If you borrow money, you will usually have to pay back more than you borrow. Steph McGovern explains why both debts and savings keep on getting bigger.

If you have a savings account, you might want to know how much you'll earn in interest for parking your cash there. Fortunately, calculating interest on a savings account is not as tough as you ...

What is APY? This metric allows holders of deposit accounts to accurately understand the amount of interest income that will ...

A simple interest loan doesn’t charge you additional interest on your accrued interest. In other words, the only interest you pay is on the outstanding principal balance of your loan. Auto loans and ...

Albert Einstein supposedly called compound interest the eighth wonder of the world, and once you understand how it works, you’ll see why. This isn’t just feel-good financial advice — it’s the ...

Experts at Carleton acknowledged calculating add-on interest isn’t as prevalent as it once was with finance companies and other lenders using simple-interest calculations more often nowadays. However, ...