Photography by Getty Images; Illustration by Bankrate Knowing how to read your auto insurance policy can do more than help you file a claim —…
Mohammad Sowaid / EyeEm/Getty Images Hail season runs from March through September, and with just weeks left, preliminary data from the National Oceanic and Atmospheric Administration (NOAA) shows 2025 is shaping up to be a near-average…
Key takeaways Passbook loans are secured loans that use your savings account balance as collateral. These loans can be a convenient way to borrow money while rebuilding your credit, as some lenders report repayment activity to credit bureaus. Risks include limited access to your savings until the loan is repaid…
Key takeaways Working capital financing is a type of short-term business loan designed to help businesses cover their regular operating expenses. Working capital is calculated by subtracting current liabilities from current assets. There are many types of working capital loans, including term loans, lines of credit, business credit cards, invoice…
Images by GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways FedNow offers instant money transfers 24/7, while ACH transfers typically take 1-3 business days to process. . FedNow has a daily transaction limit of $500,000, compared to ACH’s $1 million daily limit. Only select banks currently offer FedNow services, with many…
Less than a week after the Cracker Barrel CEO appeared on “Good Morning America” and made the rounds celebrating the company’s new logo, the restaurant chain known for its old-time feel, southern dishes and eclectic gift/candy store, now admits it made a mistake. Julie Masino boasted that the reception she…
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Key takeaways An option is a side bet among traders over what the price of a stock will be at a certain time. With stocks, you take an ownership stake in the company. Your risk…
