Key takeaways Grants can help Black female business owners bridge the funding gap Many grants are tailored to specifically help Black business owners and women business owners overcome racial biases Grants designed to help minority business owners overcome barriers are currently facing legal challenges Additional resources are available, including minority…
Key takeaways Call options give you the right to purchase a stock at a specific price by a specific point in time. Call options can rise many times in value, making them especially attractive for traders who want to make a lot of money. Despite the ability to make a…
MoMo Productions/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways You can check the value of your savings bond through the TreasuryDirect website. Even if you have paper savings bonds, you can check your value online, as long as you have the issue date, bond series and denomination with it. To get…
Key takeaways Lenders deny loan applications due to reasons like poor credit, insufficient collateral, industry and more. Having a small business loan denied doesn’t mean businesses can’t secure one in the future. Before reapplying for a loan, determine why the previous application was denied and make sure you’re applying with…
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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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Franek Strzeszewski/Getty Images Key takeaways Capital One offers referral bonuses for cardholders who get their friends and family to apply for their own cards. While there is no limit to how many referrals you can make, there is a limit to how much you can…
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When I finished graduate school, I had $72,000 in student loans weighing me down. But less than a year after graduation, I’d paid…
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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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Images by Getty Images; Illustration by Issiah Davis/Bankrate Key takeaways You’ll need necessary documents — including a government-issued ID, social security number, and proof of address — to open an account. If you’re denied because of your banking history, there are banks and financial technology companies that offer second-chance accounts.…
Images by GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways To afford a $1 million house with a 20 percent down payment and a 6.5 percent mortgage rate, you’ll need about $218,000 in annual income. A common housing-affordability guideline states that you shouldn’t spend more than 28 percent of your monthly…
Many people strive to achieve $1 million in savings before they reach retirement, but the reality is that most Americans struggle to meet that savings threshold. Average retirement account balances for those aged 55–64 averaged about $271,000 at the end of 2024 in plans administered by Vanguard, according to the…
Photography by Getty Images Key takeaways Citi ThankYou Rewards offers flexible redemption options, including transfers to airline and hotel partners. Points transfers typically offer more value than other redemption options, with a 1:1 ratio. It may be beneficial to pair multiple Citi credit cards, such as a no-annual-fee card and…
Credit card debt is the worst, and it can be especially burdensome for older people. Sadly, it’s a common burden. Fifty-two percent of U.S. adults aged 50 to 64 carry a credit card balance month to month, according to a recent AARP survey. Dealing with card debt at this stage…
Wong Yu Liang/Getty Images What happens when your high-yield savings account (HYSA) isn’t so high-yielding anymore? Millions of savers are finding out the hard way that the yields they signed up for during the halcyon days of 2023 are no more and that their new savings rate is noticeably lower.…
Key takeaways Home additions are time-intensive and pricey, easily hitting six figures. Zoning and local regulations will impact the scope of your project. Request quotes from multiple contractors to determine the full cost. Home improvement loans are an unsecured option to finance small to midsize additions. Need more space at…
Key takeaways Federally insured online banks usually carry the same FDIC insurance as traditional banks. Because they don’t carry the operating expenses of traditional banks, online banks can offer more competitive APYs and better rewards. Look for online banks with features that protect your data, such as multi-factor authentication, encryption,…
Photography by Getty Images; Illustration by Bankrate Knowing how to read your auto insurance policy can do more than help you file a claim — it can help you plan ahead. Maybe you’re considering driving for a rideshare service and need to check if you have the right coverage. Or…
Key takeaways Working capital financing is a type of short-term business loan designed to help businesses cover their regular operating expenses. Working capital is calculated by subtracting current liabilities from current assets. There are many types of working capital loans, including term loans, lines of credit, business credit cards, invoice…
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