Because of this, you may find yourself cheering on climbing interest rates in one context while cursing their ascent in another. Myriam is a personal finance writer based in Brooklyn, New York.

If you've been looking at interest-bearing accounts like high-yield savings accounts or certificates of deposit (CDs), you may see the terms "interest rate" and "annual percentage yield" (APY ...

To calculate the principal and interest, multiply the principal amount by the interest rate and multiply the result by the ...