APY is an abbreviation for “annual percentage yield,” which is the percentage that indicates how much interest a bank account, such as a certificate of deposit (CD) or a high-yield savings account, ...

CIT’s Platinum Savings account pays 3.75% APY on balances of $5,000 or more. If your balance dips below $5,000, it earns a paltry 0.25% APY. If you tend to carry high balances — at least $5,000 — this ...

High interest rates are rarely good news for consumers. The cost of living goes up, prices for goods and services rise and the purchasing power of the dollar declines. However, there is one way you ...

One of the best ways to take advantage of current high savings rates is with a certificate of deposit (CD). Not only do these deposit accounts carry fixed interest rates, which allow you to lock in ...

While average interest rates on savings accounts are abysmally low at 0.41%, according to recent data from the FDIC, there many savings accounts that offer far higher rates. You just have to do a ...

Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed various community and nonprofit organizations. She has conducted in-depth research on social and economic issues ...

Pennsylvania-based Horizon Federal Credit Union offers a checking account that earns an 8% annual percentage yield (APY) — a number boosting it past most high-yield savings accounts, let alone other ...

Matt Webber is an experienced personal finance writer, researcher, and editor. He has published widely on personal finance, marketing, and the impact of technology on contemporary arts and culture.

What is APR in general? According to the Consumer Financial Protection Bureau (CFPB), the APR or annual percentage rate is the amount paid to borrow money. It’s also known as a credit card interest ...

The dividend rate is the percentage of interest paid to investors on their investments, typically in savings accounts or dividends from stocks, while APY (Annual Percentage Yield) reflects the total ...

Editor's Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC Select will update as changes are made public.