The bank discount rate is a calculation of the interest investors earn on short-term instruments such as Treasury bills.

Editor's Note: APYs listed in this article are up-to-date as of the time of publication. They may fluctuate (up or down) as the Fed rate changes. CNBC Select will update as changes are made public.

Most people think of turning to a bank or credit union for a personal loan. But you can bypass the middleman with a peer-to-peer (P2P) loan, which is funded directly by an investor, not a financial ...