Learn what compound interest is, how it’s calculated—from annual rates to continuous compounding—and why it’s powerful for savings (and dangerous for debt).

If you have a savings account, you might want to know how much you'll earn in interest for parking your cash there. Fortunately, calculating interest on a savings account is not as tough as you ...

Mortgage Research Center. The average rate on a 15-year mortgage refinance is 5.46%. On a 20-year mortgage refinance, the ...

You don’t have to be a math whiz to figure out how much you'll earn with a CD. David McMillin writes about credit cards, mortgages, banking, taxes and travel. Based in Chicago, he writes with one ...

The rate on a 30-year fixed refinance increased to 6.41% today, according to the Mortgage Research Center. Rates averaged ...

The nominal interest rate may be cited in a financial institution advertisement for a loan or deposit. But nominal interest rates provide only rough estimates of how much it costs to borrow money or ...

Factor rates are often used for short-term loans and merchant cash advances but should be converted into APRs to better understand the cost of financing. Many, or all, of the products featured on this ...