Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed various community and nonprofit organizations. She has conducted in-depth research on social and economic issues ...

When you're shopping for a financial product like a savings account or CD, it can feel like you have to learn a new language to make sense of your options. Banks love to toss around terms like "APY" ...

Annual percentage yield (APY) is the rate of return you earn over a year on deposit accounts. APY can be fixed or variable; this means rates may stay the same for a set time or fluctuate. The APY on a ...

APR and APY may sound the same, but they are not created equal Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed various community and nonprofit organizations. She ...

The average savings account annual percentage yield in April 2023 is only 0.39%. This number includes low interest rates from traditional banks as well as higher savings rates from online banks and ...

We might earn a commission if you make a purchase through one of the links. The McClatchy Commerce Content team, which is independent from our newsroom, oversees this content. If you have a savings or ...