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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Inverse exchange-traded funds (ETFs) offer a way for contrarian traders to bet against the expected daily performance of an asset class, such as stocks or bonds. These risky investments, often in the form of inverse short ETFs, can be valuable for seasoned market pros. But they are definitely not for…
Ahh, vacation. It’s a time to get away from everything, sleep in, eat great food, and explore a new city. But what happens when a family vacation doesn’t quite fit into the budget? Do you skip it altogether? Get expert money advice to reach your money goals faster! It depends.…
Key takeaways Investing both time and cash could score you free cryptocurrency and NFTs. Cryptocurrency developers sometimes offer free coins or NFTs to promote their projects, though you’ll need to watch out for scams. You can leverage financial tools like savings accounts, brokerage accounts and credit cards to get crypto…
Key takeaways A divorce decree outlines which spouse is legally responsible for each debt after the divorce is completed. States either have community property or common law marriages, and these laws determine how marital debt is split after divorce. The divorce settlement agreement doesn’t override your legal obligation to a…
Life is busy for all of us, so we need a few ways to make dinner fast and easy by using ingredients we already have at home. Our pantry recipes will use staple ingredients you probably have already, or you can customize them based on what is in your pantry…
Key takeaways Financial consultants develop strategic financial plans for clients based on their specific needs and goals. If you have a more complex financial situation or need help with important money matters, a financial consultant may be a good fit for you. Be sure to verify credentials, fee structure and…
Study Summary Nearly 6 in 10 say now that many parts of the country are returning to pre-pandemic life, they are ready to spend money to treat themselves. 82% say that even though many things are returning to normal, they are still very cautious with their spending. 70% of qualifying…
Key takeaways Variable annuities offer regular payouts in exchange for a lump sum or series of premium payments. These annuities pay a different amount each month depending on the performance of their underlying investments. While they offer growth potential, variable annuities carry increased risk compared to fixed annuities. Variable annuities…
So, you’re dreaming of moving to Florida—the home of Walt Disney World, Universal Orlando Resort, Kennedy Space Center and some of the country’s most beautiful beaches! Find expert agents to help you buy or sell a home. But how expensive is the cost of living in Florida? That’s a smart…
What if we told you the prices on groceries, clothes and even houses were going to drop? You’d probably be thrilled! Lower prices? Heck yes. We’re big fans of you keeping more money in your pockets too—but not when the reason for it is deflation. De—who? Deflation. So what is…
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