Cash News Banks make money in many ways, including by charging fees. According to a 2024 report released by the Consumer Financial Protection Bureau, major banks received $12.6 billion in annual revenue from overdraft fees alone. It’s because of those fees that many people avoid the banking system entirely, but there are ways to be […]
Cash News Mortgage rates rose this week, and they don’t show signs of dropping significantly anytime soon. Strong economic data regarding things like inflation and employment numbers have kept mortgage rates from receding. “Financial markets rapidly repriced their interest rate expectations following hotter-than-expected inflation reports and ongoing strong payroll employment gains,” said Hamilton Fout, Fannie […]
Cash News Looking for the most up-to-date rates? See CD rates for May 10, 2024. If you’re looking for a secure place to store your savings, a certificate of deposit (CD) may be a great choice. These accounts often provide higher interest rates than traditional checking and savings accounts. However, CD rates can vary widely. […]
Cash News The average 30-year fixed mortgage rate has ended its five-week increase, now sitting at 7.09%. The average 15-year fixed rate also fell, ending its own four-week streak. This week’s declines are relatively small, but any reduction in rates is welcomed at this point in 2024. “After a five week climb, mortgage rates ticked […]
Cash News If you have a busy weekday schedule, getting to your bank for assistance can be a challenge, as not all bank branches are open past 5:00 p.m. or on the weekends. For those who prefer online banking, this is rarely an issue. But if you prefer to do your banking in person, choosing […]
Cash News Zelle is a peer-to-peer money transfer service that allows you to transfer money directly to another person’s bank account, often within minutes. If you’re looking for a free way to send instant transfers to your loved ones, here’s what you need to know about how Zelle works and the safety features it uses […]
Cash News The average 30-year fixed mortgage rate has finally fallen after five consecutive weekly increases, according to Freddie Mac. However, this is now the fourth straight week the 30-year rate has been over 7%. Because the Fed opted not to cut the federal funds rate at its last meeting, a larger decline isn’t surprising. […]
Cash News There are several factors to consider when choosing a bank. Product offerings, branch locations, fees, and interest rates are just some of the features you might evaluate. Another factor to consider: size. Doing business with a large, national bank has its pros and cons. Although you may receive less personalized service or be […]
Cash News As one of the most costly expenses in your budget, paying your mortgage with a credit card can help to quickly rack up credit card rewards. Your line of credit may also come in handy if you’re in a tight spot and need some extra flexibility with your mortgage payment. If you’re not […]
Cash News Credit cards offer several advantages over traditional debit cards. The biggest perk is that it boosts your spending power. With a credit card, you can break expensive purchases down into smaller, more manageable payments. Using a credit card can come at a cost, though, especially if you carry a balance. Your credit card’s […]