Compound interest can help turbocharge your savings and investments, or it can quickly lead to an unruly balance, keeping you stuck in a cycle of debt. Its magic can help you earn more — or owe more.

A high-yield savings account can double your money in about 14 to 18 years, thanks to higher interest rates and the power of compound interest. The Rule of 72 makes it easy to estimate your savings ...

Interest can be charged when you borrow money or earned when you save. When you charge something on a credit card or take out a loan from a financial institution (student loan, auto loan, mortgage, ...

The Federal Reserve announced a cut to its benchmark interest rates yesterday, dropping the Fed rate by 25 basis points to a range of 4.50% to 4.75% — the second time its lowered rates since Sept. 18.