Cash News A post-dated check is like a promise to pay someone at a later date. When you write a post-dated check, you essentially ask the recipient to wait and cash the check or deposit the funds at a specific point in the future. While the laws on post-dated checks vary by state, it is […]
Cash News When shopping for a house, first-time home buyers sometimes forget to include property taxes in their mental budget. Property taxes are generally levied by the local government rather than the state government, which means property tax rates can vary greatly across a state. Understanding how property tax rates are calculated and affect your […]
Cash News Savings bonds are a low-risk way to earn interest on your savings. A savings bond is essentially a loan you make to the government — on which you earn interest for up to 30 years. Savings bonds originated in 1935 with President Franklin Delano Roosevelt, and there have been many different types over […]
Cash News If you’re looking to supercharge your savings, a high-yield savings account could provide a competitive return to help your balance grow faster. However, not all banks offer high rates, which is why it’s important to shop around and find the most competitive savings interest rates available. Read on to learn more about where […]
Cash News 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. Learn more about CD rates today and where to find high-yield CDs with […]
Cash News Bad credit is a problem that could happen to anyone, but it doesn’t mean you’re a bad person. In fact, millions of people struggle with bad credit. According to Experian, 25% of Americans have a poor or very poor credit score. Yet even though bad credit may not be a reflection of bad […]
Cash News Mobile check deposit is a free feature that comes with most banking apps. If you’re not using this feature yet, you’re not alone: In 2024, around 25% of people don’t use banking apps at all. But holding out could cost you time and money. With mobile check deposit, you can deposit a check […]
Cash News If you have a relatively strong financial profile, you have your pick of types of mortgage loans. One of the most common options is a conforming loan, which you can qualify for with a certain credit score, down payment, and debt-to-income ratio (DTI). We’ll explain what a conforming loan is, how it works, […]
Cash News A no-spend challenge can be a helpful way to rein in poor spending habits and give your budget a much-needed reset. Of course, this type of financial challenge can help you save money. But a no-spend challenge has the potential to provide you with even more valuable benefits as well. Participating in this […]
Cash News Fractional reserve banking is a system that requires banks to keep a percentage of deposits in their customers’ transactional accounts (such as checking and savings accounts) on reserve. Under the previous U.S. reserve requirement, banks had to keep as much as 10% of deposits in their vaults or with the Federal Reserve. However, […]