Image: Getty Images; Illustration: Bankrate Home equity rates became more affordable in the latest week. The $30,000 home equity line of credit sank 14 basis points to 7.18%, its lowest level in more than three years, according to Bankrate’s national survey of lenders. Meanwhile, the five-year $30,000 home equity loan…
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 ago 52-week average 52-week low…
Key takeaways Non-U.S. citizens can open bank accounts in the United States, but the process typically requires visiting a branch in person and providing extra documentation such as a passport and an Individual Taxpayer Identification Number (ITIN). Many major banks — including Bank of America, Chase, Citibank, and PNC —…
NoSystem images/Getty Images Key takeaways The Federal Reserve eliminated the six-withdrawal limit on savings accounts in April 2020, giving consumers unlimited access to their money — at least on paper. Here’s the catch: Many banks still restrict withdrawals to six per month even though they’re no longer required to by…
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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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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…
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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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Shannon Fagan/Getty Images Key takeaways Hostile takeovers often begin as friendly offers. The acquiring company may make an offer to the target company as it quietly works in the background to convince board members and management to take the deal. A potential acquirer can force the deal in one of…
Key takeaways A portfolio line of credit allows you to borrow money against your investments, similar to other types of secured loans and lines of credit. This line of credit typically has lower interest rates and more flexible repayment options than other borrowing methods. Not all accounts allow you to…
Retiring at 62 with little money can feel daunting, but it is possible with the right strategies. Many people reach their early 60s without a large nest egg. However, they can still create a sustainable lifestyle by combining Social Security benefits, part-time income and careful budgeting. Understanding how to reduce…
blackCAT/Getty Images: Illustration by Issiah Davis/Bankrate Key takeaways Almost 3 in 4 Americans (74 percent) have a credit card, but nearly half of those cardholders (46 percent) are in debt. The average American holds between 3 and 4 active cards in their wallet. Credit is also the most popular payment…
If you have no credit or need to rebuild credit after some credit missteps, credit builder apps may be worth considering. The best credit-building apps offer short-term loans and alternative data reporting that can improve your credit score with little to no cost. Results aren’t guaranteed and will vary depending…
Images by Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Paying off your mortgage early can give you a sense of security and more flexibility in your budget. Paying off your mortgage also ties your money up in your home. You won’t be able to access it unless you do…
Retiring comfortably is a common goal for many working Americans, but a majority say they’re behind on their retirement savings. According to Bankrate’s 2025 Retirement Savings Survey, three in five American workers (58 percent) say their retirement savings are behind where they should be. More than one-third of American workers…
For generations, pensions have been regarded as the gold standard of retirement security, offering guaranteed income you can count on for life. However, funding gaps, longer life expectancies and economic volatility have put pressure on many pension plans. It begs the question: do pensions run out of money? Understanding the…
Retirement planning often comes down to one big question. How much money will you really need to maintain your lifestyle once the paychecks stop? Many experts point to the “80% rule” as a simple answer. This rule suggests that most retirees can live comfortably on about 80% of their pre-retirement…
Fenton Roman / Getty Images Credit cards aren’t generally seen as the best option for borrowing money due to their high interest rates on unpaid balances. But a credit card can give you a lucrative edge over a personal loan if you need to finance a large purchase around the…
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