Steven Nickolas is a freelance writer and has 10+ years of experience working as a consultant to retail and institutional investors. Amy is an ACA and the CEO and founder of OnPoint Learning, a ...

Reviewed by Erika Rasure Fact checked by Vikki Velasquez Multiple economic factors influence interest rates. Three types of interest rates, including real, nominal, and effective affect consumers' ...

Discover how the monetary conditions index (MCI), which was developed by the Bank of Canada, evaluates economic conditions using interest and exchange rates.

When you compare savings, money market or other interest-bearing accounts, you will see either interest rates or the annual percentage yield (APY) and sometimes both. What’s the difference between the ...