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.
This three-letter acronym is a super important concept for upping your money management game: APY. It stands for annual percentage yield, and grasping why it matters and how it grows your wealth is ...