Fixed rate and variable rate-also referred to as an adjustable rate-are the two means by which interest can be figured on a monetary loan. If you are seeking a loan, you may be given the option to ...

Unlike a fixed interest rate, which remains constant, a variable interest rate can change over time. Most credit cards have variable interest rates tied to the U.S. prime rate or a similar benchmark.

Saving money is a critical part of financial planning, and finding the right savings account is just as important. One of the things to consider when choosing a savings account is how interest is ...

Whether you’re applying for a government-backed loan or a conventional mortgage, you’ll likely have the choice between a fixed or variable interest rate. Although a fixed rate is typically safer since ...

Fixed-Rate and Variable-Rate Certificates of Deposit (CDs) stand out as two widely sought-after forms of time deposit provided by banks, each presenting distinct advantages to investors. A Fixed-Rate ...

Aaron Broverman is the Managing Editor of Forbes Advisor Canada. He has almost 20 years of experience writing in the personal finance space for outlets such as Bankrate, Bankrate Canada, ...

With a fixed-rate mortgage, your interest rate and payments won’t change during your mortgage term. But they might if you opt for a variable-rate mortgage. Many or all of the products on this page are ...

For many people, taking out student loans is a necessary part of getting the education they need to succeed in life. Whether it's for undergraduate studies or a specialized graduate degree, borrowing ...

Fixed rate electric plans offer convenience, protection and predictability. Variable-rate plans offer flexibility and the potential of savings. Here's how to know which is better for you. Stephen J.

Important Disclosure: The content provided does not consider your particular circumstances and does not constitute personal advice. Some of the products promoted are from our affiliate partners from ...

A varible-rate agreement, as distinguished from a fixed-rate agreement, calls for an interest rate that may fluctuate over the life of the loan. The rate is often tied to an index that reflects ...