CNBC Select defines compound interest, how it works and ways to take advantage of it if you're looking for a new credit card or somewhere to stash your cash.

The definition of compound interest In simple terms, the compound interest definition is the interest you earn on interest.

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The Reserve Bank of New Zealand (RBNZ) board members decided to maintain the Official Cash Rate (OCR) at 3.25% following the conclusion of the July policy meeting on Wednesday.

"There remain two-sided risks to inflation." "Interest rates remain on a gradual downward path." "In recent months, the evidence that slack is opening up has strengthened, especially in the labour ...

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Present value is the amount of money needed to generate a specific return. Future value is the balance an account will accrue over time.

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