How much your savings actually grow in a year, including the effect of compounding. Higher means your money is working harder.
APR's friendly twin. APR is what you pay to borrow; APY is what you earn to save.
At current rates a high-yield account around 4 to 5% APY versus a big-bank 0.01% is real money you’re otherwise sleeping on every month. Rates move, so check the live number.
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