Interest rates play a huge role in your financial life, affecting everything from your savings account to your loans and credit cards. Whether you’re borrowing or saving, understanding how interest rates work can help you make smarter financial decisions and avoid costly mistakes.
This resource from Britannica offers a clear explanation of how interest rates function, including how they’re set and how they can benefit you. It’s a helpful guide for anyone looking to better understand the role of interest in their financial journey.
