Key takeaways Grants are direct funding from a government or organization given to businesses or individuals and do not need to be repaid. It is difficult to obtain a grant and typically requires a competitive application process. If your business fills a need in the community, creates good jobs or…
Searching for the next big thing in the cryptocurrency world? Be careful — tons of scammers would love to take your money, while others are creating cartoonish websites to sell memecoins, where the only return may be a good laugh. If you’re on the hunt for a winning cryptocurrency, it’s vital…
When the Federal Reserve cut interest rates multiple times in late 2024, savers saw the annual percentage yields (APYs) on their savings accounts get cut as well. But by how much those rates dropped depended largely on what kind of financial institution was holding their deposits. Data from 2024 show…
Morsa Images/Getty Images Key takeaways The Fortune 500 represents the 500 highest-earning U.S. companies in terms of revenue. Walmart, Amazon and UnitedHealth Group are the top three Fortune 500 companies for 2025. When the list was initially created in 1955, service companies like McDonald’s were excluded, but they now make…
Trending
Spotlight This Week
More Articles
Personal Finance
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…
Featured Articles
When a disaster strikes, you’re thinking about the safety of yourself and your loved ones, sometimes followed by the daunting task of rebuilding your home. Taxes are likely the furthest thing from your mind. But when the dust settles, the government does offer some tax…
Dept Managmnt
Is this method of consolidating debts a good idea? If you are considering using a credit card as a debt consolidation option here…
Banking
When it comes to selling coconut water to the health obsessed, New York’s Vita Coco has served up a master class, schooling even…
Credit Cards
All News
Consumer debt is a growing concern affecting millions of individuals across the globe. Did you know the average consumer debt for Americans is around $105,000? (Source: Experian)It can stem from a variety of factors, ranging from unexpected emergencies like medical bills to lifestyle choices. Understanding the causes of consumer debt…
Key takeaways Depending on age, the average 401(k) account balance ranges between roughly $7,000 and $300,000, but median balances are much lower. Retirement investors should have at least one year’s worth of their salary saved by age 30, three times’ worth by 40 and ten times’ worth by 67, according…
Key takeaways In 2025, employees can elect to defer $23,500 of their salary to fund their 401(k). When including employer matches and after-tax contributions, you may be able to set aside up to $70,000 in total. Workers aged 50 and older can make catch-up contributions on top of the normal…
Key takeaways Giving money as a gift, whether it’s cash, gift cards or a money order can be convenient. You can personalize monetary gifts to suit a recipient’s preferences or needs. Understand the tax implications of monetary gifts. Gifts such as stocks, contributions to 529 plans or cash above the…
Value investing has proven to be one of the most successful investing strategies over the long term. Many of the world’s top investors, including the legendary Warren Buffett, have used the value approach to generate outstanding returns over time. In recent years, however, value stocks have drastically trailed growth stocks…
Jaskaran Kooner/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways FHA loan closing costs typically total 2 percent to 6 percent of a home’s purchase price and are charged in addition to the down payment. FHA closing costs include an upfront mortgage insurance premium (MIP), lender and third-party fees and prepaid expenses.…
Key takeaways New car replacement covers the cost of a brand new car of the same make, model and year if yours is totaled, rather than paying the claim out at actual cash value (ACV) after depreciation. This optional coverage can only be purchased for vehicles under a couple of…
Delahaye/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Down payment assistance (DPA) programs provide eligible homebuyers with loans or grants to help cover down payment and closing costs. These programs are typically reserved for first-time homebuyers or buyers with low to moderate incomes for their area. Many down payment…
As a certified student loan counselor, I’ve frequently heard borrowers complain about receiving confusing, even conflicting advice. And that’s when they can reach anyone at all — many federal loan borrowers struggle to get a human on the phone when trying to contact their assigned loan servicer. Given these struggles,…
Image by mbogacz/GettyImages/Illustration by Hunter Newton/Bankrate Key takeaways A construction-to-permanent loan finances the construction of a house and converts to a mortgage on completion. Construction-to-permanent loans require only one round of closing costs. They also require a down payment. With a construction-to-permanent loan, you can draw funds at specific phases…
Editor's Pick
