Annual percentage yield (APY) is the effective annual rate of return on an investment. Learn how it accounts for compounding interest and how it differs from APR.

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." ...

A savings account is often the best place to set aside funds for emergencies and short-term financial goals. It provides easy access to your money, and some savings accounts even earn interest rates ...