Multiple economic factors influence interest rates. Three types of interest rates, including real, nominal, and effective affect consumers' borrowing and investment choices. The nominal interest rate ...

While everyone might have a different definition of what makes an interest rate unreasonable, there's a personal finance rule of thumb that can help you prioritize which type of debt to target first.

Interest might be compounded daily, monthly or quarterly. The APY and the interest rate are two key figures to know when storing money in a savings account or other interest-earning bank account.

Savers can still snag interest rates above 4.25%. The average national interest rate for savings is 0.42%. Interest rates for savings accounts will continue to drop through the beginning of 2025.