Whereas a stated interest rate is fixed, APY factors in the effect of compounding. For example, if you have $10,000 in a savings account that pays an interest rate of 4%, you’ll have more than $10,400 ...

Also, the Director-General of the Lagos Chamber Of Commerce And Industry, Dr Chinyere Almona noted that a rebased CPI provides a “clearer view of the economy” which considering the drop of headline ...

The Reserve Bank (RBNZ) has cut the Official Cash Rate (OCR) to 3.75%, down from 4.25%. After this widely expected move, all ...