Banking

In recent reports, the Federal Reserve has highlighted a concerning trend: credit card debt in the U.S. has surged to a record high of $1.08 trillion, reflecting a nearly 5% increase in the third quarter of 2023. The driving force behind this spike is primarily attributed to pandemic-related uncertainties, prompting individuals to turn to credit cards as a financial lifeline.

Banking

The holiday season is upon us, and so are the incredible deals of Black Friday. But what if we told you that your shopping spree could be not just rewarding but also financially savvy? With Amazon's Black Friday deals already underway, it's the perfect time to harness the power of smart spending. At Onyx Private, we're thrilled to introduce a hassle-free way to make your holiday shopping experience even more delightful: our Onyx Debit card. Read on to discover how you can save big and earn Cashback while you shop for your holiday gifts.

Banking

The business world has been buzzing with the recent news about WeWork who was once a corporate giant, now filing for bankruptcy due to overleveraging their debt. This incident serves as a stark reminder of the risks associated with debt, and how it closely ties to our everyday financial choices, especially concerning credit cards and loans. Let’s delve into this blog post and understand the vital lessons it holds for all of us, focusing on managing our finances responsibly and exploring smarter alternatives. 

Banking

October 10th is World Mental Health Day, and in the pursuit of overall well-being, this day serves as a reminder of the intricate connection between mental and financial health. Financial stability plays a pivotal role in our overall well-being. It's no secret that money is a significant source of stress and anxiety for many individuals. The burden of mounting debt, the fear of not being able to make ends meet, and the uncertainty of an unstable financial situation can take a toll on your mental health. In this blog, we'll explore how having your financials under control can contribute to a significant improvement in your mental health.

Newsletter

Welcome to the September edition of the Onyx Private newsletter.

Investments

When it comes to low-risk investments, Treasury Bills (T-Bills) and Certificates of Deposit (CDs) are two popular options. Both offer a safe haven for your hard-earned money, but if you're looking for the better choice, Treasury Bills might just be your golden ticket. In this blog post, we'll explore why Treasury Bills are superior to CDs and why they should be a part of your investment portfolio.

Newsletter

Welcome to the August edition of the Onyx Private newsletter. In this month's edition, we are thrilled to unveil a curated selection of the best new launches across three key pillars: banking, investment, and concierge. Stay tuned for an exclusive sneak peek into our "Coming Soon" session.

Lifestyle

It’s opening week at US Open! With a total prize of $65M, the US Open is the last Grand Slam of the year and one of many remarkable stories. Arthur Ashe to whom US Open’s main court was nominated at and until today the only Black player to ever win US Open coming from the qualifiers. Another remarkable story comes from Billie Jean King who won the US Open four times and has a remarkable activist story, being nominated by LIFE magazine as one of the “100 Most Important Americans of the 20th Century.” For tennis lovers, there is even more exciting news: the connection between racquet sports and increased lifespan. This blog delves into the fascinating relationship between racquet players and their potential for enjoying longer, healthier lives.

Investments

Technology redefines how we manage and grow wealth in today's rapidly evolving financial landscape. One such innovation that has gained substantial traction in recent years is robo-advisory. This groundbreaking approach to investment management is changing the game for both seasoned investors and newcomers alike. In this article, we'll delve into the world of robo-advisory, exploring its benefits, functionalities, and how Onyx Private is leading the way with its cutting-edge robo-advisory service.