Compound interest refers to the returns that you earn on interest. The impact of it grows significantly over long time periods. Investment vehicles like CDs, high-yield savings accounts and money ...

Depending on the high-yield savings account, you might need to meet certain opening deposit or minimum balance requirements ...

Savings account yields are much higher than a few years ago Top rates may fall if the Federal Reserve cuts interest rates ...

When it comes to building your financial cushion, where you park your money matters almost as much as the amount you put away in your savings account. The problem many savers encounter, though, is ...

Tony Armstrong leads the banking team at NerdWallet. He has covered personal finance for over a decade. Tony began his NerdWallet career as a writer and worked his way up to editor and then to head of ...

On this week’s Money Matters Monday, we tackle a financial topic that often gets overlooked: Certificates of Deposit, or CDs. A viewer, Jan, sent in a question asking: “If I do a six-month CD at 4.3% ...

Saving and investing are great ways to build wealth, and you can build it even faster by selecting saving and investment products that compound your returns. This strategy creates a snowball effect, ...

You’ve heard about it often enough, most likely when choosing a 401(k) investment, but compound interest can multiply your money. The name of the game with compound interest is time, and the more of ...