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 ...

Greg DePersio has 13+ years of professional experience in sales and SEO and 3+ years as a writer and editor. Simple interest is calculated only on the principal balance of the loan each period.

SoFi Checking and Savings is a combination checking and savings account that earns an APY of 3.30% (variable and subject to change) on the money you keep in the savings portion of the account. To earn ...

Accretion of discount refers to the rise in value of a discounted instrument over time, approaching maturity. Learn how it's ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. If you want the guaranteed returns of ...

Scotiabank’s guaranteed investment certificates (GICs) offer competitive interest rates, flexible terms, and do not charge monthly fees, but may have an early withdrawal penalty. Depending on the type ...