Key takeaways Decisions made by the Federal Reserve to increase the benchmark rate do not directly impact auto loans but rather the cost for banks to lend. The higher the Fed sets rates, the higher auto loan rates will likely be. The Fed made its third and last rate cut…
The holiday season is a time filled with joy, celebration, and, often, a lot of expenses. As the festivities wind down, many find themselves facing the reality of depleted bank accounts, credit card debt, and the daunting task of rebuilding their financial safety nets. An emergency fund serves as a…
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 cut for a third and final time in 2025 and was not changed in the first meeting of 2026, so it currently…
The Federal Reserve made no changes in its January 2026 meeting, keeping the target rate at 3.50-3.75%. The end of 2024 and through 2025 stabilized auto loan rates, and Bankrate experts predict auto loan rates are unlikely to shift much through 2026. Car prices have increased, and inventory shortages have…
Trending
Spotlight This Week
More Articles
Personal Finance
The nation’s 75 million Social Security recipients will receive a 2.8% cost of living adjustment (COLA) increase in their benefits…
Historically Black colleges and universities are on the frontlines of the One Big Beautiful Bill Act’s new limits on parent…
The big new fees JPMorgan Chase is planning to charge some financial technology companies may well trickle down to consumers,…
With artificial intelligence beginning to eat away at many white-collar entry-level jobs, and the unemployment rate for recent college graduates…
Featured Articles
VIEW press/Contributor/Getty Images Wells Fargo is a financial institution that offers its customers personal, small business, commercial, corporate and investment banking solutions. There are currently around 5,600 branches and 11,000 ATMs nationwide. Wells Fargo Bank near me You can find a Wells Fargo retail banking…
Dept Managmnt
2. Coaching and Tutoring Take stock of your areas of expertise – maybe you speak a second language or solving math equations comes…
Banking
OBSERVATIONS FROM THE FINTECH SNARK TANKBankers wants to discuss AI strategy. They’re excited about chatbots, machine learning models, generative AI tools, and AI…
Credit Cards
All News
A retirement budget compares expected income with planned expenses to see whether spending fits within available income. This process begins by listing income sources and savings and estimating how much they can provide each year. To show how a retirement budget works, let’s break down an example of a retirement…
Luxury cars come with a higher price tag, but many drivers don’t realize that the same features that make these cars feel special can also bump up their insurance costs. Leather seats, powerful engines, and high-tech safety features are all expensive to repair or replace after an accident, and insurers…
Getting a DUI in Michigan can have lasting and costly consequences. Beyond fines and legal trouble, drivers will see their insurance rates increase when their policies renew — some drivers may even get dropped by their carrier. Average rate data from Quadrant Information Services shows that Michigan car insurance rates…
F.J. Jimenez/ Getty Images; Illustration by Austin Courregé/Bankrate Virginia drivers used to be able to circumvent minimum insurance coverage by paying a $500 uninsured motor vehicle (UMV) fee. However, this is no longer the case. Drivers are now mandated by law to carry a certain amount of bodily injury liability…
Cherdchanok Treevanchai/Getty Images Key takeaways Home insurance typically covers foundation issues caused by covered perils, such as fire and severe weather events like hurricanes and tornadoes. Exclusions to coverage may include wear and tear, neglect, faulty construction and settling or expansion of soil. It is important for homeowners to maintain…
Andriy Onufriyenko/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways Credit card networks and issuers perform two distinct roles, though both can issue credit cards. Credit card issuers are responsible for card details, rates, fees and perks. Credit card networks may play a role in available card…
Bond prices have been volatile in recent years as the Federal Reserve hiked interest rates to combat high inflation, but with rate cuts paused for now, investors may still be able to take advantage of attractive yields in short-term bonds. Here’s what you should know about short-term bond funds and…
Image: Getty Images; Illustration: Bankrate A huge jump in HELOC rates to start the new year. The $30,000 home equity line of soared 59 basis points to 8.22%, as a major lender ended promotions, according to Bankrate’s national survey of lenders. Meanwhile, the benchmark five-year $30,000 home equity loan dropped…
Image by PM Images/Getty Images; Illustration by Hunter Newton/Bankrate Mortgage rates dipped this week, with the 30-year fixed rate averaging 6.24%, down from 6.25% last week and the lowest level since September 2024, according to Bankrate’s latest lender survey. Current mortgage rates Loan type Current 4 weeks ago One year…
Alexandr Dubynin/Getty Images Key takeaways Personal loans aren’t among Bank of America’s product offerings. You can access a small, affordable short-term loan if you’re a current customer and meet the eligibility criteria. You can also explore Bank of America’s HELOC, car loan, mortgage and credit card products to get the…
Editor's Pick
