On this week’s Money Matters Monday, we tackle a financial topic that often gets overlooked: Certificates of Deposit, or CDs. A viewer, Jan, sent in a question asking: “If I do a six-month CD at 4.3% ...
You may notice if you’re shopping for a savings account that banks advertise both an interest rate and an annual percentage rate, or APY. While an account’s interest rate can give you a basic idea of ...
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This three-letter acronym is a super important concept for upping your money management game: APY. It stands for annual percentage yield, and grasping why it matters and how it grows your wealth is ...