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ATM Fees Are Out Of Control, But There Is A Solution
Tuesday, October 10, 2017 - 3:24pm | 385The cost to retrieve your money has never been higher, but at the same time, it has never been easier to avoid the fees. On average, the cost to retrieve money from an out-of-network ATM stands at $4.69, which marks an increase of 2.6 percent from a year ago. On top of that, overdraft fees are...
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Fed Maintains Interest Rates, Announces Start To Balance Sheet Normalization
Wednesday, September 20, 2017 - 2:32pm | 598Having already laid the groundwork with two interest rate hikes this year, the Federal Open Market Committee took an unprecedented step to tighten its monetary policy Wednesday. As expected, the FOMC confirmed it would begin to contract its sizeable balance sheet and shrink its bond portfolio in...
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Amazon's Acquisition Of Whole Foods Should Create Lower Prices, Offer Better Consumer Experience
Friday, June 16, 2017 - 12:40pm | 655“This is a seismic event that is rattling out from Seattle, as it has the promise of transforming a space that all American consumers have to do business in,” Bankrate.com’s senior economic analyst Mark Hamrick told Benzinga, referring to Amazon.com, Inc. (NASDAQ: AMZN)'s...
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People Feel Better About How Much Cash They're Saving For The First Time In 6 Years
Saturday, March 25, 2017 - 11:26am | 348Americans are bad at saving money, but there is some encouraging news. Americans are feeling better about how much cash they're saving, according to a new Bankrate.com report. Although any improvement in sentiment is welcome, the fact remains that American consumers aren't putting away more...
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40% Of Americans Think Their Finances Won't Be Affected Under President Trump
Thursday, December 8, 2016 - 3:37pm | 280A survey by Bankrate found that close to 40 percent of Americans believe the results of the U.S. election won't have any impact on their finances. According to Bankrate's survey, 28 percent of respondents believe a Donald Trump White House would have a positive effect on their finances, while 26...
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Are You Losing Yourself In Loans?
Monday, November 21, 2016 - 3:03pm | 686Without a proper payback strategy, acquiring loans may send your credit down the drain. Bankrate suggests that reasons for debt can range from medical bills to divorce to not understanding the mechanics of cash flow and the importance of saving. Whatever the reason or combination of reasons,...
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Considerations When Contemplating A Car Investment
Monday, October 31, 2016 - 9:11pm | 731No doubt, the cost of a motor vehicle varies depending on model type, how you accessorize (i.e., the color of the vehicle, the material of the seats, including a television or a sunroof, etc.) and fuel economy. Hyundai's Accent, Chevy's Spark, Ford's Fiesta and Kia's Rio consistently rank among the...
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Biggest Threat To The U.S. Economy? The Presidential Election
Tuesday, September 13, 2016 - 2:50pm | 419Both Hillary Clinton and Donald Trump have been campaigning hard to convince Americans that they can fix the U.S. economy and “make America great again” with their respective policy agendas. Ironically, a new survey from Bankrate indicates that a majority of Americans see the election...
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70% Of Americans Plan On Working Past Retirement
Wednesday, September 7, 2016 - 1:20pm | 297Retirement used to mean that an individual doesn't have to work anymore. However, a new survey conducted by Bankrate indicates that only 25 percent of people have no plans to continue working during retirement. According to Bankrate, 70 percent of non-retired Americans plan on working as long as...
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Easy Money: 5 Simple Ways To Earn Passive Income
Monday, August 29, 2016 - 10:32am | 692We’d all love to make more money, but we only have a limited amount of time and energy. However, there are a number of ways to supplement your paycheck by earning passive income. Passive income is income you earn from a source that requires little or no day-to-day involvement on your behalf....
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Overall Financial Security Sentiment Remains Strong, But Feelings Toward Job Security Dip
Tuesday, July 19, 2016 - 12:22pm | 225The financial security of Americans' continues to improve, according to Bankrate's Financial Security Index. For the 26th month in a row, the Bankrate Financial Security Index, which surveys individuals' sentiments toward debt, savings, job security, net worth and overall financial situation, "...
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Goldman Sachs Returns To Its Roots With $1 Accounts
Friday, July 1, 2016 - 2:58pm | 290Goldman Sachs Group Inc (NYSE: GS) has for over a century been associated with uber-wealthy investors and corporate titans, handling exclusively deals with astronomical values. With such a reputation, the introduction of GS Bank, which accepts deposits as low as $1, may seem counter-intuitive. Seen...
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Bank Branches Aren't Going Away Anytime Soon
Saturday, March 26, 2016 - 2:38pm | 373The rise of Fintech has posed a serious threat to the traditional branch banking model. Neobanks and other online financial services companies are able to avoid the costs of running and staffing physical branches, and they can pass those savings on to their customers. A new study by Bankrate,...
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How Much Are Americans Spending On Valentine's Day This Year?
Friday, February 12, 2016 - 1:39pm | 342A new study by Bankrate has shown that Americans are paying big bucks to celebrate their special someones this weekend. Bankrate created a Be My Valentine Index, which includes the going market prices for Valentine’s Day staples. Although Americans don’t spend nearly as much on...
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10 Tax Moves You Should Make Before December 31
Sunday, December 6, 2015 - 6:29pm | 645It’s hard to believe that it’s already December, but 2015 is quickly drawing to a close. Tax day for Americans is still more than four months away, but the financial decisions you make in the last remaining weeks of the year can make a big impact on the size of your 2016 tax bill. Here...