What does apy interest rate mean
APY reflects how much interest you will earn on a deposit with compound interest over the period of one year. When you are comparing deposit accounts, you can annual percentage yield (APY). Standardized method for quoting compounded interest earned on a deposit account or investment. In computing APY, it is much interest you can earn on a Certificate of Deposit (CD). Just enter a few pieces of information and we will calculate your annual percentage yield (APY)