Inflation jumped to 3.8% in April 2026 while most big-bank savings accounts pay just 0.01% APY. See exactly how much that gap costs you each year -- and how to close it.

Matt Webber is an experienced personal finance writer, researcher, and editor. He has published widely on personal finance, marketing, and the impact of technology on contemporary arts and culture.

What is APY? Simply put, annual percentage yield (APY) is the amount of interest earned on a savings account in one year. It takes into account compounding interest — when both your principal balance ...

Use our calculator to see if a savings APY boost beats other accounts after the promotion period ends. Some savings accounts advertise a temporarily boosted annual percentage yield (APY). That boost ...

Interest rates were left unchanged after March’s Fed meeting, but cuts could still be ahead. Due to the conflict in Iran and other economic factors, Sam Taube, NerdWallet’s lead investing writer, says ...

Annual Percentage Rate (APR) and Annual Percentage Yield (APY) are commonly used terms in the world of personal finance. Both are expressed as annual rates, with APR typically measuring the costs of ...

Savers are still seeing some of the best returns in years. Many high-yield savings accounts (HYSAs) are paying between 4.00% and 5.00% APY -- well above what big banks are offering. But that momentum ...

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March’s Fed meeting left interest rates unchanged, but “a cut is expected sometime this year,” says Sam Taube, lead investing writer at NerdWallet, noting that “it may very well happen in June or even ...