Key takeaways Looking at the past four decades, the average rate on a 30-year fixed mortgage peaked in 1981, rising just above 16%. The average 30-year fixed rate bottomed in 2021 at just under 3%. For 2025, the average 30-year fixed-rate mortgage rate was 6.66%. As of Jan. 28, 2026, the…
Morsa Images/ Getty Images; Illustration by Austin Courregé/Bankrate Bankrate tracks the best certificate of deposit (CD) rates and recent interest rate trends for you. Here are the current national average annual percentage yields (APYs) as of Saturday, January 31, 2026, according to Bankrate’s most recent survey: 1-year CD yield: 1.89…
Key takeaways Only 46% of U.S. adults have enough emergency savings to cover three months of expenses, making saving money more crucial than ever. Automatic transfers to a high-yield savings account earning around 4% APY can help build emergency funds without extra effort. Cash-back apps and comparison shopping can save…
By Julie Jaggernath If you’ve been spending your time shoveling snow recently, try using it as a chance to think about what money management tips you can learn from the winter weather that has hit many parts of Canada and the USA. While it’s easy to grumble about the inconvenience…
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The nation’s 75 million Social Security recipients will receive a 2.8% cost of living adjustment (COLA) increase in their benefits…
Historically Black colleges and universities are on the frontlines of the One Big Beautiful Bill Act’s new limits on parent…
The big new fees JPMorgan Chase is planning to charge some financial technology companies may well trickle down to consumers,…
With artificial intelligence beginning to eat away at many white-collar entry-level jobs, and the unemployment rate for recent college graduates…
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Key takeaways The Federal Reserve doesn’t directly set auto loan rates — but it does affect the cost for lenders to borrow money. The Federal funds rate was cut for a third and final time in 2025 and was not changed in the first meeting…
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2. Coaching and Tutoring Take stock of your areas of expertise – maybe you speak a second language or solving math equations comes…
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These entrepreneurs, traders and investors are making an outsized impact in fintech, crypto and traditional financial services.By Jeff Kauflin, Hank Tucker and Nina…
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Key takeaways Mobile banking alerts detect fraud faster than manual monitoring. The sooner you report unauthorized activity, the greater your chance of full reimbursement under federal law. Low balance alerts help you avoid overdraft fees, which average $26.77 per transaction in 2025, according to Bankrate’s checking account survey. Essential alerts…
You’ve heard of home equity lines of credit (HELOCs) and home equity loans, which let you borrow against the value of your home, getting ready cash for renovations, debt consolidation or anything else. But jumping through the income-qualification hoops that characterize much home-based financing may be difficult for borrowers with…
Key takeaways The NCUA (National Credit Union Administration) insures credit union deposits up to $250,000 per depositor, per institution, per ownership category. NCUA insurance provides the same protection as FDIC insurance at banks. Both are backed by the full faith and credit of the U.S. government. Joint accounts receive $250,000…
Key takeaways Your credit card APR can go up if the prime rate changes, you paid your credit card bill late, your intro APR offer ended or your credit score dropped. If your APR increases, you can work on paying down your balance or transfer your balance to a card…
Image by PM Images/Getty Images; Illustration by Hunter Newton/Bankrate Mortgage rates fell this week, with the 30-year fixed rate averaging 6.18%, down from 6.25% 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 30-year 6.18%…
Images by Getty Images; Illustration by Hunter Newton/Bankrate A construction loan is a short-term, high-interest loan used to finance building a home. Funds are paid out in phases over the course of construction and typically cover land, materials, contractor labor and permits. They tend to have stricter qualification requirements than…
The Federal Reserve isn’t expected to make any rate cuts at its January meeting, but its first gathering of the year still has a lot at stake for American households grappling with expensive borrowing costs, affordability challenges and a tough job market. The big question many Fed watchers are hoping…
Key takeaways A bank statement loan allows you to qualify for a mortgage using bank statements rather than pay stubs or tax returns. It’s most often used by self-employed borrowers. Not all mortgage lenders offer bank statement loans. You might need to work with a mortgage broker to find one.…
Key takeaways Mobile banking apps now offer AI-powered financial insights, biometric security, real-time fraud detection and automated savings tools beyond basic account access. According to Chase, 86% of consumers prefer to use a single app to do their banking. When selecting an app, prioritize security features, user experience and financial…
Hispanolistic/GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways Offered by many financial institutions, online bill pay is typically a free, secure service that enables consumers to make various types of payments electronically. Payments made via online bill pay can be made using a website or an app. Keep track of your…
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