Annual Percentage Yield

What is APY?

Annual percentage yield (APY) is a tool for evaluating how much a deposit earns you. Why would you look at an account’s APY? Because it is a standardized way of comparing investments (APR is the standard way of comparing loans). Your job as a consumer is to put your money where it will get the highest APY.


Learn the advantages, disadvantages, risks, questions to ask before investing, and much more...

For the rest of the article and full site access, please subscribe now.