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Martinns/GettyImages; Illustration by Hunter Newton/Bankrate A money market account is a type of savings deposit account that tends to offer…
FICA taxes, which are also called payroll taxes, are mandatory for most working Americans and cover both Social Security and…
Image by GettyImages; illustration by Bankrate If you receive income or have any taxable activity, such as a business or…
Credit: Images by GettyImages; illustration by Jessa Lizama/Bankrate Understanding the difference between gross and net income can be helpful for…
Alistair Berg/DigitalVision/Getty Images One of the highest rewards rates on the market, you can earn 5 percent cash back on…
Morsa Images/ Getty Images; Illustration by Austin Courregé/Bankrate A certificate of deposit (CD) is a time deposit account in which…
Key takeaways A prepayment penalty is a fee designed to discourage borrowers from paying off a loan early, before the…
Logo courtesy of Ally Bank Ally Bank is an online-only bank offering a wide range of financial products, including deposit…
Inflation has been stealing from your paycheck, and all signs indicate that’s not going to change anytime soon. Even if…
Key takeaways When a merchant accepts credit card payments, it pays an interchange fee charged by the credit card company…
Foreign transaction fees are just one of several annoying travel fees that can be added to your purchases when you…
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades.…