Understand the differences between the prime rate and discount rate, how each affects borrowing costs, consumer loans, and the role of the Federal Reserve.

When you compare savings, money market or other interest-bearing accounts, you will see either interest rates or the annual percentage yield (APY) and sometimes both. What’s the difference between the ...

The APY and the interest rate are two key figures to know when storing money in a savings account or other interest-earning bank account. Both are expressed as percentages, but an account’s APY gives ...

Homebuyers shopping for a mortgage usually look for the lowest interest rate. But another number -- the annual percentage rate, or APR -- is just as important when trying to determine how much house ...

Buying a house is a big deal. The terms, interest rate and the type of loan you choose have a lasting impact on your payments. When shopping for a home loan, you’ll come across two basic types of ...

The dividend rate is the percentage of interest paid to investors on their investments, typically in savings accounts or dividends from stocks, while APY (Annual Percentage Yield) reflects the total ...

Here’s the difference between these three widely-used banking terms Image source: Getty Images. When you’re shopping for a mortgage, comparing credit card offers, or opening a savings account, you’re ...

With a fixed-rate mortgage, the rate literally remains fixed: It carries the same interest rate and monthly payment for the entire life of the loan. But an adjustable-rate mortgage (ARM) has an ...

The interest rate on a mortgage indicates how much interest you’ll pay for the amount you borrow. The annual percentage rate (APR) is the interest rate plus additional fees and any points. When ...