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…
Trending
Spotlight This Week
More Articles
Personal Finance
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…
Featured Articles
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…
Dept Managmnt
Paying off Debt on a Fixed Income: Making Sacrifices and Learning Patience Paying off debt on a fixed income requires discipline. Jill emphasizes…
Banking
For fintech startups, the first five years of the decade have been a roller-coaster ride. At the outset, companies were awash in easy…
Credit Cards
All News
Key takeaways Because the Fed’s decisions to change interest rates affect the pricing of bonds, bond investors closely monitor Federal Reserve interest rate moves. The Fed lowered rates in late 2024 but paused rates until its meeting on Sept. 16-17, 2025, when it decided to lower rates by 25 basis…
Key takeaways Uniformed service members and federal employees can borrow against their retirement plans with a TSP loan. You can borrow a minimum of $1,000. You can borrow a TSP loan for general purposes, and you can use funds to construct or close on a home. TSP loans come with…
Higher interest rates played out on stocks, cryptocurrency and commodities such as oil over the past few years. But now that the Federal Reserve has been lowering short-term rates, what can investors expect from here, and how long will the shifting rate environment impact markets? After lowering interest rates by…
Key takeaways For those wanting to grow older in their own homes, HELOCs (home equity lines of credit), home improvement loans and home equity loans may be a good way to finance the necessary renovations. If you’re moving in with a loved one, consider a personal loan or low-interest credit…
Key takeaways Your student loans could come due while you’re still in school if you drop below part-time enrollment or choose certain repayment plans. Your grades can affect your eligibility for federal student loans as well as some types of student loans. If you are notified you owe payments, and…
Investors who have held onto long-term bonds throughout the past few years might finally have their chance at seeing gains in a lower interest rate environment. Rate cuts by the Federal Reserve could push long-term bond prices higher after a period of declining values. However, as exciting as falling rates…
A dashboard-mounted camera (or “dash cam”) won’t typically lower the cost of your auto insurance automatically. Almost no U.S. auto insurers offer a direct discount for installing a dash cam, but having one in your car could still have positive payoffs. Bankrate’s insurance editorial team looked into the technology and…
Image by Chorna Olena/Getty Images; Illustration by Austin Courregé/Bankrate The Federal Reserve’s interest rate decisions influence what you pay for variable-rate home equity lines of credit (HELOCs) and new home equity loans. Let’s break down how the Fed’s monetary policy affects how much it’ll cost you to borrow against your…
This piece was originally published in early 2023 and reflects the author’s financial decisions during that time. The rest of the article has since been updated. Key takeaways With average credit card interest rates well above 20 percent, chasing credit card rewards while carrying card debt doesn’t make any sense.…
Key takeaways If you have a FICO score below 580 or a VantageScore credit score below 600, you have poor credit. You can still get access to a credit card with a score in this range, but your options will be limited. Credit cards for bad credit include both unsecured…
Editor's Pick
