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…
Federal Reserve Chair Jerome Powell said that policymakers are hearing that a significant segment of American consumers are still looking to “economize” their purchases and trading down as they feel the effects of stubborn inflation on…
The IRS is changing how Americans can make catch-up contributions to their workplace retirement accounts, which could have significant implications for retirement planning and budgeting. A new rule took effect at the outset of 2026 that altered how high-income earners make catch-up contributions to their workplace 401(k) retirement plan, as those over…
Key takeaways Your credit card APR can go up if the prime rate changes, you paid your credit card bill late, your intro APR offer ended or your credit score dropped. If your APR increases, you can work on paying down your balance or transfer your balance to a card…
Image by PM Images/Getty Images; Illustration by Hunter Newton/Bankrate Mortgage rates fell this week, with the 30-year fixed rate averaging 6.18%, down from 6.25% 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 30-year 6.18%…
The Federal Reserve on Wednesday announced it will leave interest rates unchanged, breaking a streak of three straight rate cuts amid uncertainty over the labor market and inflation. Fed policymakers voted to leave the benchmark federal funds rate unchanged at its current range of 3.5% to 3.75%. The move follows three…
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With winter in full swing, many households are bracing not just for freezing temperatures but also for the “financial freeze” the season brings. Winter introduces a unique set of seasonal expenses that can significantly drain…
