of July 14, 2025, the highest CD rate is 5.5% APY, offered by Gainbridge® on its 5-year CD. There is a $1000 minimum opening deposit required. Here is a look at some of the best CD rates available today from our verified partners. Questo contenuto incorporato non è disponibile nella tua area geografica. If you're considering a CD, these rates are some of the highest available, especially when compared to the national average rates, which are significantly lower. It's also worth noting that online banks and credit unions generally offer more competitive rates compared to traditional brick-and-mortar banks. Read more: What is a good CD rate? Here's a look at the average CD rate by term as of June 2025 (the most recent data available from the FDIC): The highest national average interest rate for CDs stands at 1.77% for a 1-year term. However, in general, today's average CD rates represent some of the highest seen in nearly two decades, largely due to the Federal Reserve's efforts to combat inflation by keeping interest rates elevated. If you're thinking about opening a CD, it's important to choose one with a high APY and term length that matches your financial goals. Here are some tips for finding the best CD rates and accounts that match your needs: Shop around: It's a good idea to evaluate CD rates from a variety of financial institutions and compare your options before settling on an account. You can easily compare CD rates online. Consider online banks: Online banks tend to have lower overhead costs, which allows them to offer higher interest rates on CDs. In fact, online banks often have the most competitive rates available. Check minimum deposit requirements: Higher CD rates might come with higher minimum deposit requirements, so make sure the amount you plan to deposit aligns with the requirements to get the best rate. Review account terms and conditions: Beyond the CD's rate, look at terms for early withdrawal penalties and auto-renewal policies. Some CDs offer better terms for flexibility, such as no-penalty CDs, which allow you to withdraw your funds without a fee before the maturity date.
