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.
Discover how annual percentage yield (APY) impacts your CD investments and learn to compare rates for maximizing returns, with tips on calculating and understanding APY.
An annual percentage yield, or APY, is the rate of return on money in a bank account. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you ...
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' ...
Toni Husbands was a staff writer with CNET Money. She began writing about personal finance to document her experience paying off $107,000 of debt, which is detailed in her book "The Great Debt Dump." ...
You may notice if you’re shopping for a savings account that banks advertise both an interest rate and an annual percentage rate, or APY. While an account’s interest rate can give you a basic idea of ...
When you're shopping for a financial product like a savings account or CD, it can feel like you have to learn a new language to make sense of your options. Banks love to toss around terms like "APY" ...
The ABCs of successful money management include an understanding of APY, or annual percentage yield, an acronym you’ll see advertised by banks on their savings products. Long story short: The higher ...