As we welcome Spring, the season of growth and blossoming opportunities, dedicating some of your time to reviewing and updating your financial records can pave the way for a fruitful year ahead! This March, set aside some time for financial reset, where you clean up your documents and accounts where…
Key takeaways Zelle delivers fee-free instant transfers through 2,200+ banks and credit unions, making it the fastest domestic option for most consumers. Venmo and Cash App charge no fees for standard transfers funded by bank accounts or debit cards, but credit card payments carry a 3% surcharge. PayPal supports the…
As women’s access to education and employment has steadily increased, so has their participation in the economy. However, significant challenges remain that include a wage gap between women and men, along with other barriers women face in growing their wealth. Such challenges can impact women’s ability to save, as well…
Key takeaways A cashier’s check is guaranteed by the issuing bank’s own funds, making it one of the most secure forms of payment for large transactions. Cashier’s checks cost $8 to $15 at most major banks, though many premium checking accounts and credit unions waive the fee entirely. Banks must…
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Last year, on the day before Tax Day, my mom was scheduled to fly into Philadelphia International Airport to stay…
The nation’s 75 million Social Security recipients will receive a 2.8% cost of living adjustment (COLA) increase in their benefits…
With Republicans ending the Grad Plus program, private lenders are eyeing billions in new business, while some students could be…
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Image by PM Images/Getty Images; Illustration by Hunter Newton/Bankrate Mortgage rates ticked up slightly this week, with the 30-year fixed rate averaging 6.15%, up from 6.10% last week, according to Bankrate’s latest lender survey. Current mortgage rates Loan type Current 4 weeks ago One year…
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Paying off Debt on a Fixed Income: Making Sacrifices and Learning Patience Paying off debt on a fixed income requires discipline. Jill emphasizes…
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For fintech startups, the first five years of the decade have been a roller-coaster ride. At the outset, companies were awash in easy…
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Images by Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways $10,000 in a competitive high-yield savings account (4% annual percentage yield) earns $400 in one year. Big bank savings accounts (0.01% APY) would earn only $1 on $10,000 per year. High-yield accounts are best for emergency funds and short-term savings…
DragonImages/Getty Images Key takeaways To make a budget, you’ll need to know your monthly income and monthly expenses. You’ll need to categorize your expenses and evaluate where you can find opportunities to save. A monthly budget is a plan for how you’ll spend your money each month. It can help…
Key takeaways If you need money now but can’t get a loan, products like emergency loans and payday loans may be appealing. These options may come with higher interest rates and shorter repayment timelines than a standard personal loan. Payday loans and some no-credit-check loans can have fees that translate…
Key takeaways Interest rates for business lines of credit range from 3% all the way up to 60% or higher, depending on the lender and the borrower’s creditworthiness. The best rates are offered to established business owners with good-to-excellent credit. Business lines of credit may come with additional fees, such…
Key takeaways Popular SBA 7(a) lenders include Newtek Small Business Finance, Live Oak Bank, Huntington National Bank and Readycap Lending. SBA 504 lenders have provided over $6 billion in funding to small businesses. SBA 7(a) and 504 lenders approved more than 76,000 small business loans combined. The Small Business Administration…
Moment Makers Group/Getty Images; Illustration by Issiah Davis/Bankrate Key takeaways To get a personal loan, you’ll need good credit, a stable income and a steady employment history. Bad credit loans are available, but rates can be high and loan amounts may be limited. You’ll qualify for a lower, more competitive…
Wavebreakmedia/Getty Images Key takeaways An auto loan hardship program can help if you’re facing a financial emergency and need help with your car payments. Eligibility criteria, fees and program options vary by lender. If you don’t qualify for an auto loan hardship program, other forms of debt relief are out…
PM Images/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Personal loan amounts of $50,000 are offered by banks, credit unions, online lenders and marketplace lending sites. Because they’re unsecured, they can be funded quickly and come with higher interest rates. Maximum repayment terms are typically seven years, which could…
Images by Getty Images; Illustration by Issiah Davis/Bankrate Key takeaways Unsecured loans aren’t backed by collateral, making them a higher risk for lenders. Unsecured business loan rates vary, ranging from 7% to 75% APR. With good credit, you could secure a low interest rate on an unsecured loan — between…
Key takeaways You typically cannot return a car unless the dealership has a return policy. To avoid being in a position where you need to return the car, research the history of the vehicle and the dealership’s policies. If you cannot return the car, look into refinancing your auto loan,…
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