Category: BANKING

Planning to travel in 2024? You’re not alone. According to the U.S Travel Association, a trade group, travel has bounced back after the pandemic, with Americans forecasted to spend a staggering $1.09 trillion on domestic and international travel this year. This surge, however, comes with its challenges, as travel costs have soared to unprecedented heights,…

‌Empower is a financial services company offering retirement plans and comprehensive wealth management to both individuals and organizations. Launched in 2014—but with Canadian roots dating back to 1891—Empower is currently the second-largest retirement plan provider in the country, with more than 17 million customers. In 2020 Empower acquired Personal Capital, a popular investment robo-advisory platform,…

A bank is a financial institution that allows customers to deposit money, take out loans, and perform other financial transactions. Most people have a checking and savings account, although banks offer many other financial products designed to help you keep your money safe and earn interest on your savings. How does the banking industry work?…

With Federal Deposit Insurance Corporation (FDIC) insurance, the money you keep in your bank accounts is protected by the federal government if your bank fails. When a bank or financial institution is federally insured, it will have the FDIC insurance logo on its website. The FDIC insures up to $250,000 per depositor, per institution, per…

Payday loans are a type of short-term loan. The loans, which are for small amounts, often $500 or less, are designed to be paid back when you get your next paycheck. While they evolved from criminal “salary lending” practices in the early 20th century, these loans really took off in the 1990s, when there were…

No one feels like reading the fine print on a car insurance policy, which is why the car insurance declaration page exists. It summarizes the key features of your policy—call it the quick and easy version of your car insurance policy. What does a car insurance declaration page contain? A car insurance declaration page (also…

If cash back rewards are at the top of your priority list for credit cards, the card_name and the Citi Double Cash® Card are worth a look. You don’t have to pay an annual fee with either card, and both come with attractive introductory APR offers. Still, card_name comes out on top due to its…

A $50,000 windfall from an inheritance, a hefty bonus, or winnings of some sort can be an excellent opportunity to start securing your financial future. Of course, not all investment options are equal. The best way to invest $50K depends on your time horizon, risk tolerance, and financial goals. What to know before you invest…

Adults know that one of the best ways to build wealth and to save for future goals, such as retirement or a home down payment, is to invest. This can also be true for children. There are a number of different types of brokerage accounts that can be opened for a child that can help…

There are a variety of reasons to refinance your auto loan. Perhaps you took out your previous loan with a subpar credit score and have since cultivated a score capable of netting significantly more favorable interest rates. Maybe you’d like to lower your monthly payments by extending the term of your loan or would like…