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Press Releases

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MoneyRates Explains How to Reach Both HSA and 401(k) Contribution Limits

Foster City, CA -- February 13, 2020 -- Personal finance resource, MoneyRates.com, recently published analysis and recommendations on how best to fund Health Savings Accounts (HSAs) while also maximizing investment in 401(k) accounts.

MoneyRates.com Answers Americans: How Much Credit-Card Debt is too Much?

February 12, 2020 -- Foster City, CA -- Personal finance resource MoneyRates.com released a guide today for Americans drowning in credit-card debt. To answer the question, the new report looks at how debt impacts credit score, net worth, and the ability to get a loan.

New MoneyRates Study Shows Americans Overpay $72.5 Billion a Year on Credit-Card Debt

Foster City, CA - February 5, 2020 - Today, American consumers hold $1.086 trillion in credit-card debt. Twenty years ago it was $610 billion. Many people make their rising debt worse by paying more interest than necessary. A new credit-card-debt study from MoneyRates.com shows high credit card interest rates cost Americans an extra $72.5 billion every year due to inefficient debt use. This figure is based on the new Excess Credit Expense Index, which shows how much consumers cost themselves by using short-term credit to pay for long-term debt.

MoneyRates Survey Shows Savings Account Rates Suffered Largest Drop Since 2012

Foster City, CA - January 30, 2020 - Today, MoneyRates.com released its quarterly survey of America's Best Rates for the last quarter of 2019. The analysis shows that interest rates on all bank deposit products fell for the third consecutive quarter. However, savings account rates, on average, suffered the largest single-quarter drop in the seven-year history of the survey.

MoneyRates Details State and Federal Tax-Prep Costs

Foster City, CA -- January 16, 2020 -- Personal finance resource, MoneyRates.com, recently published research into costs for 14 mostly free online tax preparation services, 19 paid subscription preparer services and surveyed professional tax-preparation costs throughout the United States.

MoneyRates.com Study Reveals 10 Best States for Retirement in 2020

Foster City, CA: January 14, 2020 - Where people choose to retire can affect their lifestyle dramatically, so learning about different locations should be a priority for all those nearing retirement age. MoneyRates.com today released its Top 10 States for Retirement in 2020 study. The tenth annual study shows clear winners using five factors: healthcare conditions, personal security, local economy, weather and popularity with older residents.

LendingPoint Executive Explains Tech's Influence on Loan Industry for MoneyRates.com

Foster City, CA - January 8, 2020 -Technology has changed the landscape of many industries. To explore its effect on opening up the personal loan market, MoneyRates.com, a personal finance website, conducted an extensive interview with Raul Tavares, Chief of Staff for LendingPoint (a financial technology company), about the benefits of tech-driven lending.

Award-winning Study by MoneyRates.com Reveals Best and Worst States for Healthcare

Foster City, CA -- December 17, 2019 -- Healthcare is a leading issue for the 2020 presidential election. Though a hot topic for national debate, healthcare conditions are highly localized. MoneyRates.com released its second annual healthcare study which found sharp divisions from state to state and the District of Columbia (D.C.).

MoneyRates' Experts Define Best Customer Service for Banks

Foster City, CA -- December 3, 2019 -- Personal finance resource, MoneyRates.com, researched what makes bank customers most satisfied and allows some institutions to grow more rapidly than others. Two banks that have achieved excellent deposit growth were explored in-depth: Flagstar Bank and Ally Bank.

10 Best States to Raise a Family in 2020 - MoneyRates' Study Shows New Jersey on Top

Foster City, CA -- November 20, 2019 -- Personal finance resource, MoneyRates.com, just published research examining measurable factors that contribute to -- or detract from -- the environment for raising children in 2020.

Holiday Spending - MoneyRates' Survey Shows Most Budget under $1,000

Foster City, CA -- November 14, 2019 - Personal finance resource, MoneyRates.com, just published the results of a consumer survey on holiday spending. Surprisingly, more than one-quarter of respondents say they will not spend extra during the holiday season.

New MoneyRates.com survey finds out how consumers paid their 2018 tax bills

November 13, 2019 -- Foster City, CA - Paying taxes is an experience most Americans can do without. But in recent years, it's been a bit more painful due to federal changes that caught taxpayers off guard, resulting in more Americans owing more money.

New MoneyRates.com Survey Reveals Biggest Checking Account Fees

Foster City, CA: August 27, 2019 - Checking accounts are an important part of everyday life for most people, but they are not all created equal. Consumers pay hundreds of dollars each year in unnecessary checking account fees, and many find minimum-balance requirements too steep to manage.

MoneyRates.com Survey: Consumers Earn 15x Interest with Top-Ranked Banks

Foster City, CA: July 31, 2019 - Today's America's Best Rates analysis by personal finance resource MoneyRates.com shows consumers still have an opportunity to increase the amount of interest they earn on CDs, savings and money market accounts. The difference between the top savings account rate in this quarter's study and the average interest rate amounts to $195.90 a year in extra interest on a $10,000 account.

Study Reveals the Best Cities for Entrepreneurs

Foster City, CA - July 18, 2019 - Personal finance resource MoneyRates.com reveals the "Best Cities for Young Entrepreneurs" to start a business. The personal finance website looked at more than 380 U.S. metropolitan areas to determine the top 25 and highlights why location is so critical to a startup.

Retiring: Selling Your Home Won't Cover Rent in 80 Percent of U.S. Cities

Foster City, CA – July 11, 2019 – Personal finance resource MoneyRates.com today announced the 10 best places to downsize in retirement. Downsizing can provide convenience, safety and financial benefits, but the latest study finds the benefits can vary starkly by location.

MoneyRates.com Reveals the Best States for Car Enthusiasts

Foster City, CA: June 27, 2019 - MoneyRates.com revealed the best states for car enthusiasts today. While Virginia may be the state for lovers, it didn't make the top-ten list for car lovers. One may think states in the Southeast would be first to the finish line with a truckload of stock-car racing fans, but it was the Midwest that accelerated to the top.

New MoneyRates.com Study Names the Best States for Millennials

Foster City, CA - June 25, 2019 - With a new wave of graduates and young workers entering the early stages of their careers, personal finance resource MoneyRates.com looked at where the best opportunities lay ahead for them, releasing today its new report ranking the best states for millennials.

MoneyRates.com Study: Most Fashionable U.S. Cities in 2019

Foster City, CA: June 19, 2019 - MoneyRates.com updated its study of the most fashionable U.S. cities based on the concentration of clothing stores per capita. An analysis of 382 metropolitan areas identifies the top 10 fashion-oriented cities for 2019.

MoneyRates.com Study Ranks Healthcare by State with New Comparison Tool

Foster City, CA: June 13, 2019 - MoneyRates.com released a study today on the quality of healthcare in each of the 50 states and the District of Columbia. Seven different factors were analyzed based on data from the U.S. Census Bureau and the Centers for Disease Control and Prevention. The analysis showed that location of residency can impact access, cost and effectiveness of healthcare services.

MoneyRates.com Study: Texas Emerges as Best State for Banking

Foster City, CA: May 14, 2019 - The Best States for Banking analysis released today by personal finance resource MoneyRates.com shows Texas leading the way in terms of retail banking conditions, when factoring in:

  • Total number of bank locations in each state
  • Number of banks offering one of the nation's top interest rates
  • JD Power customer-service ratings for all banks that had locations in each state

Anyone looking for a job would be wise to pick their spots, according to a new study by MoneyRates.com

Foster City, CA - May 7, 2019 - Personal finance resource MoneyRates.com today released its annual study showing the 10 best job markets in the United States. While employment conditions in the U.S. are generally good, they range from outstanding in some cities to dismal in others.

MoneyRates.com Survey: Customers Can Earn 20X Interest With Leading Banks

Foster City, CA: April 30, 2019 - The America's Best Rates analysis released today by personal finance resource MoneyRates.com shows most banks are dragging their feet in offering customers higher interest rates on deposit accounts, despite generally higher rates throughout the economy.

New Study from Moneyrates.com Names the Best States to Make a Living

Foster City, CA - April 25, 2019 - Personal finance resource MoneyRates.com today released its annual ranking of the best states to make a living. This year, Wyoming ranks as the best of the best, based on a variety of quantitative factors measuring how favorable - or unfavorable - conditions in each state are for workers.

Income Inequality is Improving, According to MoneyRates.com Study

Foster City, CA - April 3, 2019 - Personal finance resource MoneyRates.com released today a study examining income inequality by state. The research shows that, nationally, income inequality has improved in about two-thirds of the states in the nation.

10 Banks That Don't Gouge Customers for Overdrawn Checking Accounts, According to MoneyRates.com Study

Foster City, CA - Mar. 19, 2019 - Personal finance resource MoneyRates.com, released today its list of best checking accounts to minimize an overdraft fee. The semi-annual study discloses the ten banks in the MoneyRates Index that offer the best combination of terms and fee structure for individuals who want to reduce runaway overdraft charges.

States Paying Highest Federal Taxes are Most Impacted by Cap on SALT Deductions, According to MoneyRates.com Study

Foster City, CA - March 6, 2019 - Personal finance resource MoneyRates.com released today a study examining federal tax contributions by state on a total, per capita, and percentage basis. The research shows that, while taxpayers in all 50 states are subject to the same federal tax laws, huge differences exist in the amount of federal taxes paid by residents of different states. The study also examines which state's residents are likely to be hardest hit by the new cap on state and local tax (SALT) deductions.

Checking Account Fees Highest in Seven Years, According to MoneyRates.com Survey

Foster City, CA – February 26, 2019 – Personal finance resource MoneyRates.com, released its latest semi-annual Checking Account Fee Survey showing that monthly maintenance and ATM fees continued to rise, while overdraft protection fees fell again over the past 6 months. The average annual cost for maintaining a checking account rose to $162.96, the highest level in the survey’s seven-year history.

Settling for Average Rates Costs Bank Customers More than Ever Gap between top and average rates the widest in history of survey

Foster City, CA: January 30, 2019 - The America’s Best Rates analysis released today by personal finance resource MoneyRates.com on the fourth quarter of 2018 found that, while interest rates on savings and money market accounts continued to edge higher, the rate gap between a handful of leading banks and average rates is widening.

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