Interest is one of the ways lenders make their money, and it’s what makes it worth it for them to give out loans. If you’re borrowing money, interest is the cost the bank charges you for the service.

Taylor Medine is a staff writer at Forbes Advisor who demystifies complex money topics to help everyday people make more informed financial decisions. Over her nearly a decade of experience, Taylor's ...

The highest money market account rate available today is 4.22% Changes from the Fed or your bank can quickly change money ...

The Employees Provident Fund Organisation (EPFO) has recommended an 8.25% interest rate for the financial year 2024-25. This is the same interest rate announced for the previous financial year, FY ...

With inflation showing recent upticks and interest rates remaining elevated, borrowers are facing higher loan costs and stretched household budgets. Federal Reserve rate cuts in the coming months may ...