Discover how simple interest benefits borrowers in car loans and consumer purchases, and learn why it might not be ideal for investors seeking compounded returns.

This is an excerpt from Dollar Scholar, the Money newsletter where managing editor Julia Glum teaches you the modern money ...

A simple interest loan doesn’t charge you additional interest on your accrued interest. In other words, the only interest you pay is on the outstanding principal balance of your loan. Auto loans and ...

On this week’s Money Matters Monday, we tackle a financial topic that often gets overlooked: Certificates of Deposit, or CDs. A viewer, Jan, sent in a question asking: “If I do a six-month CD at 4.3% ...

See how your savings and investment account balances can grow with the magic of compound interest. Many, or all, of the products featured on this page are from our advertising partners who compensate ...

Allowing your money to grow over time is one of the best ways to build wealth. It's possible to reach $1 million by steadily investing a portion of your income. Most experts recommend saving 15% of ...