However, annual percentage yield (APY) may also be used in reference to a variety of financial products. Because the amount of money you can earn or have to pay is impacted, it's important to ...

CNBC Select breaks down the difference between these two terms and why it matters. APY is the total interest you earn on money in an account over one year, whereas interest rate is simply the ...

If there is a large difference between the rate and APR you’re quoted, that’s a sign the lender’s fees may be expensive. APR varies widely depending on the lender you choose, the amount you ...

Understanding the distinction between ... percentage rate (APR) and interest rate on a mortgage provide benchmarks for you to compare different loans and their costs. The key difference is that ...

Although banks and credit unions have similar offerings, there are some important distinctions between these two types of institutions. Understanding the difference between banks and credit unions ...

What to look for in a CD account How to choose between a high-yield savings account ... whereas the national average APY on traditional savings accounts is just 0.40%. The interest rate that ...

There's a big difference between national average savings rates and the top interest rates available. In part, that's because different types of banks often have very different rates. By contrast ...