The bank discount rate is a calculation of the interest investors earn on short-term instruments such as Treasury bills.

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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 ...

Experts at Carleton acknowledged calculating add-on interest isn’t as prevalent as it once was with finance companies and other lenders using simple-interest calculations more often nowadays. However, ...