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A LITTLE SOMETHING WORTH KNOWING

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Everyday LifeOne small ahaFinancial concept

These percentage rates express interest charged on borrowing or paid on savings over a stated period.

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Everyday LifeOne small aha
Your new ahaInterest Rates

An interest rate needs a time period, such as a year, to make its meaning clear. Source: Interest rate ↗

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More from Money Sense

A few more worth knowing.

  1. 02This kind of interest earns interest on earlier interest.RECALL
    Compound InterestOpen this card ↗
  2. 03This numerical rating uses information from a person's borrowing record to help estimate credit risk.RECALL
    Credit ScoreOpen this card ↗
  3. 04This practice plans income and expenses for a future period, then compares actual spending with that plan.RECALL