A high-yield savings account can help you earn the most.

When you're shopping for a financial product like a savings account or CD, it can feel like you have to learn a new language to make sense of your options. Banks love to toss around terms like "APY" ...

Have you ever thought about sticking with the same traditional savings account just because it felt easier than switching? That convenience could cost you hundreds in compound interest that you could ...

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 best CD rates today still offer up to 5.11% APY even after the Fed cut rates. Consider acting now before the next rate ...

A money market account is a savings tool that combines competitive interest rates with greater flexibility than traditional savings accounts. Money market accounts (MMAs) provide additional access to ...

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 ...

High-yield savings accounts can reduce the impact of inflation on your savings. When comparing high-yield savings accounts, consider fees, features and benefits in addition to annual percentage yield ...

Today's high-yield savings accounts offer some of the best rates that savers have seen in a long time. But there are a few high-yield savings accounts beginning to cross a new threshold: 5% APY or ...

When you invest in a product, you expect a return above and beyond what you paid for that product. This is APY. What is APY? It stands for annual percentage yield, and it represents the rate of return ...

The effective, or true annual rate of return. The APY is the rate actually earned or paid in one year, taking into account the effect of compounding. The APY is calculated by taking one plus the ...