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Annual percentage yield

Financial term

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  • Personal Finance (4)
  • Investing (3)
  • Savings (2)
  • Investment Strategy (1)
  • Interest Rates (1)

🏷️ Keywords

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📖 Key Information

Annual percentage yield (APY) is a normalized representation of an interest rate, based on a compounding period of one year. APY figures allow a reasonable, single-point comparison of different offerings with varying compounding schedules. However, it does not account for the possibility of account fees affecting the net gain.

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