APY, or Annual Percentage Yield, is an important term to understand if you want to maximize your money’s growth potential. It measures the interest earned on a financial product or account over one ...

The APY and the interest rate are two key figures to know when storing money in a savings account or other interest-earning bank account. Both are expressed as percentages, but an account’s APY gives ...

The best high-yield savings accounts continue to offer up to 5.00% APY -- for now. Grab one while you can before rates slide.

The terms “APY” and “interest rate” are often used interchangeably when people discuss savings and investments, but there’s a very important distinction between the two. While it’s important to ...