Annual percentage yield (APY) is the effective annual rate of return on an investment. Learn how it accounts for compounding interest and how it differs from APR.
The APY and the interest rate are two key figures to know when storing money in a savings account or other interest-earning bank account. Both are expressed as percentages, but an account' ...
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What Is APY and How Does It Work?
Ever wonder how much your money really earns just by sitting in the bank? That’s where annual percentage yield (APY) comes in. APY shows how much interest your money can earn in a year — and the ...
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