Discover how daily interest accrual impacts loans and investments, offering benefits for investors and challenges for ...

Discover how money market interest rates are set, why they can offer higher returns than savings accounts, and what factors ...

The savings portion of SoFi’s combination checking and savings account offers up to 3.30% APY (variable and subject to change). To earn that rate, you'll need to do one of the following: 1. Enroll in ...

Tony Armstrong leads the banking team at NerdWallet. He has covered personal finance for over a decade. Tony began his NerdWallet career as a writer and worked his way up to editor and then to head of ...

A high-yield savings account can double your money in about 14 to 18 years, thanks to higher interest rates and the power of compound interest. The Rule of 72 makes it easy to estimate your savings ...

High-yield savings accounts earn around 10 times the national average APY. Thanks to compound interest, your interest earns interest. Earn a great return without losing easy access to your cash. If ...

The biggest financial prank might be the one traditional banks play on customers — paying an average of 0.41% APY while high-yield accounts offer returns of up to 4.40% APY. This April Fool's, turn ...

Yesterday's inflation reading showed that consumer prices rose 0.2% in April with the annual rate easing to 2.3% from 2.4% in March. Meanwhile, today's top high-yield accounts deliver returns of up to ...

Looking for the security and interest-earning power of a savings account with the perks of a checking account? A money market account (MMA) may be the right choice for you. In many cases, MMAs come ...

CDs are a low-risk investment option that allows your money to grow at a fixed interest rate over a specific period. If you’re considering opening a certificate of deposit (CD) or already have one, ...