The Fed’s decision on interest rates affects many types of consumer borrowing costs, from credit cards and mortgages to auto loans.

In an unusual visit to the Federal Reserve, President Donald Trump once again said that interest rate cuts were needed and firing Chair Jerome Powell wasn't "necessary."

Calculating simple interest requires knowing your principal amount, annual interest rate, and time period. Simple interest is better than compound interest when you're borrowing money.

Choosing the right interest rate structure can have a lasting impact on your financial strategy. Whether you''re financing an education, refinancing a loan, or making a major purchase, understanding the difference between fixed and variable interest rates is essential.

Current interest rates on undergraduate federal student loans made through June 30 are 6.53%. Starting July 1, the interest rates will be 6.39%.

How a Fixed-Rate Certificate of Deposit Works Role of Interest Rates. Upon purchasing a CD, the bank pays interest based on the amount deposited and the tenure of the CD. The rate remains ...

Tariffs don't directly cause interest rates to rise, but they might be part of the recipe. Learn if rates will go up, and what you can do to protect yourself.

And it slightly changed the definition of what a "good" CD interest rate is now, in 2025. That doesn't mean these accounts aren't still a smart way to grow your money, though, especially before ...

Savers struggle to keep up with inflation. Let’s say you park $1,000 in a savings account at an interest rate of 0.61%, which is today's national average, according to Bankrate.. Over the next ...