Getty Images / Win McNamee / Staff Key takeaways The Federal Reserve’s September rate cut is likely the beginning of lower yields on CDs and other deposit accounts. Locking in a CD now can secure today’s higher rates, which are still outpacing inflation. Don’t rush to put money into a…
Bloomberg Creative/Getty Images Key takeaways The federal funds rate impacts how expensive it is for lenders to loan money, so consumer loan rates typically change when the federal funds rate changes. During the Federal Open Market Committee’s July meeting, the regulatory body announced it would hold the federal funds target…
Image by GettyImages; Illustration by Bankrate A split decision for home equity rates, as the Federal Reserve delivered an expected quarter-point interest rate cut, the first rate reduction this year. The average rate on a $30,000 home equity line of credit fell five basis points to 8.05 percent, according to…
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…
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The big new fees JPMorgan Chase is planning to charge some financial technology companies may well trickle down to consumers,…
With artificial intelligence beginning to eat away at many white-collar entry-level jobs, and the unemployment rate for recent college graduates…
If a society is going to make intelligent choices in policy, it helps to understand reality, which includes facts and…
New York startup Casap has raised $25 million in new funding to help banks tackle the thorny problem of credit…
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If we have long been guilty of over-borrowing student loans for college, perhaps part of the solution is using a different — but similar — private financial product. Annual student loan borrowing has tripled since the 1990s And yet, average net tuition has increased by…
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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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When it comes to selling coconut water to the health obsessed, New York’s Vita Coco has served up a master class, schooling even…
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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,…
The 2024 presidential election is officially behind us, and the results are in: Donald Trump will be the next president of the United States. For some of you, that news probably has you super excited and ready to throw a party! But for many of you, we know you’re either…
Hero Images Inc/Getty Images Key takeaways While lawyers draft wills and trusts, financial advisors help align those legal documents with your full financial picture, from investments to insurance. From organizing documents to setting up trusts, advisors help manage the many moving parts of estate planning so nothing falls through the…
For many of us, investing is how we save for retirement, college education and other life events. After setting our financial goals and building a diversified portfolio, we can watch our investments grow over time. But as the years go by and situations change, we may need to adjust those…
Have you watched the news lately, scrolled through TikTok, or looked at X (RIP Twitter) lately? Or maybe spent time around that one friend who’s a self-proclaimed real estate expert? If so, then chances are you’ve heard that mortgage interest rates and home prices are pretty high these days—which is…
Are you being hounded by debt collectors? The constant phone calls, harsh language and threats to sue can be overwhelming and downright scary. Unfortunately, you also have to watch out for debt collectors who try to trick you into paying for a debt that’s already been paid or a debt…
Short on cash? Need a loan to renovate your kitchen? Upgrade says they can help (for a fee, of course). Upgrade personal loans and credit cards may seem like an easy, risk-free way to borrow money. But don’t be fooled by the name—doing business with Upgrade won’t actually upgrade your…
If you’ve done any shopping recently, then you’ve probably seen an option at checkout to split up your total into four (or more) “easy payments.” One of the biggest companies offering these kinds of buy now, pay later plans is Affirm. But is it a good idea to use Affirm…
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