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 ...

APY is an abbreviation for “annual percentage yield,” which is the percentage that indicates how much interest a bank account, such as a certificate of deposit (CD) or a high-yield savings account, ...

When researching savings accounts, you’ll likely come across two key figures: Annual percentage yield (APY) and interest rate. While they may seem similar, understanding their nuances is important for ...

When you invest in a product, you expect a return above and beyond what you paid for that product. This is APY. What is APY? It stands for annual percentage yield, and it represents the rate of return ...

With close to a decade of writing and editing experience, Maisha specializes in service journalism and has produced work in the lifestyle, financial services, real estate, and culture spaces. She uses ...