Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home equity loan is a fixed-rate, lump-sum loan that allows homeowners to borrow up to 85% of their home’s value and pay that amount back in monthly installments. A home equity line of credit […]
Key Takeaways Savings account yields are much higher than a few years ago Top rates may fall if the Federal Reserve cuts interest rates Online banks tend to offer the best yields available Rates on savings accounts are the same compared to one week ago. You can now earn up to 5.84% on your savings. […]
The current average mortgage rate on a 30-year fixed mortgage is 6.90% with an APR of 6.93%, according to the Mortgage Research Center. The 15-year fixed mortgage has an average rate of 5.96% with an APR of 6.02%. On a 30-year jumbo mortgage, the average rate is 7.39% with an APR of 7.41%. !function(){“use strict”;window.addEventListener(“message”,(function(a){if(void […]
Key Takeaways Today’s highest CD rate is 5.02% for a 1-year CD. CD rates from online banks are commonly twice as high as the national average rates. CD ladders let you leverage high rates without locking up all of your money long-term. The best interest rates on CDs—certificates of deposit—range as high as 5.02% today, […]
Current Money Market Rates As of today, the highest money market rate is 4.89%, compared to a national average rate of 0.53%, according to Curinos. Here are today’s money market account rates: !function(){“use strict”;window.addEventListener(“message”,(function(a){if(void 0!==a.data[“datawrapper-height”]){var e=document.querySelectorAll(“iframe”);for(var t in a.data[“datawrapper-height”])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data["datawrapper-height"][t]+"px";e[r].style.height=i}}}))}(); Average Money Market Rates !function(){“use strict”;window.addEventListener(“message”,(function(a){if(void 0!==a.data[“datawrapper-height”]){var e=document.querySelectorAll(“iframe”);for(var t in a.data[“datawrapper-height”])for(var r=0;r<e.length;r++)if(e[r].contentWindow===a.source){var i=a.data["datawrapper-height"][t]+"px";e[r].style.height=i}}}))}(); How […]
I can’t tell you how often I’ve missed out on a deal and lived with FOMO because I hesitated. That’s why now that the Chase Sapphire Preferred® Card has dropped a six-figure bomb and is offering a welcome bonus of 100,000 bonus points, I’m practically shoving applications at my friends. Seriously, if I didn’t already […]
Because credit card issuers need contracts to be enforceable, card agreements are often dense and can be difficult to fully understand. Terms regarding interest can be especially difficult to parse since interest is typically expressed as an annual percentage rate (APR) and requires the use of polynomial algebra to calculate. To avoid triggering traumatic memories […]
Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes. A home equity loan is a fixed-rate, lump-sum loan that allows homeowners to borrow up to 85% of their home’s value and pay that amount back in monthly installments. A home equity line of credit […]
Personal car insurance generally extends to rental cars with the same coverage limits and deductibles as your policy. Still, rental car insurance may be worthwhile for some drivers in certain situations. That’s why it’s prudent to know your rental car insurance options before you pick up the keys at the counter. Liberty Mutual Car Insurance […]
If you have a large purchase coming up, you may want to use a credit card that can help you make the most of that big buy. While any rewards card can benefit you, some offer additional incentives for large purchases, like intro APR offers or high reward rates. These are our picks for the […]