Family caregivers represent a crucial segment of society, dedicating significant time and resources to support their relatives. Recent findings emphasize that the majority of these caregivers are not seeking long-term benefits or tax credits; rather, they are looking for immediate cash support. In a research study conducted by Marc Cohen…

CIT Bank, a division of First Citizens Bank, provides a range of personal and commercial banking services exclusively online. Operating without physical branches, it has designed its offerings to cater to modern banking demands, prioritizing convenience and competitive rates. The bank provides a variety of products, including high-interest savings accounts,…

The Federal Reserve has recently made headlines by instituting a rate cut of 0.25 percentage points in their ongoing monetary policy response to evolving economic conditions, bringing the federal funds rate to a range of 4.25% to 4.5%. This decision marks the third reduction in interest rates for the year,…

Mortgage rates have experienced an uptick this week after several weeks of declines. According to recent data from Freddie Mac, the 30-year fixed mortgage rate has increased by 12 basis points to 6.72%, while the 15-year fixed rate has risen by eight basis points to 5.92%. Given the recent remarks…

A Certificate of Deposit (CD) is an appealing option for those seeking a secure way to store their savings while earning a higher interest rate compared to traditional checking or savings accounts. CD rates have seen significant fluctuations, necessitating a keen awareness of current offerings to maximize returns. As of…

On October 4, 2023, the Biden administration announced a significant change to student loan repayment options, reinstating two income-driven repayment (IDR) plans that had been phased out. This move aims to provide borrowers with enhanced pathways to manage their monthly payments and seek loan forgiveness through various programs, including the…

As interest rates decline following recent Federal Reserve rate cuts, it’s essential for savers to ensure they are earning competitive rates on their savings. One attractive option in this environment is a money market account (MMA). MMAs function similarly to traditional savings accounts, providing interest on your balance while often…

High-yield savings accounts (HYSA) have become a popular choice for individuals looking to maximize their savings potential. These accounts typically offer interest rates that significantly exceed those of traditional savings accounts, allowing balances to grow more rapidly. However, not all banks provide competitive rates, making it essential for consumers to…

The looming threat of a government shutdown has emerged as a recurring crisis, characterized by political leaders using the funding deadline as leverage to negotiate on unrelated issues. As Congress moves towards critical funding deadlines, negotiations often stall in the face of dissent from powerful figures, such as Elon Musk…

The Federal Reserve, or “the Fed,” serves as the central bank of the United States and exerts significant influence over the nation’s monetary policy, particularly through the setting of interest rates. A critical function that the Fed performs is the determination of the federal funds rate, which directly impacts the…

As of November 2024, data from Realtor.com indicates a noticeable cooling in the existing home sales market, with homes averaging 62 days on the market—marking the slowest November for home sales in five years. This shift represents a stark contrast to the rapid listings and pending sales characteristic of the…