It Pays To Know The Difference Between APR and APY

June 2, 2017 Mike 0

Tweet APR is annual percentage rate. APY is annual percentage yield. So what’s the difference? Both have formulas based on legislation. The Truth in Lending Act dictates how an APR is calculated, while the Truth in Savings Act describes how […]

Discover Bank Increases Their Rates

June 2, 2017 Mike 0

Discover Bank High Yield Savings Accounts now have an interest rate equal to their 12 month CD and surpassing ALL of their money market accounts – even the money market accounts that have a balance in excess of $100,000. You’d