This three-letter acronym is a super important concept for upping your money management game: APY. It stands for annual percentage yield, and grasping why it matters and how it grows your wealth is ...

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 ...

The terms “APY” and “interest rate” are often used interchangeably when people discuss savings and investments, but there’s a very important distinction between the two. While it’s important to ...

APR vs. interest rate: What's the difference? If you’re applying for a mortgage, these are two financial terms you need to understand. APR stands for "annual percentage rate," or the amount of ...

APR represents the yearly interest rate on a loan or investment, excluding the effects of compounding. It includes fees and other costs associated with the transaction, offering a more complete view ...

NerdWallet's list of the best savings accounts feature options with great customer service, higher-than-average interest rates and low or no fees.