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. Select will update as changes are made public. Some ...

Simple interest is paid only on the principal, e.g., a $10,000 investment at 5% yields $500 annually. Compound interest accumulates on both principal and past interest, increasing total returns over ...

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After decades in financial services, I’m convinced the real issue isn’t that most people can’t understand money. It’s that they don’t want to look at it.

Thomas J Catalano is a CFP and Registered Investment Adviser with the state of South Carolina, where he launched his own financial advisory firm in 2018. Thomas' experience gives him expertise in a ...

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 ...