Key takeaways Standard FDIC and NCUA insurance covers up to $250,000 of deposits and interest earned on those deposits. Online-only banks also provide FDIC insurance, but fintech companies aren’t part of the FDIC network. Before you open an account at a bank or credit union, it’s wise to verify that…
The holidays are quickly approaching, and your shopping may already be in full swing as you search for the perfect presents and festive decorations to celebrate Christmas, Hanukkah or Kwanzaa. Shoppers expect to spend an average of $902 per person on gifts and other holiday expenses during the 2024 holiday…
Key takeaways A life insurance rider is a policy endorsement or add-on that exists to help individuals tailor their life insurance policy to their unique needs. Policyholders are able to add as many life insurance riders as they need to their policy as long as they are willing to pay…
Key takeaways The Federal Reserve doesn’t directly set auto loan rates — but it does affect the cost for lenders to borrow money. The Federal Funds rate was recently cut for the third time in four years and now sits at 4.25-4.5 percent. High interest rates have offset any concrete…
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TomoCredit, a five-year-old San Francisco startup that claims it boosts consumers’ credit scores, is facing a growing number of problems,…
This founder built his brand on a simple idea: Forget about changing the world. Get rich doing mundane and even…
The 2024 presidential election has ended, and Donald Trump is poised to retake the White House, with big implications for…
Voters in Washington State have decided to keep the state’s first-in-the-nation public long term care insurance program. On Tuesday, they…
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Credit Sesame discusses expectations for interest rate cuts in 2025 and the effect on the stock market. The Federal Reserve delivered one of the most unpopular rate cuts in recent history at the December 18 meeting, the last in 2024. The Federal Open Market Committee…
Dept Managmnt
Key takeaways A lien serves as an official notice that you owe a creditor for unpaid property. If you do not pay, the…
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With interest rates easing and inflation cooling, small businesses are getting a much-needed break. A change to the Small Business Administration’s (SBA) refinancing…
Credit Cards
Key takeaways Actively using a credit card responsibly can help improve your credit score over time. Using your credit card like a debit…
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Key takeaways The Hilton Honors American Express Card is Hilton’s only no-annual-fee card. This card is a solid choice for people who prefer staying at Hilton properties, but might not do so often enough to justify paying an annual fee. One of the top benefits of this card…
Key takeaways The JetBlue TrueBlue program is ideal for anyone who prefers to fly with JetBlue, travels frequently to JetBlue’s service destinations or wants to pool points with other TrueBlue members. The best way to earn and redeem points in this program is by flying with JetBlue. This program offers…
Key takeaways Capital One launched its own airport lounge program in 2021 with the release of the Capital One Venture X Rewards Credit Card. Cardholders with the Capital One Venture X Rewards Card and the Capital One Venture X Business Credit Card get free access to Capital One airport lounges.…
If you itemize on your taxes, you may be able to take advantage of a valuable deduction to reduce your taxable income. The state and local tax (SALT) deduction is a federal tax deduction that allows taxpayers to deduct the money they spend on state and local taxes. The amount…
Key takeaways The American Express Mobile App offers useful features for consumers, including the ability to transfer funds and track purchases all in one place. Consumers with rewards credit cards from Amex can also use the app to track and redeem their points, whether they earn cash back or American…
Images by Getty Images; Illustration by Issiah Davis/Bankrate The average savings account rate is a benchmark for the overall interest-rate environment, but it’s not a rate you should settle for. Rather, aim for an annual percentage yield (APY) many times the national average, such as those offered by high-yield savings…
Key Takeaways Many banks and credit unions offer unique perks, such as referral bonuses and cash back rewards for everyday debit card purchases. You can also find out-of-the-box benefits, such as free subscriptions, entertainment discounts and cell phone insurance. Being aware of these perks can help you choose a bank…
Key takeaways Both the Discover it® Cash Back and the Citi® Diamond Preferred® Card are good choices for consumers who want to transfer their existing debt to a card offering an intro APR on balance transfers. The Citi Diamond Preferred offers a longer introductory period on balance transfers, but Discover…
Kentaroo Tryman / Getty Images Key takeaways LLC business loans are similar to regular business loans, but they cater to LLCs Common loans available to LLCs include SBA loans, term loans and business lines of credit A personal guarantee may still be required for an LLC loan Many business owners…
Bloomberg / Contributor/Getty Images The Consumer Financial Protection Bureau (CFPB) announced today that a new rule going into effect in October 2025 will cut overdraft fees and end a bank overdraft loophole that has cost Americans billions of dollars each year in unnecessary fees over several years, while benefitting banks.…
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