Learn what compound interest is, how it’s calculated—from annual rates to continuous compounding—and why it’s powerful for savings (and dangerous for debt).

Interest can be charged when you borrow or earned when you save. When you charge something on a credit card or take out a loan from a financial institution (student loan, auto loan, mortgage, etc.), ...

When you apply for a bank account or financing, the interest rate you receive can give you a sense of how much you’ll earn in returns — or pay to borrow money. However, not all interest rates work the ...

Experts believe the Federal Reserve will cut interest rates. News 6 speaks with an expert on what this could mean for your ...

Rate cuts would carry benefits for many consumers -- but not all, experts said. A Federal Reserve announcement rallied all three major stock indexes to one-year highs on Wednesday -- and the ...

Matt Richardson is the senior managing editor for the Managing Your Money section for CBSNews.com. He writes and edits content about personal finance ranging from savings to investing to insurance.

For some homeowners, refinancing could be the right move now, but waiting it out could also come with a big payoff.

Mortgage Research Center. For 15-year fixed refinance mortgages, the average rate is 5.23%, and for 20-year mortgages, the ...

The Federal Reserve is expected to cut interest rates by at least a quarter percent this week. What will that mean for gold ...

The Federal Reserve will hold its next two-day policy meeting on Sept. 16 and 17. The Fed has yet to cut interest rates in 2025, but a deteriorating jobs market could force its hand next week. Further ...