Annual Percentage Yield (APY), Glossary and Terms, Depository Institutions & Credit Unions

U.S Depository Institutions List of United States Depository Institutions, Credit Unions, Guide Service

"Annual Percentage Yield (APY)" - Depository Glossary Terms and Abbreviations

A percentage reflecting the total amount of interest paid on an account. Based on a yearly dividend compounding method, the APY helps provide you with an apples-to-apples comparison when considering investments that may differ in the way interest is compounded or the length of time funds must be deposited in an account.

Depository glossary and terms by letter

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