To break it down, APY is the interest you earn on money stored in a savings account, while APR is the interest charged that you owe when you borrow money from the bank. It’s important to know the ...

APY stands for Annual Percentage Yield — which is an estimate of how much interest your savings will earn in a year. Unlike a ...

Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. Vikki Velasquez is a researcher and writer who has managed, ...

Jake Safane has nearly 15 years of journalism and marketing experience on topics ranging from local entrepreneurship to international banking. He has written for publications such as The Economist, LA ...