apy

Interest rates are sometimes reflected by APR (Annual Percentage Rate) and sometimes reflected by APY (Annual Percentage Yield). Knowing the difference between APR and APY will help you make better financial decisions. …

In applications or advertisements for credit cards, you've most likely seen interest rates shown as the Annual Percentage Rate (APR) and Annual Percentage Yield (APY). The difference between the two rates is that APR doesn't take the…