ljubaphoto/Getty Images: Illustration by Issiah Davis/Bankrate Key takeaways The interest rate on a mortgage indicates how much interest you’ll pay for the amount you borrow. The annual percentage rate (APR) is the interest rate plus additional fees and any points. When comparing loan offers, it’s best to compare APRs to…
Christina Zelow Lundquist/ Getty Images; Illustration by Austin Courregé/Bankrate Key takeaways A cash-out refinance replaces your current mortgage with a new, bigger one. The borrower receives the difference between the two balances in cash. The terms of your refinanced mortgage might differ from your original loan, including a new interest…
Money is an uncomfortable topic for many, yet it’s an important ongoing conversation to have in a relationship. Financial secrets undermine trust. And for many, it may even feel like betrayal. More than 2 in 5 U.S. adults (43%) believe keeping financial secrets is at least as bad as physical…
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…
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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…
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Key takeaways CD early withdrawal penalties typically cost 60 to 365 days of interest, with longer terms carrying steeper penalties. Breaking a CD early may be worth it if you need funds to avoid high-interest debt, make a major down payment, or lock in significantly…
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2. Coaching and Tutoring Take stock of your areas of expertise – maybe you speak a second language or solving math equations comes…
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OBSERVATIONS FROM THE FINTECH SNARK TANKBankers wants to discuss AI strategy. They’re excited about chatbots, machine learning models, generative AI tools, and AI…
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Key Takeaways Consolidated Payments: Debt management plans simplify the process of managing unsecured debts, by consolidating various debts into a single monthly payment, reducing the risk of missed payments. Personalized Assessment: A debt management plan (DMP) begins with a detailed financial assessment to tailor a repayment plan that fits your…
Key takeaways Fleet fuel cards are specialized credit cards designed for businesses to manage and track their fuel and vehicle maintenance expenses. Different fleet cards offer various benefits, including rewards, fuel discounts and analytics for tracking vehicle movements and expenses. Businesses can choose a card based on fleet size and…
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…
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…
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…
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…
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…
Key takeaways You can get an RV loan from banks, credit unions, online lenders and at some RV-specific dealerships. Loan amounts for RVs can range from $10,000 to over $1 million, with terms of up to 20 years for secured loans and two to seven years for unsecured loans. To…
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