The interest rate your lender gives you isn't the true cost of your mortgage. Learn how to calculate your effective interest rate, including any discount points.

Generally, longer-term loans have higher interest rates. According to Ken Flaherty, senior manager of retail lending for financial data firm Curinos, as of the second quarter of 2025, average home ...

To calculate your effective tax rate, you need two numbers: the total amount you paid in taxes and your taxable income for that year. You can find both numbers on your tax return.

Bank apply interest rates on personal loans to earn income on the funds they disburse to borrowers. The rate is referred to as an Annual Percentage Rate (APR) ...

When dealing with interest-bearing bank accounts, it’s important to understand the difference between annual percentage yield (APY) and interest rate. The two are similar, but they’re not ...

An interest rate is the amount of money — expressed as a percentage, such as 3.5% — that a bank or credit union pays you to use the money you’ve deposited.