Cash News The popularity of online banks has exploded since the internet was commercialized in the late 1990s and early 2000s. According to university researchers, online banks have increased their deposits by a factor of 30 since 2001, three times the rate of traditional banks in the same period. Why? Customers are drawn to the […]
Cash News As mortgage rates start to decrease, you may be considering an adjustable-rate mortgage. ARMs typically have a lower initial interest rate than fixed-rate mortgages, but then shift to a variable rate later. It’s usually not a dramatically lower interest rate, though. You might only see a 0.25% difference (or less) between the 30-year […]
Cash News There are a lot of costs that come with buying a house. The down payment is just the start — you also need to factor in closing costs. In fact, closing costs typically come to around 2% to 5% of the home’s purchase price. So, as home prices rise, closing costs do too. […]
Cash News Automatic payments certainly simplify your financial life. You can reduce the risk of late payments and fees, and some lenders even give you a discount for enrolling in autopay. However, the convenience of automatic payments does have a downside: You could end up paying for services you no longer use without realizing it. […]
Cash News In December 2024, the Federal Reserve reduced its benchmark interest rate, marking the third consecutive cut this year. As a result, interest rates on credit cards, loans, and deposit products have been falling as well — good news for borrowers, but not so great for savers. That’s a stark contrast to earlier this […]
Cash News The past year saw significant expansion in the economy: Inflation fell, as did interest rates. Unemployment rates remained low, and the S&P 500 rose by more than 20%. But with a new incoming administration, shifting financial policies, and continued recovery from the pandemic, what will 2025 hold? See our predictions for the next […]
Cash News While 2024 gave many credit cardholders the opportunity to earn incredible rewards or cash in for big travel plans, they also faced rising debt balances and an ever-changing interest rate environment. As we approach 2025, there’s still uncertainty about what the future holds — new policies could affect the current state of card […]
SO BEGINS Donald Trump’s tariff roller-coaster, sure to be a stomach-churning ride for the global economy. He started his first day in office with an unexpected show of restraint: rather than slapping hefty new tariffs on other countries, he instead issued a presidential memorandum calling for a review of unfair trade practices. It seemed to […]
Cash News If you want to buy a house but can’t qualify for a conventional or government-backed home loan, it may feel like homeownership is out of reach. Maybe you’ve recently undergone a major life change, like switching from a 9-to-5 job to self-employment, so you’re struggling to find a lender. Fortunately, alternative financing exists […]
SO BEGINS Donald Trump’s tariff roller-coaster, sure to be a stomach-churning ride for the global economy. He started his first day in office with an unexpected show of restraint: rather than slapping hefty new tariffs on other countries, he instead issued a presidential memorandum calling for a review of unfair trade practices. It seemed to […]