
What is APY?
One of the more basic terms that you should understand when it comes to your money and banking is APY, as it is a significant term in understanding how your money grows. In this blog, you’ll find a quick overview of this term. Read on! In a nutshell: APY= Annual Percentage Yield.Annual percentage yield is the number that tells you how much you’ll earn with compound interest over the course of one year. A higher APY is generally better when you’re looking at