How Long Does It Take For A Check To Clear?

Mortgage

Key takeaways Most checks clear within 2 business days, though some banks may hold funds for up to 7 days depending on the check amount and type. The first $225 of any check deposit must be available by the next business day, as required by federal law. Government checks, cashier’s…

Bessent names Fed 5 contenders for Powell’s job

News

Treasury Secretary Scott Bessent has whittled down his short list of candidates to replace Federal Reserve Chairman Jerome Powell to five individuals, he said on Air Force One, The Wall Street Journal reported. Some have connections to the central bank and the White House, while another is a Wall Street…

Pros And Cons Of An Adjustable-Rate Mortgage (ARM)

Mortgage

Images by GettyImages; Illustration by Hunter Newton/Bankrate Key takeaways An adjustable-rate mortgage (ARM) is a mortgage whose interest rate resets at periodic intervals. ARMs have low fixed interest rates at their onset, but often become more costly after the rate starts fluctuating. ARMs tend to work best for those who…

Rules To Live By When Lending Money To Friends And Family

Mortgage

Most of us have lent money to a friend or family member or paid a group bill with the expectation of being paid back. Unfortunately, these situations don’t always go smoothly and often result in lost money or hurt feelings — sometimes both. About seven in 10 U.S. adults (70…