The interest rate on a mortgage indicates how much interest you’ll pay for the amount you borrow. The annual percentage rate (APR) is the interest rate plus additional fees and any points. Interest ...

APR (annual percentage rate) is the yearly cost of borrowing money. If you borrow $1,000 for a year at a 20% APR, the total to pay back would be $1,200.

The APR, or annual percentage rate, on a personal loan lets you compare apples-to-apples costs across loans and credit products. Learn how to find the cheapest option.

A purchase annual percentage rate (APR) is the interest rate that credit cards charge on new purchases if you don't pay your balance in full first. ... Getty Images/Oscar Wong. Close.

An annual percentage rate, or APR, indicates the amount of interest you pay when you borrow money. It’s basically the opposite of APY, which indicates how much you’ll earn when you save money.

At a first glance, it's easy to confuse the annual percentage rate (APR) on a personal loan with its interest rate. However, APR refers to the annual cost you pay in total, including both the ...

Annual percentage yield (APY) is the rate of return you earn over a year on deposit accounts. APY can be fixed or variable; this means rates may stay the same for a set time or fluctuate.

Typically, APY refers to the rate paid to a depositor, while the annual percentage rate (APR) refers to the rate paid to a borrower. The formula for calculating APY is straightforward: APY = (1 ...

If you've been looking at interest-bearing accounts like high-yield savings accounts or certificates of deposit (CDs), you may see the terms "interest rate" and "annual percentage yield" (APY ...