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Advisory Board Member Profile Photo

Michael Hershfield

Advisor

Advisory Board Member

2024

Banking and Credit Card Debt Expert

Forbes Advisor Advisory Board Member

Michael Hershfield is the founder and CEO of Accrue Savings, a company enabling leading retailers to create dedicated FDIC-insured wallets for their customers — driving acquisition, loyalty, and repeat purchasing. Inspired by how his Canadian upbringing focused on savings, Michael noticed that no one was really helping people save. With Accrue, he is addressing a critical ....Read More

Education

  • The University of British Columbia (J.D., Law)
  • McGill University (B.A., Political Science)

Experience

  • Founder and CEO of Accrue Savings
  • Over two decades of experience in product and business development
  • Expert in consumer spending, credit card debt, alternative payment methods and more
  • Empathetic leader inspired by other people's stories of resilience
  • 11 Best CD Rates Of May 2024: Up To 5.30%

    The best CD rate is on a six-month , but other financial institutions offer similar rates on CDs with different term lengths. According to the FDIC, average APYs on CDs range from , depending on the term. Our list of...
    11 Best CD Rates Of May 2024: Up To 5.30%
  • Best High-Yield Savings Accounts For May 2024

    High-yield savings accounts can help you grow your savings faster than traditional savings accounts. The best high-yield savings rates currently range from APY to APY—far higher than the national average savings account rate of , according to the Federal Deposit...
    Best High-Yield Savings Accounts For May 2024
  • Savings Rates Forecast 2024: How High Will Rates Go In 2024?

    The Federal Reserve has implemented aggressive tactics to combat rising inflation and stabilize the economy this year. Namely, it has raised rates to increase borrowing costs and slow consumption. Since March 2022, the effective federal funds rate has risen 5.00%—the...
    Savings Rates Forecast 2024: How High Will Rates Go In 2024?
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