annual percentage yield
(APY)
Noun
The annualized nominal rate of interest on savings that is compounded every interest payment period – the AER equivalent of APR, it allowing for the comparison of investments with varying compounding schedules.
The annualized nominal rate of interest on savings that is compounded every interest payment period – the AER equivalent of APR, it allowing for the comparison of investments with varying compounding schedules.
Leave A Comment
You must be logged in to post a comment.