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2:08
financestrategists.com
Annual Percentage Yield (APY) | Definition, Formula, & Example
Annual percentage yield (APY) is the real annual rate of return earned on an investment, often a savings account, which accounts for interest rates compounding on a smaller time frame than annually. Compounding interest on smaller time frames increases the annual interest rate. For example, an investment compounded monthly with a 12% APR will ...
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Jun 3, 2020
Annual percentage yield APY Calculator
Ever feel like you simply don’t have enough time in the day? We get it, that’s why we offer our GO Checking that earns you up to 3.00% APY*, simple online banking to manage your finances anywhere, anytime. Whatever your journey is, we’ll be with you. Federally Insured by NCUA Federally Insured by NCUA. *APY = annual percentage yield | Charter Oak Federal Credit Union
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