Aaron Broverman is the Managing Editor of Forbes Advisor Canada. He has almost 20 years of experience writing in the personal finance space for outlets such as Bankrate, Bankrate Canada, ...

A variable-rate mortgage has an interest rate that is not fixed for the full mortgage term. It can either have an annual rate update or an initial fixed rate before switching to a variable rate.

When you apply for a bank account or financing, the interest rate you receive can give you a sense of how much you'll earn in returns — or pay to borrow money. However, not all interest rates work the ...

College borrowers must choose between variable and fixed rates when selecting a private student loan. We asked the top lenders how many actually select variable rates.