Keyword Analysis & Research: apy

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What is Apy and how is it calculated?

Annual percentage yield (APY) The effective, or true annual rate of return. The APY is the rate actually earned or paid in one year, taking into account the effect of compounding. The APY is calculated by taking one plus the periodic rate, raising it to the number of periods in a year and then subtracting one.

What is the purpose of APY?

The Annual Percentage Yield (APY) is a financial tool used to ascertain how much a deposit earns. It is a standardized way of comparing investments. Consumers want their money to be working at its best for them, and this means putting it where it will receive the best APY.

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