Key takeaways HSAs offer a rare triple tax advantage: contributions are pre-tax, growth is tax-free and withdrawals for qualified medical expenses aren’t taxed. Balances roll over year to year and the account is yours to keep even if you change jobs — unlike most FSAs. You must be enrolled in…
Key takeaways The average out-of-network ATM fee is $4.86 per transaction — a combination of your bank’s fee ($1.64 average) and the ATM operator’s surcharge ($3.22 average), according to Bankrate’s 2025 Checking Account and ATM Fee Study. Using an out-of-network ATM once a week would cost you about $253 per…
Image: Getty Images; Illustration: Bankrate Home equity rates became more affordable in the latest week. The $30,000 home equity line of credit sank 14 basis points to 7.18%, its lowest level in more than three years, according to Bankrate’s national survey of lenders. Meanwhile, the five-year $30,000 home equity loan…
Image by PM Images/Getty Images; Illustration by Hunter Newton/Bankrate Mortgage rates ticked up slightly this week, with the 30-year fixed rate averaging 6.15%, up from 6.10% last week, according to Bankrate’s latest lender survey. Current mortgage rates Loan type Current 4 weeks ago One year ago 52-week average 52-week low…
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Wavebreakmedia/Getty Images Key takeaways An auto loan hardship program can help if you’re facing a financial emergency and need help with your car payments. Eligibility criteria, fees and program options vary by lender. If you don’t qualify for an auto loan hardship program, other forms of debt relief are out…
Key takeaways A 7/1 ARM is a type of adjustable-rate mortgage (ARM) that has a fixed interest rate for the first seven years, then a variable rate that changes yearly until the end of the mortgage term. The initial fixed rate on a 7/1 ARM is usually lower than the…
Key takeaways New car loans had an average interest rate under 7%, while used car loan rates averaged nearly just under 11.50% in the third quarter of 2025. Your credit score plays a significant role in determining your interest rate, but other factors such as the lender, amount borrowed, length…
Hispanolistic/Getty Images Key takeaways The time it takes to raise your credit score depends upon the reason(s) that your score is lower in the first place. The longer your accounts are open and in good standing, the better it will reflect on your credit score. You can do several things…
Key takeaways If you need money now but can’t get a loan, products like emergency loans and payday loans may be appealing. These options may come with higher interest rates and shorter repayment timelines than a standard personal loan. Payday loans and some no-credit-check loans can have fees that translate…
Westend61/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways Before signing off on an auto loan, crunch the numbers to ensure you can afford your new set of wheels. To find how much you’ll spend on interest, use an auto loan calculator, work it out yourself or talk to a lender. Factors…
Images by GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways When you prepay your mortgage, you pay extra toward the loan principal. This helps you pay your loan off sooner and save money on interest. There are many ways to prepay a mortgage, including through biweekly payments, periodic extra payments or…
While the top ten largest credit unions still hold significantly less in assets than even the top five largest banks, they have been growing considerably in recent years. Just within 5 ½ years, total assets in federally insured credit unions have risen by over 46%, increasing from $1.64 trillion in…
Images by GettyImages; Illustration by Jessa Lizama/Bankrate Key takeaways Lower credit scores signal higher risk of default to lenders, so lenders will limit loan amounts. Borrowers with bad credit get approved for unsecured loans with an average amount under $2,000, according to TransUnion data. Adding a cosigner or co-borrower with…
While adding a child to a deed may seem straightforward, the tax implications can be complex and long-lasting. Depending on how you structure the transfer, it may affect gift taxes, capital gains taxes, and future estate planning outcomes. State laws and ownership structures can also influence the results. A financial…
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