MoMo Productions/Getty Images Key takeaways Almost all workplace 401(k) plans let workers save extra money for the future, so long as you meet age requirements. Those age 50 or older can contribute an extra $7,500 per year. And, starting this year, individuals aged 60-63 can now make “super catch-up” contributions…
Photography by Getty Images; Illustration by Bankrate Key takeaways Snow and ice are covered by home insurance in some instances, like if your roof collapses or a tree falls on your home. When it comes to roof leaks, it will depend on scenario specifics. Some snow-related roof leaks will be…
Key takeaways Credit card issuers may choose to reject your application even if you have a good or excellent credit score. Factors like previous credit mistakes, too many applications and too many cards can affect your approval odds. If you were denied a credit card with good or excellent credit,…
Key takeaways Seasoning, for mortgage-related purposes, refers to the amount of time you’ve had funds in your bank account — specifically, the money to cover the down payment and closing costs. For mortgages, money becomes “seasoned” after it’s been in an established account from 60 to 90 days. Seasoning requirements…
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While there has been much conversation on not buying from companies with poor diversity, little has been said about investing…
Lifestyle inflation occurs when your expenses increase as you earn more income. It can start subtly—dining at pricier restaurants, upgrading…
Chime, the largest digital bank in America, grew its revenue to $1.7 billion in 2024, an increase of roughly 30%…
Technology has transformed some parts of the daunting homebuying process–making it easier to search and compare properties online, to prepare…
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Since President Donald Trump took office earlier this year, the regulatory agencies that oversee the U.S. mortgage market have been on the chopping block. The Trump administration has moved quickly to scale back both the size and the scope of the federal government, including ordering…
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By Garrett Johnson For Canadians, tariffs on American goods could mean higher prices for the average consumer. With over 70% of Canada’s trade…
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Apple, FedEx and Oracle all got loans guaranteed by the Small Business Administration. But rules and red tape keep many banks from making…
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Key takeaways Dealership car loans offer convenience, but you will likely find better deals on interest rates by getting a loan from a bank, credit union or online lender. To secure the best auto loan rate, whether at the dealership or elsewhere, it is essential to arrange financing ahead of…
Image by GettyImages; Illustration by Bankrate New week, new lows for home equity loans and lines of credit. The average rate on a $30,000 home equity line of credit (HELOC) dropped two basis points to 8.04 percent, its lowest level since 2023, according to Bankrate’s national survey of lenders. Meanwhile,…
The Federal Deposit Insurance Corp. (FDIC) standard insurance limit hasn’t changed in more than a decade. The FDIC insurance limit has only increased seven times in its 90-year history, making each change a significant event in the American banking system. These changes have occurred for various reasons over the years.…
Barry Winiker/Getty Images Despite being one of the 13 original colonies, historic Massachusetts has all-too-contemporary real estate prices. As of February 2025, homes were selling for a median price of $614,000, according to Redfin — making it one of the most expensive states to buy property in. Luckily, first-time homebuyers…
The traditional certificate of deposit (CD) is far from being the only CD product available to savers. Financial institutions offer a variety of CDs, giving savers more flexibility to manage their money when economic winds change. Rates on many CDs rose in 2022 and 2023, after which they leveled off…
Key takeaways Small business loans are not hard to get from online lenders that tend to have more relaxed lending requirements than traditional banks. Personal loans tend to also have relaxed eligibility requirements, such as accepting a bad personal credit score. The choice between the two comes down to which…
Connecticut ranks seventh in Sharecare’s Community Well-Being Index, a signal that living here translates to a higher quality of life compared to other states. But living in Connecticut doesn’t come cheap: In 2025, home prices in Connecticut were up 9.9% compared to 2024, according to Redfin. If you’re a first-time…
Key takeaways Homeowners insurance protects the borrower’s and lender’s investment in the home, while mortgage insurance financially protects the lender’s investment in the home if the homeowner defaults on their loan. Mortgage insurance is typically required for borrowers who make a down payment of less than 20 percent when purchasing…
Julia Barnard was working her “dream job,” pouring her “heart into the work” of helping education debtors nationwide. Until Barnard — the last student loan ombudsman at the hotly-contested Consumer Financial Protection Bureau (CFPB) — was abruptly (and some argue, illegally) fired by the Trump Administration on Feb. 13. Barnard’s…
Bitcoin’s price has been on a roller coaster ride since it first debuted in January 2009, but the long-term trajectory has been higher — “up and to the right,” as they say. Bitcoin ushered in the age of cryptocurrency, but it took quite a while before the public sat up…
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