Cash News When it comes to deciding between using a bank or a credit union, there are several factors to consider — including safety. Credit unions have a reputation for being slightly safer than banks, but are they, really? Here’s what you need to know. Credit unions and banks have plenty in common: They’re both […]
Cash News The holidays are an especially hectic time to travel, thanks to uncertain weather conditions and increased passenger volume. In addition, expensive flights and other travel expenses can overload your monthly budget in your quest to visit loved ones. However, you can arm yourself with the knowledge you need — including how to lower […]
Cash News There’s no universal minimum credit score required to get approved for a credit card. Many credit card issuers specialize in working with borrowers with bad credit or no credit history. However, a limited or troubled credit history can limit your options, particularly if you’re looking for a card that offers rewards, a welcome […]
Cash News Credit unions are not-for-profit, member-owned banking cooperatives. Unlike traditional banks, they aim to serve their members rather than maximize shareholder profits. Even so, credit unions need to make money to continue operating. Given their different business model compared to banks, you might wonder how credit unions make money. For the most part, credit […]
Cash News When it comes to retirement savings, most people find their balances to be stress-inducing. A recent study from found that more than half of adults 50 and older were worried they didn’t have enough money to support themselves in retirement. For those looking for relatively “safe” investments, annuities and certificates of deposit (CDs) […]
Cash News Home buyers and sellers, take note: Seller concessions could be a powerful tool for achieving your real estate goals. A seller concession occurs when sellers agree to cover a portion of a buyer’s closing costs. While this might seem like a boon for buyers alone, sellers also stand to gain from this exchange. […]
Cash News If you need access to cash and have gained a significant chunk of equity in your home, you’re in luck: You can use a home equity line of credit (HELOC) to tap your equity and use the money to pay for whatever you want, from home improvements to college courses. However, you must […]
Cash News Online banks offer several advantages over traditional brick-and-mortar banks, especially if you value convenience, competitive rates, and lower fees. If you’re considering switching to an online bank, you may have come across two major players: Jenius Bank and SoFi. Both banks are known for their high-yield savings accounts and low fees. So which […]
Cash News When you take out a home equity line of credit (HELOC), you usually get a variable interest rate. This means your rate could decrease or increase drastically over your repayment period. While the current average rate on new HELOCs is roughly 8.50%, your APR could eventually skyrocket to 18% — the maximum annual […]
Cash News Welcome to This Week on Reddit, our weekly series that answers redditors’ biggest banking questions. Each week, our editors choose an interesting and relevant user question to examine. Read on for our expert analysis. To attract new customers, some banks may sweeten the deal by offering a cash bonus for opening a new […]