Image by PM Images/Getty Images; Illustration by Hunter Newton/Bankrate Mortgage rates fell this week, with the 30-year fixed rate averaging 6.30 percent, compared to 6.38 percent the previous week, according to Bankrate’s latest lender survey. Current mortgage rates Loan type Current 4 weeks ago One year ago 52-week average 52-week…
A 403(b) plan is common in public schools, nonprofits and religious groups. It is a defined contribution plan where employees add money to a pre-tax or Roth account. The money is usually invested in mutual funds or annuities. Growth depends on contributions, investment performance, fees and time. Some employers may…
Certificates of deposits (CDs) continue to be worth considering as a component of your savings strategy in 2025. Yields on the best CD rates increased to highs not seen in years, thanks to the Federal Reserve raising its benchmark rate 11 times in 2022 and 2023. In 2024, yields dipped…
When the Federal Reserve changes interest rates, consumers feel the ripple effects in all sorts of ways. For savers, banks offering top interest rates tend to pay more when the U.S. central bank hikes rates and less when it cuts them. “Regardless of what the Federal Reserve decides to do,…
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Planning for retirement often comes with questions about when and how you can tap into your savings. One such question many people ask is, “Can I withdraw from my 457 while still employed?” Unlike other retirement accounts, 457 plans (also known as 457(b) plans) have…
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Key takeaways A divorce decree outlines which spouse is legally responsible for each debt after the divorce is completed. States either have community…
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JohnnyGreig/Getty Images: Illustration by Issiah Davis/Bankrate Key takeaways Conventional loans are mortgages that aren’t guaranteed or insured by the U.S. government. They’re the most popular kind of mortgage, available from virtually all types of lenders, including banks and online lenders. This type of mortgage comes with a fixed or adjustable…
Charles Schwab and Vanguard are two of the most popular brokers, and each offers a wide variety of features that help investors make smart financial moves that improve their wealth. While Charles Schwab is regularly a top performer in Bankrate’s annual best brokerage reviews, Vanguard has a reputation for low costs…
Being invited to a wedding is so exciting! It’s a chance to celebrate the happy couple and have a good time with your friends and family. But with that invite comes the tradition of giving a wedding gift . . . and the stress of figuring out the appropriate amount…
As concern grows about the global climate crisis, U.S. banking customers have been demanding environmentally-conscious accounts, and banks have been increasing their offerings. But if you’re part of the growing group of Americans who want to bank green, how do you do it? And just what is green banking, anyway?…
If you feel backed into a corner by debt and you’re thinking about filing for bankruptcy, we see you. We know you’re scared. But you can get through this. Let’s talk through what you need to know about filing for bankruptcy, so you can be as prepared as possible. Should…
Key takeaways The Prime Visa card is an excellent option for loyal Amazon shoppers who want to earn elevated cash back on their Amazon purchases. In addition to great rewards rates on eligible Amazon purchases, the card offers several Visa Signature benefits, including extended warranty protection, purchase protection and more.…
Thinking about buying a new (or new-to-you) car? Before you take out a car loan from the first dealer who gives you the thumbs-up, you need to make sure you know exactly what you’re signing up for—and how much it’ll really cost you. Right now, the average car payment is…
The world’s wealthiest people have several things in common, but one of the most prominent is that the 10 richest have more than $100 billion to their name. The very top have $200 billion or more. These amounts don’t consist of cash sitting in a bank but are mainly investments,…
If you’re considering bankruptcy—or if you’ve already filed—then you’ve probably heard about something called the 341 meeting. The 341 meeting is an important part of the bankruptcy process because it establishes the facts of the bankruptcy and decides how the debtor will repay creditors. The not-so-fun part? Creditors are also…
Key takeaways The American dream feels out of reach for many women, who are struggling with the gender pay gap and higher prices. One-fourth of women say they’re likely to be able to achieve their version of the American dream in today’s U.S. economy, compared to 33 percent of men,…
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