The Federal Reserve's prime rate affects the interest you pay on your credit card. Learn more about the prime interest rate for credit cards in this guide.

If you pay attention to financial news, you may have heard the term “prime rate” and wondered what it meant. You might have even confused it with the federal funds rate or your loan’s ...

The formula for simple interest requires your initial principal balance, annual interest rate, and time in years. Say you put a sum of $800 into a savings vehicle with a 5% annual simple interest ...

The prime rate is a base rate set by Canadian banks to determine the variable interest rates they can charge on lending products, such as mortgages and loans. Many or all of the products featured ...

The reference interest rate for credit in Mozambique will remain unchanged in February, at 19%, after four consecutive monthly cuts, the Mozambican Banking Association (AMB) announced today. The rate, ...

Craig Sebastiano is a personal finance writer based in Toronto. He was previously the managing editor at Ratehub.ca and has written about credit cards, mortgages, banking, investing and investment ...