Money Management

[[{“value”:”Image source: Getty Images
The Federal Reserve has made two cuts to its benchmark interest rate so far in 2024, in response to cooling inflation. And the central bank is by no means done.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. The Fed still needs to reverse the numerous rate cuts it made in 2022 and 2023. In the coming months, we’re likely to see interest rates fall even more.Interest rate cuts could be a very good thing for consumers. When the Fed cuts rates, borrowing costs tend to drop. In 2025, it could become a lot cheaper to finance a car, sign a mortgage, or put a personal loan in place. But the Fed’s rate cuts aren’t all wonderful, because they’re apt to lead to a drop in savings account and CD rates. It begs the question — will savings accounts still be worth contributing to in 2025? And the answer is a resounding yes.Why a savings account always makes senseMany savings accounts today are still paying around 4%. But as the Fed continues with its rate cuts, savings accounts could start paying a lot less. And it’s not out of the question that savings account rates will be closer to 2% by the end of 2025 than 4% like they are today.But does that mean you should ditch your savings account in 2025? Not at all. In fact, it’s important to always have money in a savings account, even if rates are under 1%.Unlike CDs, which require you to lock up your money for a preset period, savings accounts give you access to your money at all times without facing a penalty. And unlike investment accounts, which can produce generous returns, savings accounts are risk-free. A stock portfolio could rise and fall in value, making it a poor choice for your emergency fund. But your savings account deposit is protected at all times, as long as it’s no more than $250,000 and your bank is FDIC-insured.You need money set aside for emergencies at all times, because you never know when a surprise bill might pop up. You also never know when you might end up losing your job unexpectedly. It’s important to aim for at least three months’ worth of bills in your savings account so you’re covered no matter what — regardless of what interest rates look like. Try to get the best savings account rate possibleYour primary goal in putting money into a savings account shouldn’t be to make money. Rather, it should be to find a safe home for the money you have earmarked for emergencies or goals that are coming up soon, like buying a new car. But that doesn’t mean you shouldn’t try to get the best interest rate you can on your savings. There’s no reason to settle for a lower rate when your savings could be paying you more. To find the best savings account rate, do these two things:Shop around. Check out different banks to see what they’re paying. You can start with this list of the best savings account rates.Go online. Online-only banks tend to offer higher interest rates than physical banks. Maintaining actual locations costs more, which is why brick-and-mortar banks often pay less interest than online-only banks.No matter how much or little interest savings accounts are paying in 2025, they’ll absolutely be worth having. But it never hurts to find a better savings account if you’re not happy with the interest yours is giving you.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.”}]] [[{“value”:”

The Federal Reserve has made two cuts to its benchmark interest rate so far in 2024, in response to cooling inflation. And the central bank is by no means done.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

The Fed still needs to reverse the numerous rate cuts it made in 2022 and 2023. In the coming months, we’re likely to see interest rates fall even more.

Interest rate cuts could be a very good thing for consumers. When the Fed cuts rates, borrowing costs tend to drop. In 2025, it could become a lot cheaper to finance a car, sign a mortgage, or put a personal loan in place. But the Fed’s rate cuts aren’t all wonderful, because they’re apt to lead to a drop in savings account and CD rates.

It begs the question — will savings accounts still be worth contributing to in 2025? And the answer is a resounding yes.

Why a savings account always makes sense

Many savings accounts today are still paying around 4%. But as the Fed continues with its rate cuts, savings accounts could start paying a lot less. And it’s not out of the question that savings account rates will be closer to 2% by the end of 2025 than 4% like they are today.

But does that mean you should ditch your savings account in 2025? Not at all. In fact, it’s important to always have money in a savings account, even if rates are under 1%.

Unlike CDs, which require you to lock up your money for a preset period, savings accounts give you access to your money at all times without facing a penalty. And unlike investment accounts, which can produce generous returns, savings accounts are risk-free.

A stock portfolio could rise and fall in value, making it a poor choice for your emergency fund. But your savings account deposit is protected at all times, as long as it’s no more than $250,000 and your bank is FDIC-insured.

You need money set aside for emergencies at all times, because you never know when a surprise bill might pop up. You also never know when you might end up losing your job unexpectedly. It’s important to aim for at least three months’ worth of bills in your savings account so you’re covered no matter what — regardless of what interest rates look like.

Try to get the best savings account rate possible

Your primary goal in putting money into a savings account shouldn’t be to make money. Rather, it should be to find a safe home for the money you have earmarked for emergencies or goals that are coming up soon, like buying a new car.

But that doesn’t mean you shouldn’t try to get the best interest rate you can on your savings. There’s no reason to settle for a lower rate when your savings could be paying you more.

To find the best savings account rate, do these two things:

1. Shop around. Check out different banks to see what they’re paying. You can start with this list of the best savings account rates.
2. Go online. Online-only banks tend to offer higher interest rates than physical banks. Maintaining actual locations costs more, which is why brick-and-mortar banks often pay less interest than online-only banks.

No matter how much or little interest savings accounts are paying in 2025, they’ll absolutely be worth having. But it never hurts to find a better savings account if you’re not happy with the interest yours is giving you.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.

“}]] Read More 

[[{“value”:”Image source: Getty Images
New car prices have rapidly risen over the past few years and are up $10,000 compared to five years ago. Thankfully, the largest price increases seem to be behind us, and some experts say that we’ve entered a buyer’s market with more incentives being offered.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. But it’s not all good news. Some 2025 car models are being sold for significantly more than their 2024 counterparts, making now a good time to jump on the lower prices. Here are five of them.1. Toyota PriusEstimated price increase: 7%The Prius is a car that doesn’t compromise on its environmental ideals, but has matured enough to realize it doesn’t need to brag about them constantly. Redesigned in 2023, the Prius is sleek and eye-catching while still getting an impressive combined (highway plus city) estimated 57 MPG.The 2.0-liter, 194-horsepower hybrid engine will zip you around town, while standard safety features like pedestrian detection, lane departure assist, and blind spot monitoring will help give you peace of mind getting from Point A to B.Plus, it’s the winner of the 2024 MotorTrend Car of the Year. You can get your hands on this year’s model at a starting price of $27,950 before the cost rises to an estimated $30,000 in 2025.Tip: Hybrids like the Prius are often more expensive to insure than traditional gas-powered vehicles. Click here to get quotes for the cheapest car insurance.2. Chrysler PacificaEstimated price increase 7%If long drives with kids in the backseat are in your future (or you find yourself carting six of your friends to breweries on the weekends), you might want to jump at buying the Chrysler Pacifica before the price increase next year.The 2024 Select model starts at $39,645, while the 2025 version ups the price to $42,450. Either way, you’ll get a 3.6-liter 287 horsepower engine with a combined estimated 22 MPG and a large 10.1-inch touchscreen display.The Pacifica has plenty of standard safety features, including brake assist, blind spot detection, and forward collision warning. It also received Consumer Reports’ coveted “recommended” badge, so you can buy with confidence.3. Cadillac EscaladeEstimated price increase: 7%Buying a Cadillac Escalade isn’t exactly a money-saving move, but if you want to spend less on the luxury purchase, opt for the 2024 model. The base price for this year’s model is $81,895, compared to $87,595 for the 2025 version.Of course, there’s nothing basic about the base Escalade model. You’ll power down the road with a 420 horsepower 6.2-liter V8, cruising to your favorite tunes on the SUV’s 19-speaker audio system and glancing down with ease at the 16.9-inch infotainment screen.Related: Luxury vehicles like the Escalade can often cost more to insure than cheaper SUVs. Compare quotes from the best car insurance companies to ensure you get the best rates.4. Subaru ForesterEstimated price increase: 9.6%If you’re looking to save on your next vehicle to take you through the great outdoors, the 2024 Subaru Forester is a good bet. This year’s model starts at $27,095, but will jump to $29,695 for the 2025 version.With 8.7 inches of ground clearance and standard all-wheel drive, the Forester will feel right at home traversing off of well-worn paths. But that doesn’t mean you have to forgo creature comforts, considering the Forester comes standard with Apple CarPlay® and Android Auto™ integration, as well as brake assist and adaptive cruise control safety features.Rounding out the Forester’s appeal is the vehicle’s “recommended” status from Consumer Reports and the fact that it landed on the magazine’s top 10 list for best cars of 2024.5. Ford MaverickEstimated price increase: 10%Thanks to their versatility, pickup trucks are some of the best-selling vehicles in the U.S. While many trucks have grown in size, the compact Maverick is decidedly smaller, making it a perfect match for buyers who want a truck bed and an easy drive around town.The base 2024 Maverick model is affordable, with its starting price of $23,920, but next year’s price will rise to $26,395. It’ll be easier to upgrade to the optional AWD and 4,000-lb towing package if you buy at this year’s lower price. To top it all off, Consumer Reports recommends the Maverick, so you’ll be getting a great vehicle at a good price.No matter what type of vehicle you choose, check out some of the end-of-the-year incentives these companies may be offering. Many dealerships are eager to get last year’s models off the lot before 2025, which can benefit your wallet.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.Chris Neiger has positions in Apple. The Motley Fool has positions in and recommends Apple. The Motley Fool has a disclosure policy.”}]] [[{“value”:”

New car prices have rapidly risen over the past few years and are up $10,000 compared to five years ago. Thankfully, the largest price increases seem to be behind us, and some experts say that we’ve entered a buyer’s market with more incentives being offered.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

But it’s not all good news. Some 2025 car models are being sold for significantly more than their 2024 counterparts, making now a good time to jump on the lower prices. Here are five of them.

1. Toyota Prius

Estimated price increase: 7%

The Prius is a car that doesn’t compromise on its environmental ideals, but has matured enough to realize it doesn’t need to brag about them constantly. Redesigned in 2023, the Prius is sleek and eye-catching while still getting an impressive combined (highway plus city) estimated 57 MPG.

The 2.0-liter, 194-horsepower hybrid engine will zip you around town, while standard safety features like pedestrian detection, lane departure assist, and blind spot monitoring will help give you peace of mind getting from Point A to B.

Plus, it’s the winner of the 2024 MotorTrend Car of the Year. You can get your hands on this year’s model at a starting price of $27,950 before the cost rises to an estimated $30,000 in 2025.

Tip: Hybrids like the Prius are often more expensive to insure than traditional gas-powered vehicles. Click here to get quotes for the cheapest car insurance.

2. Chrysler Pacifica

Estimated price increase 7%

If long drives with kids in the backseat are in your future (or you find yourself carting six of your friends to breweries on the weekends), you might want to jump at buying the Chrysler Pacifica before the price increase next year.

The 2024 Select model starts at $39,645, while the 2025 version ups the price to $42,450. Either way, you’ll get a 3.6-liter 287 horsepower engine with a combined estimated 22 MPG and a large 10.1-inch touchscreen display.

The Pacifica has plenty of standard safety features, including brake assist, blind spot detection, and forward collision warning. It also received Consumer Reports’ coveted “recommended” badge, so you can buy with confidence.

3. Cadillac Escalade

Estimated price increase: 7%

Buying a Cadillac Escalade isn’t exactly a money-saving move, but if you want to spend less on the luxury purchase, opt for the 2024 model. The base price for this year’s model is $81,895, compared to $87,595 for the 2025 version.

Of course, there’s nothing basic about the base Escalade model. You’ll power down the road with a 420 horsepower 6.2-liter V8, cruising to your favorite tunes on the SUV’s 19-speaker audio system and glancing down with ease at the 16.9-inch infotainment screen.

Related: Luxury vehicles like the Escalade can often cost more to insure than cheaper SUVs. Compare quotes from the best car insurance companies to ensure you get the best rates.

4. Subaru Forester

Estimated price increase: 9.6%

If you’re looking to save on your next vehicle to take you through the great outdoors, the 2024 Subaru Forester is a good bet. This year’s model starts at $27,095, but will jump to $29,695 for the 2025 version.

With 8.7 inches of ground clearance and standard all-wheel drive, the Forester will feel right at home traversing off of well-worn paths. But that doesn’t mean you have to forgo creature comforts, considering the Forester comes standard with Apple CarPlay® and Android Auto™ integration, as well as brake assist and adaptive cruise control safety features.

Rounding out the Forester’s appeal is the vehicle’s “recommended” status from Consumer Reports and the fact that it landed on the magazine’s top 10 list for best cars of 2024.

5. Ford Maverick

Estimated price increase: 10%

Thanks to their versatility, pickup trucks are some of the best-selling vehicles in the U.S. While many trucks have grown in size, the compact Maverick is decidedly smaller, making it a perfect match for buyers who want a truck bed and an easy drive around town.

The base 2024 Maverick model is affordable, with its starting price of $23,920, but next year’s price will rise to $26,395. It’ll be easier to upgrade to the optional AWD and 4,000-lb towing package if you buy at this year’s lower price. To top it all off, Consumer Reports recommends the Maverick, so you’ll be getting a great vehicle at a good price.

No matter what type of vehicle you choose, check out some of the end-of-the-year incentives these companies may be offering. Many dealerships are eager to get last year’s models off the lot before 2025, which can benefit your wallet.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.Chris Neiger has positions in Apple. The Motley Fool has positions in and recommends Apple. The Motley Fool has a disclosure policy.

“}]] Read More 

[[{“value”:”Image source: Getty Images
There are many reasons Costco has an army of fans. For starters, the store combines high quality with low prices. Plus, you can get great value on everything from gas to insurance. Not only that, but people also rave about its customer service.Top credit card to use at Costco (and everywhere else!)
We love versatile credit cards that offer huge rewards everywhere, including Costco! This card is a standout among America’s favorite credit cards because it offers perhaps the easiest $200 cash bonus you could ever earn and an unlimited 2% cash rewards on purchases, even when you shop at Costco. Add on the competitive 0% interest period and it’s no wonder we awarded this card Best No Annual Fee Credit Card.
Click here to read our full review for free and apply before the $200 welcome bonus offer ends!The downside? For the most part, you’ll need to pay an annual membership fee to shop there.A regular Gold Star membership will set you back $65 a year, while its premium Executive membership fee is $130. Costco uses those fees to keep prices low and offset its operating costs. Costco bosses are so confident that members get good value from their annual fees that they rarely discount the cost.Even so, you can offset the annual fee by using a top credit card for spending at Costco to get cash back every time you shop. There are also two ways for some new members to get Costco gift cards when they sign up, which is tantamount to a discount. Here’s how.1. Look for offers on Groupon and other discount sitesRoughly once a year, new members can get a Costco gift card when they sign up using certain coupon sites. Luckily, there’s a promotion running at the moment. Until Dec. 22, you can get a $45 Costco Shop Card if you buy a new membership through Groupon or Stack Social.If you’re buying the Gold Star membership, it effectively reduces your first year’s fee to $20. You’ll receive the $45 card by email within two weeks of signing up. New members or people who haven’t had a Costco membership in the past 18 months qualify.2. Check out ID.me’s offers for certain professionsCostco has teamed up with ID.me, a digital identity network, to offer credits to certain groups of people when they join. If you qualify, you can get a $20 or $40 Costco Shop Card for signing up for the Gold Star or Executive memberships respectively. Unlike the time-sensitive deal above, there’s no expiration date on the offer. However, it isn’t open to everybody.To get the credit, members of the following professions need to register at ID.me, follow the sign up links, and enroll in auto-renew.NursesFirst respondersTeachersMedical providersGovernment employeesStudentsSeniorsAs with the Groupon and Stack Social offer, it’s only open to new members or people who haven’t had an active membership for the past 18 months. You’ll also need to pay using a Visa credit card to get the incentive.Get more value from your Costco membershipIf you can swing a new member welcome credit when you get a new Costco membership, that’s extra money to spend in-store or elsewhere. Even so, a $20, $40, or $45 credit pales in comparison with some of the cash back rewards you might earn.The average American household spent over $6,000 last year on groceries, per the Bureau of Labor Statistics. If you spend even a part of that in Costco, you might be able to earn hundreds of dollars in rewards. In fact, you could cover your annual membership fee and still have bonus money.How? The first step is to think about what credit card you want to pay with. Look for a card that’s compatible with Costco (which only takes Visa cards in store) and pays decent rewards on everyday spending. Even better if it won’t charge you an annual fee. Click here to learn more about our best strategy for saving money at Costco.If you can stack benefits, so much the better. For example, if you spend more than $3,250 at the warehouse giant, consider upgrading to an Executive membership. One of the big perks is 2% cash back on the majority of your Costco spending. If you have a big household and regularly shop at Costco, the extra membership fee could quickly pay for itself and then some.New member promotions are the icing on the cakeIf you’re unsure about getting a Costco membership, these promotions might act as an extra push to jump in. Once you do, Costco believes you’ll get so much value that even a full-price membership will pay for itself. In truth, a lot depends on your household, spending habits, and whether there’s a Costco near you.During your first year, see if you can keep a mental tally of any savings or extra costs. That way, when your membership is up for renewal, you’ll know if it is worth paying for it again.Top credit card to use at Costco (and everywhere else!)
We love versatile credit cards that offer huge rewards everywhere, including Costco! This card is a standout among America’s favorite credit cards because it offers perhaps the easiest $200 cash bonus you could ever earn and an unlimited 2% cash rewards on purchases, even when you shop at Costco. Add on the competitive 0% interest period and it’s no wonder we awarded this card Best No Annual Fee Credit Card.
Click here to read our full review for free and apply before the $200 welcome bonus offer ends!We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.Emma Newbery has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Costco Wholesale and Visa. The Motley Fool has a disclosure policy.”}]] [[{“value”:”

There are many reasons Costco has an army of fans. For starters, the store combines high quality with low prices. Plus, you can get great value on everything from gas to insurance. Not only that, but people also rave about its customer service.

Top credit card to use at Costco (and everywhere else!)

We love versatile credit cards that offer huge rewards everywhere, including Costco! This card is a standout among America’s favorite credit cards because it offers perhaps the easiest $200 cash bonus you could ever earn and an unlimited 2% cash rewards on purchases, even when you shop at Costco.

Add on the competitive 0% interest period and it’s no wonder we awarded this card Best No Annual Fee Credit Card.

Click here to read our full review for free and apply before the $200 welcome bonus offer ends!

The downside? For the most part, you’ll need to pay an annual membership fee to shop there.

A regular Gold Star membership will set you back $65 a year, while its premium Executive membership fee is $130. Costco uses those fees to keep prices low and offset its operating costs. Costco bosses are so confident that members get good value from their annual fees that they rarely discount the cost.

Even so, you can offset the annual fee by using a top credit card for spending at Costco to get cash back every time you shop. There are also two ways for some new members to get Costco gift cards when they sign up, which is tantamount to a discount. Here’s how.

1. Look for offers on Groupon and other discount sites

Roughly once a year, new members can get a Costco gift card when they sign up using certain coupon sites. Luckily, there’s a promotion running at the moment. Until Dec. 22, you can get a $45 Costco Shop Card if you buy a new membership through Groupon or Stack Social.

If you’re buying the Gold Star membership, it effectively reduces your first year’s fee to $20. You’ll receive the $45 card by email within two weeks of signing up. New members or people who haven’t had a Costco membership in the past 18 months qualify.

2. Check out ID.me’s offers for certain professions

Costco has teamed up with ID.me, a digital identity network, to offer credits to certain groups of people when they join. If you qualify, you can get a $20 or $40 Costco Shop Card for signing up for the Gold Star or Executive memberships respectively. Unlike the time-sensitive deal above, there’s no expiration date on the offer. However, it isn’t open to everybody.

To get the credit, members of the following professions need to register at ID.me, follow the sign up links, and enroll in auto-renew.

• Nurses
• First responders
• Teachers
• Medical providers
• Government employees
• Students
• Seniors

As with the Groupon and Stack Social offer, it’s only open to new members or people who haven’t had an active membership for the past 18 months. You’ll also need to pay using a Visa credit card to get the incentive.

Get more value from your Costco membership

If you can swing a new member welcome credit when you get a new Costco membership, that’s extra money to spend in-store or elsewhere. Even so, a $20, $40, or $45 credit pales in comparison with some of the cash back rewards you might earn.

The average American household spent over $6,000 last year on groceries, per the Bureau of Labor Statistics. If you spend even a part of that in Costco, you might be able to earn hundreds of dollars in rewards. In fact, you could cover your annual membership fee and still have bonus money.

How? The first step is to think about what credit card you want to pay with. Look for a card that’s compatible with Costco (which only takes Visa cards in store) and pays decent rewards on everyday spending. Even better if it won’t charge you an annual fee. Click here to learn more about our best strategy for saving money at Costco.

If you can stack benefits, so much the better. For example, if you spend more than $3,250 at the warehouse giant, consider upgrading to an Executive membership. One of the big perks is 2% cash back on the majority of your Costco spending. If you have a big household and regularly shop at Costco, the extra membership fee could quickly pay for itself and then some.

New member promotions are the icing on the cake

If you’re unsure about getting a Costco membership, these promotions might act as an extra push to jump in. Once you do, Costco believes you’ll get so much value that even a full-price membership will pay for itself. In truth, a lot depends on your household, spending habits, and whether there’s a Costco near you.

During your first year, see if you can keep a mental tally of any savings or extra costs. That way, when your membership is up for renewal, you’ll know if it is worth paying for it again.

Top credit card to use at Costco (and everywhere else!)

We love versatile credit cards that offer huge rewards everywhere, including Costco! This card is a standout among America’s favorite credit cards because it offers perhaps the easiest $200 cash bonus you could ever earn and an unlimited 2% cash rewards on purchases, even when you shop at Costco.

Add on the competitive 0% interest period and it’s no wonder we awarded this card Best No Annual Fee Credit Card.

Click here to read our full review for free and apply before the $200 welcome bonus offer ends!

We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.Emma Newbery has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Costco Wholesale and Visa. The Motley Fool has a disclosure policy.

“}]] Read More 

[[{“value”:”Image source: Upsplash/The Motley Fool
People who shop at Costco often enough are usually encouraged to upgrade from a basic membership to an Executive membership. The obvious downside of Costco’s Executive membership is that it costs twice as much as a Gold Star membership — $130 a year vs. $65. Top credit card to use at Costco (and everywhere else!)
We love versatile credit cards that offer huge rewards everywhere, including Costco! This card is a standout among America’s favorite credit cards because it offers perhaps the easiest $200 cash bonus you could ever earn and an unlimited 2% cash rewards on purchases, even when you shop at Costco. Add on the competitive 0% interest period and it’s no wonder we awarded this card Best No Annual Fee Credit Card.
Click here to read our full review for free and apply before the $200 welcome bonus offer ends!But in exchange, there’s a big benefit to enjoy — 2% cash back on your Costco purchases. And if you spend enough, you may find that you can recoup your $65 Executive membership upgrade cost and come out ahead.That said, there are some drawbacks to signing up for Costco’s Executive membership. Here are a few you should know about before you upgrade. 1. You may end up overspendingIt’s easy to fall victim to impulse shopping at a store like Costco, where there’s so much inventory to choose from and the prices are fantastic. But having an Executive membership could make you even more likely to overspend.Since the Executive membership gives you cash back, you might feel you can spend more freely because a portion of what you’re paying comes back to you. But while that’s true, it also means you risk ending up with credit card debt from charging purchases you can’t afford to pay for in full. If you’re going to get an Executive membership, you may want to set a weekly spending budget to make sure you’re not going overboard.2. You have to lay out more money upfrontThe nice thing about an Executive membership at Costco is that you can downgrade it to a basic one at any time. And if you’re not satisfied with your Executive membership — say, because you didn’t rack up enough cash back on it — Costco will refund you the upgrade fee so you’re not out the extra $65. Knowing this, you may be more inclined to take a chance on the Executive membership. But even though you’ll be reimbursed your upgrade fee if that membership doesn’t work out, you’re still laying out the money upfront. And if you’re on a tight budget, having to renew your Costco membership at $130 vs. $65 could put a serious strain on your finances the month you do so.3. You won’t earn cash back on everythingWith an Executive membership, you can earn cash back on a host of Costco purchases that go beyond regular groceries and household essentials. Travel purchases booked through Costco are eligible for 2% back on an Executive membership. So are things like appliances and electronics.But there are several popular Costco buys that won’t earn you cash back. Gas is a big one. If you fill up your car at Costco every week, that’s a lot of missed opportunities. And while Costco’s food court tends to be reasonably priced, the meals you buy there won’t earn you cash back on an Executive membership, either. Of course, you can make up for the lack of Executive membership cash back at Costco fuel stations by paying for gas with the right credit card. Click here for a list of the best credit cards for gas rewards.Another way to earn cash backAlthough there’s a big benefit to upgrading your Costco membership, it’s important to be aware of the downsides, too. If you decide an Executive membership isn’t worth it for you, or if you can’t comfortably afford the $65 upgrade fee, know that there’s still a way to earn cash back on your Costco purchases. All you need to do is get your hands on the right credit card.Click here for a list of the best credit cards for Costco shoppers. It’s a great way to earn rewards on your purchases without having to spend extra money on a membership.Top credit card to use at Costco (and everywhere else!)
We love versatile credit cards that offer huge rewards everywhere, including Costco! This card is a standout among America’s favorite credit cards because it offers perhaps the easiest $200 cash bonus you could ever earn and an unlimited 2% cash rewards on purchases, even when you shop at Costco. Add on the competitive 0% interest period and it’s no wonder we awarded this card Best No Annual Fee Credit Card.
Click here to read our full review for free and apply before the $200 welcome bonus offer ends!We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.Maurie Backman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Costco Wholesale. The Motley Fool has a disclosure policy.”}]] [[{“value”:”

People who shop at Costco often enough are usually encouraged to upgrade from a basic membership to an Executive membership. The obvious downside of Costco’s Executive membership is that it costs twice as much as a Gold Star membership — $130 a year vs. $65.

Top credit card to use at Costco (and everywhere else!)

We love versatile credit cards that offer huge rewards everywhere, including Costco! This card is a standout among America’s favorite credit cards because it offers perhaps the easiest $200 cash bonus you could ever earn and an unlimited 2% cash rewards on purchases, even when you shop at Costco.

Add on the competitive 0% interest period and it’s no wonder we awarded this card Best No Annual Fee Credit Card.

Click here to read our full review for free and apply before the $200 welcome bonus offer ends!

But in exchange, there’s a big benefit to enjoy — 2% cash back on your Costco purchases. And if you spend enough, you may find that you can recoup your $65 Executive membership upgrade cost and come out ahead.

That said, there are some drawbacks to signing up for Costco’s Executive membership. Here are a few you should know about before you upgrade.

1. You may end up overspending

It’s easy to fall victim to impulse shopping at a store like Costco, where there’s so much inventory to choose from and the prices are fantastic. But having an Executive membership could make you even more likely to overspend.

Since the Executive membership gives you cash back, you might feel you can spend more freely because a portion of what you’re paying comes back to you. But while that’s true, it also means you risk ending up with credit card debt from charging purchases you can’t afford to pay for in full. If you’re going to get an Executive membership, you may want to set a weekly spending budget to make sure you’re not going overboard.

2. You have to lay out more money upfront

The nice thing about an Executive membership at Costco is that you can downgrade it to a basic one at any time. And if you’re not satisfied with your Executive membership — say, because you didn’t rack up enough cash back on it — Costco will refund you the upgrade fee so you’re not out the extra $65.

Knowing this, you may be more inclined to take a chance on the Executive membership. But even though you’ll be reimbursed your upgrade fee if that membership doesn’t work out, you’re still laying out the money upfront. And if you’re on a tight budget, having to renew your Costco membership at $130 vs. $65 could put a serious strain on your finances the month you do so.

3. You won’t earn cash back on everything

With an Executive membership, you can earn cash back on a host of Costco purchases that go beyond regular groceries and household essentials. Travel purchases booked through Costco are eligible for 2% back on an Executive membership. So are things like appliances and electronics.

But there are several popular Costco buys that won’t earn you cash back. Gas is a big one. If you fill up your car at Costco every week, that’s a lot of missed opportunities. And while Costco’s food court tends to be reasonably priced, the meals you buy there won’t earn you cash back on an Executive membership, either.

Of course, you can make up for the lack of Executive membership cash back at Costco fuel stations by paying for gas with the right credit card. Click here for a list of the best credit cards for gas rewards.

Another way to earn cash back

Although there’s a big benefit to upgrading your Costco membership, it’s important to be aware of the downsides, too. If you decide an Executive membership isn’t worth it for you, or if you can’t comfortably afford the $65 upgrade fee, know that there’s still a way to earn cash back on your Costco purchases. All you need to do is get your hands on the right credit card.

Click here for a list of the best credit cards for Costco shoppers. It’s a great way to earn rewards on your purchases without having to spend extra money on a membership.

Top credit card to use at Costco (and everywhere else!)

We love versatile credit cards that offer huge rewards everywhere, including Costco! This card is a standout among America’s favorite credit cards because it offers perhaps the easiest $200 cash bonus you could ever earn and an unlimited 2% cash rewards on purchases, even when you shop at Costco.

Add on the competitive 0% interest period and it’s no wonder we awarded this card Best No Annual Fee Credit Card.

Click here to read our full review for free and apply before the $200 welcome bonus offer ends!

We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.Maurie Backman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Costco Wholesale. The Motley Fool has a disclosure policy.

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[[{“value”:”Image source: The Motley Fool/Upsplash
Figuring out what an ideal checking account balance is can be tough. You don’t want to keep too much money in your checking account, because often, these accounts pay no interest. And even if your checking account does give you some interest on your balance, chances are, it pays a much lower rate than what you can get in a savings account.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. At the same time, you don’t want your checking account balance to get too low. And if yours ends up dropping below $100, you might face a few unwanted consequences, like these.1. You might struggle to pay your billsEven if you live frugally, chances are, your monthly bills come to way more than $100. But if your checking account balance drops below that point, you might have a hard time paying your bills. And if you’re late, there can be consequences like added fees and damage to your credit score.Now it may be that you’re looking at a checking account balance of under $100 because you just finished paying your monthly bills and your next paycheck hasn’t arrived. In that case, though, you risk running into a bad situation if a surprise bill arises.So generally speaking, it’s good to keep a little extra cash in your checking account at all times, just in case. And while an extra $100 is better than nothing, it’s best to aim a little bit higher. If you end up needing a surprise car repair, for example, there’s a good chance $100 won’t cover it.2. You might get hit with a maintenance feeSome banks charge a monthly maintenance fee for balances that fall below a certain threshold — even if you’re only carrying that lower balance for a day or two. Now that exact amount will depend on your bank. But it may be that if your balance dips below $100, it leaves you open to a pesky fee you can’t easily afford. So that’s another reason to not let your checking account balance get too low.That said, if your bank charges too many annoying fees, it may be time to find yourself a new one. Click here for a list of the best checking accounts so you can explore your options.3. You might have to pay an overdraft feeIf your checking account balance dips below $100, you may not have enough money in there to cover an unexpected expense. And if you overdraw your account, your bank might hit you with an overdraft fee that only adds insult to injury.The good news is that some banks have done away with overdraft fees altogether. But plenty of banks still charge them. Once again, this is a situation where it could pay to look for a new checking account to minimize the fees you’re on the hook for.Having your checking account balance fall below $100 could have more consequences than you’d expect. For these reasons, do your best to keep your checking account balance above $100. A good practice is to try to have enough money to cover one to two months’ worth of bills in your checking account so you don’t have to stress about being late with payments or being unable to cover surprise costs that pop up.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.”}]] [[{“value”:”

Figuring out what an ideal checking account balance is can be tough. You don’t want to keep too much money in your checking account, because often, these accounts pay no interest. And even if your checking account does give you some interest on your balance, chances are, it pays a much lower rate than what you can get in a savings account.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

At the same time, you don’t want your checking account balance to get too low. And if yours ends up dropping below $100, you might face a few unwanted consequences, like these.

1. You might struggle to pay your bills

Even if you live frugally, chances are, your monthly bills come to way more than $100. But if your checking account balance drops below that point, you might have a hard time paying your bills. And if you’re late, there can be consequences like added fees and damage to your credit score.

Now it may be that you’re looking at a checking account balance of under $100 because you just finished paying your monthly bills and your next paycheck hasn’t arrived. In that case, though, you risk running into a bad situation if a surprise bill arises.

So generally speaking, it’s good to keep a little extra cash in your checking account at all times, just in case. And while an extra $100 is better than nothing, it’s best to aim a little bit higher. If you end up needing a surprise car repair, for example, there’s a good chance $100 won’t cover it.

2. You might get hit with a maintenance fee

Some banks charge a monthly maintenance fee for balances that fall below a certain threshold — even if you’re only carrying that lower balance for a day or two. Now that exact amount will depend on your bank. But it may be that if your balance dips below $100, it leaves you open to a pesky fee you can’t easily afford. So that’s another reason to not let your checking account balance get too low.

That said, if your bank charges too many annoying fees, it may be time to find yourself a new one. Click here for a list of the best checking accounts so you can explore your options.

3. You might have to pay an overdraft fee

If your checking account balance dips below $100, you may not have enough money in there to cover an unexpected expense. And if you overdraw your account, your bank might hit you with an overdraft fee that only adds insult to injury.

The good news is that some banks have done away with overdraft fees altogether. But plenty of banks still charge them. Once again, this is a situation where it could pay to look for a new checking account to minimize the fees you’re on the hook for.

Having your checking account balance fall below $100 could have more consequences than you’d expect. For these reasons, do your best to keep your checking account balance above $100. A good practice is to try to have enough money to cover one to two months’ worth of bills in your checking account so you don’t have to stress about being late with payments or being unable to cover surprise costs that pop up.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.

“}]] Read More 

[[{“value”:”Image source: Getty Images
With interest rates in the news every few weeks, and lately always on the decline, it can be hard to know just what to do with your money, or what will happen when you do make a decision about it. Although the rate that the Federal Reserve Board sets is not the same as the rate you’re going to be paid by an investment vehicle, it does influence rates of certificates of deposit (CDs) and even savings accounts.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. When the federal funds rate goes down, eventually all kinds of other rates start to fall. So what happens if you put $5,000 in a 6-month CD today?1. You’ll lock in your earnings for six monthsWhen you buy a CD, it’s different from just putting money into a savings account. You actually lock in your interest rate for the period of the CD, whether that’s six months or 60 months. Right now, since rates are falling, it’s a good idea to lock in for as long as possible, but if six months is that number for you, then that’s still six months of high-interest CD earnings.If you’re not sure that a certificate of deposit is a good fit right now, consider at least moving your savings to a high-yield savings account to reap a little bit more interest on your money, while keeping it available for use at any time. We keep a curated list of some of our favorite savings accounts — click here to check it out and see current rates.2. Your interest will be compounded monthlyUnlike some other types of investments, your interest is generally compounded monthly with a certificate of deposit. That means that every month, the bank will calculate how much interest your money has earned and add that back into your principal, so that the next month, you earn even more.Here’s a quick example of how that works. Let’s say your $5,000 is earning the average 4.43% for CDs as of Nov. 18, 2024. In the first month, you’ll earn $18.46 in interest, which will be added to your balance, making your new investment $5,018.46. In the next month, you’ll earn $18.53, which will also be added to your balance, giving you $5,036.99 which you can earn interest from.At the end of your six months, you’ll have earned about $111.77 in interest due to the compounding. That might not sound like a lot, but as your savings grows, the compounding effect gets increasingly dramatic.CD ValueEarned InterestTotal ValueMonth 1$5,000.00$18.46$5,018.46Month 2$5,018.46$18.53$5,036.99Month 3$5,036.99$18.59$5,055.58Month 4$5,055.58$18.66$5,074.24Month 5$5,074.24$18.73$5,092.97Month 6$5,092.97$18.80$5,111.77Chart by author. Calculations by author.3. You’ll have some time to consider your next moveSix months isn’t a long time to think, but if you just want to try out a CD and see what it’s like to have one, or if you’re considering a longer-term investment like a Treasury note, you’ll have some time to research and ponder. CDs can be very intimidating, since many come with stiff penalties for early withdrawal, so it’s smart to make sure you can really do without the money before going in on a much longer lock.If you decide that a longer-term CD is right for you, check out the rates on our list of favorite CDs here. You can even get a 5-year CD with an APY in the mid-3% range now.Choosing which CD to invest inContrary to popular belief, you can invest in any CD that you choose, even if it’s not offered by your regular bank. You do want to check all the terms and conditions of the CD before you take the plunge, just so you know what is expected of you and any penalties that you’ll want to avoid. But once you’ve done that, your CD will become a source of passive income for the next six months. Just set it and forget it — nothing could be easier.Alert: highest cash back card we’ve seen now has 0% intro APR into 2026
This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!
Click here to read our full review for free and apply in just 2 minutes. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.”}]] [[{“value”:”

With interest rates in the news every few weeks, and lately always on the decline, it can be hard to know just what to do with your money, or what will happen when you do make a decision about it. Although the rate that the Federal Reserve Board sets is not the same as the rate you’re going to be paid by an investment vehicle, it does influence rates of certificates of deposit (CDs) and even savings accounts.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

When the federal funds rate goes down, eventually all kinds of other rates start to fall. So what happens if you put $5,000 in a 6-month CD today?

1. You’ll lock in your earnings for six months

When you buy a CD, it’s different from just putting money into a savings account. You actually lock in your interest rate for the period of the CD, whether that’s six months or 60 months. Right now, since rates are falling, it’s a good idea to lock in for as long as possible, but if six months is that number for you, then that’s still six months of high-interest CD earnings.

If you’re not sure that a certificate of deposit is a good fit right now, consider at least moving your savings to a high-yield savings account to reap a little bit more interest on your money, while keeping it available for use at any time. We keep a curated list of some of our favorite savings accounts — click here to check it out and see current rates.

2. Your interest will be compounded monthly

Unlike some other types of investments, your interest is generally compounded monthly with a certificate of deposit. That means that every month, the bank will calculate how much interest your money has earned and add that back into your principal, so that the next month, you earn even more.

Here’s a quick example of how that works. Let’s say your $5,000 is earning the average 4.43% for CDs as of Nov. 18, 2024. In the first month, you’ll earn $18.46 in interest, which will be added to your balance, making your new investment $5,018.46. In the next month, you’ll earn $18.53, which will also be added to your balance, giving you $5,036.99 which you can earn interest from.

At the end of your six months, you’ll have earned about $111.77 in interest due to the compounding. That might not sound like a lot, but as your savings grows, the compounding effect gets increasingly dramatic.

3. You’ll have some time to consider your next move

Six months isn’t a long time to think, but if you just want to try out a CD and see what it’s like to have one, or if you’re considering a longer-term investment like a Treasury note, you’ll have some time to research and ponder. CDs can be very intimidating, since many come with stiff penalties for early withdrawal, so it’s smart to make sure you can really do without the money before going in on a much longer lock.

If you decide that a longer-term CD is right for you, check out the rates on our list of favorite CDs here. You can even get a 5-year CD with an APY in the mid-3% range now.

Choosing which CD to invest in

Contrary to popular belief, you can invest in any CD that you choose, even if it’s not offered by your regular bank. You do want to check all the terms and conditions of the CD before you take the plunge, just so you know what is expected of you and any penalties that you’ll want to avoid. But once you’ve done that, your CD will become a source of passive income for the next six months. Just set it and forget it — nothing could be easier.

Alert: highest cash back card we’ve seen now has 0% intro APR into 2026

This credit card is not just good – it’s so exceptional that our experts use it personally. It features a 0% intro APR for 15 months, a cash back rate of up to 5%, and all somehow for no annual fee!

Click here to read our full review for free and apply in just 2 minutes.

We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers.
Motley Fool Money does not cover all offers on the market. Editorial content from Motley Fool Money is separate from The Motley Fool editorial content and is created by a different analyst team.The Motley Fool has a disclosure policy.

“}]] Read More