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APY
Explanation:
APY (Annual Percentage Yield) is the profit (i.e. yield) you earn on a deposit over the duration of a year. APYs provide a standardized way for consumers to compare investment accounts and bank accounts. .
APY is much more useful than an interest rate because it not only takes into account the interest rate, but also compounding. Compounding is the frequency at which interest is earned. APY shows how much you are really making off your investment.