Annual percentage yield (APY) is the effective annual rate of return on an investment. Learn how it accounts for compounding interest and how it differs from APR.

A savings account is often the best place to set aside funds for emergencies and short-term financial goals. It provides easy access to your money, and some savings accounts even earn interest rates ...

Toni Husbands was a staff writer with CNET Money. She began writing about personal finance to document her experience paying off $107,000 of debt, which is detailed in her book "The Great Debt Dump." ...

Your savings account has a variable interest rate, so your bank can choose to raise or lower that rate at any time. Due to this, the yield you’re currently earning might not be the same as it was last ...