Learn about per diem interest, how it's calculated, its role in loans like mortgages, and why it's essential for borrowers to understand before closing a loan.

Discover how the monetary conditions index (MCI), which was developed by the Bank of Canada, evaluates economic conditions using interest and exchange rates.

When you compare savings, money market or other interest-bearing accounts, you will see either interest rates or the annual percentage yield (APY) and sometimes both. What’s the difference between the ...

Gold is not only an asset and investment, but also a dependable source of finance during times of urgent need. A loan against gold is one of the quickest ways to raise funds without having to sell ...

If you've been looking at interest-bearing accounts like high-yield savings accounts or certificates of deposit (CDs), you may see the terms "interest rate" and "annual percentage yield" (APY) being ...

Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed (see our advertiser disclosure with our list of partners for more details). However, ...

Aaron Broverman is the Managing Editor of Forbes Advisor Canada. He has almost 20 years of experience writing in the personal finance space for outlets such as Bankrate, Bankrate Canada, ...

The Reserve Bank of India has made a significant 1.25 percent cut in the repo rate this year, bringing it down to 5.25 ...

Announcing its changes to bank regulatory capital requirements on Wednesday, the Reserve Bank was quick to say they would ...

Editor’s Note: This article contains updated information from a previously published story. With the average credit card interest rate hovering near or above 20%, carrying a large credit card balance ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Public and private sector banks in ...

Both federal and private student loans come with interest, which is essentially the cost you pay in return for borrowing money. While student loans can come with other fees, you’ll likely see the ...