Rates & Loans

APY (Annual Percentage Yield)

The yearly return on savings, including the effect of compounding, expressed as a percentage.

What does apy mean?

APY folds compounding into the stated interest rate, so it’s always equal to or higher than the nominal rate. It’s the best figure for comparing savings accounts and CDs, because it reflects what you actually earn over a year.

Put it to use

Compound Savings Calculator Find out how consistent investments over a number of years can be an effective strategy to accumulate wealth. Certificate of Deposit Calculator Use this calculator to find out how much interest you can earn on a Certificate of Deposit (CD).

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