Banking
Maybe it’s a paradigm shift four years after a global pandemic upended American life. Perhaps it’s an inflation crisis that’s redefining U.S. living standards. Or maybe it’s just a false stereotype of the ultimate “American Dream.” Americans aren’t indicating that success looks like retiring on a beach or having a…
Keith feels like a financial failure. Instagram fills his screen with breezy shots of influencers driving expensive cars and diving from yachts. The Gen Zer makes six figures, has no outstanding debt, and has plenty of disposable income in his checking account, but he feels poor after scrolling through social…
Key takeaways FDIC insurance is backed by the full faith and credit of the U.S. government and guarantees bank consumers that their money is safe for up to a limit of $250,000 per depositor, per FDIC-insured bank, per ownership category. The FDIC was created in 1933 to protect consumers during…
Our writers and editors used an in-house natural language generation platform to assist with portions of this article, allowing them to focus on adding information that is uniquely helpful. The article was reviewed, fact-checked and edited by our editorial staff prior to publication. Credit unions have a lot in common…
Historically warm average temperatures are significantly changing the weather, contributing to drought, wildfire, and flooding. Yet it is becoming increasingly common to attribute, at least in part, every weather-related disaster or anomaly to climate change. Atlantic hurricanes are a case in point. We saw records shattered in 2020, but are…
As a business owner, you probably have a business checking account you use to handle payroll or write company checks. A business savings account can come in handy as well, since it provides you with a place to store cash that’s easily accessible, while earning some interest on the funds.…
Fraught with stubborn inflation, high college costs and signs of a cooling job market, today’s economic environment has taken a toll on many young Americans’ well-being. In fact, 47 percent of Gen Zers (ages 18-27) adults say money has a negative impact on their mental health at least occasionally —…
You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict editorial policy, so you can trust that…
The implosion of banking-as-a-service pioneer Synapse Financial Technologies is shining a harsh and unflattering light on a key link that has enabled the growth of the digital banking industry in recent years. At an emergency hearing Tuesday, U.S. Bankruptcy Court Judge Martin R. Barash, of the Central District of California,…
Alistair Berg/Getty Images Key takeaways Although customer satisfaction at online-only banks decreased as of late, it remains higher than customer satisfaction at brick-and-mortar banks. Consumers had more complicated banking issues and the ease of contacting and interacting with a live customer service representative decreased three percentage points in this year’s…
