MoMo Productions/Getty Images; Illustration by Austin Courregé/Bankrate Whether interest rates are rising, falling, or holding steady, long-term certificates of deposit (CDs) can play a valuable role in your financial strategy. While timing the market perfectly is impossible, understanding the benefits of long-term CDs can help you make better decisions about…
Key takeaways Filing an insurance claim for bumper damage can increase your premiums and require you to pay out of pocket for your deductible. Generally, you should file a claim if another driver was involved, someone was injured or the repair costs will exceed your deductible. You might consider skipping…
Key takeaways The division of home equity during divorce typically depends on various factors, including any pre- or postnuptial agreements, state laws and the couple’s specific circumstances. In community property states, the home and its equity are typically split 50/50 between spouses; in equitable distribution states, property acquired during the…
Credit Sesame explains how a great credit score, though not a formal classification, is widely used to describe scores in the very good to exceptional range and may lead to better rates and stronger offers. Credit scores can influence everything from the interest you pay on a loan to the…
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San Francisco-based Chime, the largest digital bank in America, wants to go public at a price between $24 and $26…
President Trump’s 2026 budget would freeze spending for many services for older adults, deeply cut others, continue his efforts to…
A practice of Elon Musk and Tesla’s board raises questions about the company’s governance and the possible low valuation that…
While there has been much conversation on not buying from companies with poor diversity, little has been said about investing…
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Financial planning is any type of strategizing around the monetary aspects of your financial life. These areas range from the basics — such as budgeting, saving and paying off debt — to more complex areas, such as investing for retirement and estate planning. In short,…
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Key takeaways A debt management plan (DMP) can make it easier to manage your unsecured debts, including credit card bills and personal loans.…
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For the fifth straight year, Forbes is partnering with market research firm Statista to rate insurance companies in the United States. But we…
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Key takeaways Inflation is having a big impact on small businesses, pushing up costs of labor, supplies, utilities and other costs. Small business owners should set aside time for regular reviews of the money exiting their bank accounts with a close eye on essential versus nonessential costs. From finding a…
The term de minimis refers to a U.S. customs rule that exempts low-value imports—typically under $800—from tariffs. In 2025, the Trump administration eliminated this exemption for goods from China and Hong Kong. Shipments of up to $800 in goods from these regions now face a 54% tariff or a $100…
Key takeaways A pending transaction is a charge that shows up on your credit card statement but hasn’t been reduced from your balance yet. Merchants may also place a pending transaction — or hold — on your account to preauthorize or secure a payment. To cancel a pending transaction, call…
Key takeaways You can get a mortgage with a credit score as low as 620, 580 or even 500, depending on the type of loan. While you might be eligible for a mortgage with a low credit score, you’ll pay a higher interest rate for the loan. Some mortgage lenders…
Key takeaways This card offers customizable cash back that allows you to earn a generous 5 percent cash back — but you must select your top two spending categories each quarter. You can also earn 2 percent cash back in such everyday categories as gas and groceries. While the U.S.…
Recessions mess with even the most disciplined and experienced investors. When stocks tank, layoffs spike, and headlines scream economic uncertainty, it’s natural to reach for anything that feels safe. For some, annuities look like shelter from the storm. These insurance-based financial products promise a steady income stream in exchange for an…
Key takeaways The Citi Strata Premier℠ Card offers a significantly higher welcome bonus and more opportunities for cardholders to earn rewards. The Citi Rewards+® Card* doesn’t charge annual fees and provides a unique round-up feature for point earning. Citi Strata Premier offers more valuable benefits, but the $95 annual fee…
John M Lund Photography Inc/Getty Images Key takeaways Gap insurance — short for guaranteed asset protection insurance — is specifically designed for drivers with outstanding loan balances on their vehicles. It is typically only available for brand-new vehicles or for models that are less than three years old. Gap insurance…
Credit Sesame examines how a new large-scale study links mental health and credit scores and why the connection may matter more than you think. Being in control of your finances, regardless of your income level, may help ward off negative mental health symptoms such as depression and anxiety. That is…
Twenty-five million Americans have an unsecured personal loan, double the number from a decade ago, says TransUnion senior vice president Josh Turnbull. “So the unsecured personal loan is increasingly a powerful tool in the variety of financial products available to and used by consumers… up and down the credit spectrum,”…
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