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What Is APY?
Formula
APY (Annual Percentage Yield) reflects the real rate of return on savings by accounting for compound interest.
APY is always equal to or higher than the nominal rate because it includes the effect of compounding.
Common use cases:
- Comparing savings accounts
- Understanding CD returns
- Evaluating high-yield accounts
Frequently Asked Questions
Maria Gonzalez
Registered Dietitian, RD, MPH
Maria is a Registered Dietitian with a Master's in Public Health. She focuses on evidence-based nutrition assessment tools including BMI, calorie calculations, and body composition analysis.
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