Explore the contrast between APR and APY. Gain a clear understanding of these terms, their definitions, and the crucial distinctions between them.

Trump's new tariffs could shake up interest rates, but banks might not pass the benefits to savers. Learn how to protect your ...

some offer 6% APY if you don't mind the limitations. Banks offering 6% interest often have caps so you can only earn that high yield on a portion of your balance, meaning your savings' growth is ...