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 money changes hands in the financial world, interest usually applies. When you take out a loan, you’ll typically pay your lender interest as you pay back the amount you borrowed. But if you’re ...

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

The Federal Reserve announced its first rate cut of the year, bringing its key interest rate down to a range of 4% to 4.25%.

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.

The Federal Reserve took the widely expected step Wednesday of announcing its first interest rate cut in years, a move that will have a major impact on the finances of Americans across the board, ...

Fed Chair Powell described the reduction as “a risk-management cut” against the growing downside risks to employment. But with inflation still above the Fed’s 2% target – typically justification to ...

Stephen Miran, who joined the central bank last week, said he believed rates should be around 2.5 percent, or about two ...