Discover how basis points simplify financial changes and eliminate ambiguity in percentage rates. Learn their impact on interest rates, bond yields, and more.

Toni Husbands was a staff writer with CNET Money. She began writing about personal finance to document her experience paying off $107,000 of debt, which is detailed in her book "The Great Debt Dump." ...

James Chen, CMT is an expert trader, investment adviser, and global market strategist. Andy Smith is a Certified Financial Planner (CFP®), licensed realtor and educator with over 35 years of diverse ...

A high-yield savings account offers an annual percentage yield (APY) significantly higher than a traditional savings account. For example, high-yield rates are currently averaging around 3% to 4%, ...

Your savings account has a variable interest rate, so your bank can choose to raise or lower that rate at any time. Due to this, the yield you’re currently earning might not be the same as it was last ...