Cash News The Federal Reserve cut its target rate three times in late 2024, which means savings interest rates are falling. So itâs important to be sure youâre getting the best rate possible when shopping around for a savings account. The following is a breakdown of savings interest rates today and where to find the […]
Cash News Most mortgage rates have decreased today. According to Zillow data, the 30-year fixed mortgage rate is down three basis points to 6.59%, and the 15-year fixed rate has dropped by four basis points to 5.91%. Interest rates on both purchase mortgages and refinanced mortgages have fallen a bit since the beginning of the […]
Cash News The Federal Reserve began cutting the federal funds rate in 2024. As a result, deposit rates â including money market account rates â have been falling. Itâs more important than ever to compare MMA rates and ensure you earn as much as possible on your balance. The national average money market account rate […]
Cash News The Federal Reserve cut its federal funds rate three times in 2024, so now could be your last chance to lock in a competitive CD rate before rates fall further. CD rates vary widely across financial institutions, so itâs important to ensure youâre getting the best rate possible when shopping around for a […]
Cash News If youâve ever tried to spend more money than was in your checking account, you know how frustrating, costly, and even embarrassing this can be. Overdraft protection, a service offered by many banks and credit unions, can prevent this situation. But like overdrafting your account, overdraft protection may come with its own costs. […]
Cash News From the fuel-cost savings to the environmental benefits, owning an electric vehicle (EV) has its perks. But there is one obvious question: Are electric cars more expensive to insure? The short answer is yes because EVs typically cost more to repair or replace if theyâre damaged in an accident. Itâs an important factor […]
Cash News American Express and Chase have two of the most robust travelersâ rewards programs today. Their flexible travel credit cards, high-value redemptions, and long lists of added perks can all go a long way, whether you travel often or only a few times yearly. The better program for you depends on your redemption preferences, […]
Cash News If you borrowed money for college for yourself or your child, you may be eligible for the student loan interest deduction, which can reduce your taxable income by up to $2,500. Youâre only eligible for the tax deduction if you paid student loan interest during the tax year. Because federal student loan repayments […]
Cash News If you live in a âno-fault state,â your car insurance will kick in after an accident, regardless of who is at fault. Conversely, if you live in an âat-faultâ state, the âat-faultâ driverâs insurance picks up the bill. In no-fault states, drivers are required to carry no-fault auto insurance, also known as personal […]
Cash News Diminished value is the difference in a vehicleâs worth before an accident versus after repairs are completed. A diminished value claim is a request to an insurer to receive compensation for that value loss. After an accident, you may focus on getting your car repaired as quickly as possible. But the importance of […]