For investors or savers, interest comes in the form of an annual percentage yield (APY). For example, a bank will pay you ...

meaning the interest is not automatically reinvested. Expressed as a percentage of the face value of the bond, it is known as a coupon payment. For example, a $1,000 bond with a 6% coupon ...

There are also personal factors that can determine interest rates on banking products. For example, if you're getting a mortgage, your credit score and the amount of your down payment are a few ...

However, in certain cases, interest may be taxed at the state level. For example, a California resident who buys a New York municipal bond would pay California income tax on that interest.