Economic historians — and anyone who lived through it — will remember 2022 as a year of rapidly rising interest rates. From closely watched benchmarks like the federal funds rate to rates on mortgages, auto loans, and credit cards, the year ended with much higher rates than when it started. Even if you pay your
You’re probably not alone if you’ve always wondered what benchmark interest rates were but were too afraid to admit you didn’t already know. Learn what they are, how they work, and how they affect you.
If you’re in the market for a high-yield savings account or a longer-term certificate of deposit, you only want banks that stand out for excellent yields, a simple online interface, and great customer service. Barclays Bank makes the cut. Learn about Barclays Bank and whether it’s right for you.
Credit cards can be a great convenience and offer great perks, but they come with high interest rates compared to most other debts. Learn the best ways to lower your credit card interest rate — also known as annual percentage rate (APR) — to reduce the cost of your debt and pay it off quicker.
The world is filled with places to put your money. Most of us, however, need to start with just two basic types of bank accounts to keep our money in order: checking and savings. Learn the difference between checking and savings accounts, the key features of each, and which is the best fit for you.
Whether you’re borrowing money or saving it, interest rates affect your personal finances. There are two types to keep track of: real and nominal interest rates. Learn the difference between them and find out which is more important.
Credit cards can reward you handsomely when you use them responsibly. But they also come with special risks, including eye-watering interest rates that can quickly trap you in a spiral of debt. Learn how credit cards work and how to avoid their pitfalls.
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YieldStreet gives investors access to a variety of high-yielding alternative investments. Although most of its options are geared toward accredited investors, its Prism Fund is an accessible and diversified option for everyday investors. Learn about YieldStreet and whether it’s a fit for you.
People tend to think of “inflation” as a dirty word and a phenomenon to avoid. But a gradual increase in prices and wages over time is inevitable and — if kept in check — positive for the overall economy. What is inflation, what causes it, and what does it mean for you? Learn all about it here.
You can’t buy a house or refinance your current mortgage without locking in your interest rate and finalizing your expected principal and interest payment. But when exactly should you do that? Learn when it makes sense to lock your mortgage rate and your options for doing so.
If you’re like me, the student loan payment pause is a huge burden off your shoulders. Even enrolled in an income-driven repayment plan, I typically have to pay nearly $700 per month on top of all the other typical monthly expenses. And as a parent with a little mouth to feed, it’s a lot. But
