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lily 12-15-2009 12:27 PM

What is APY?
What does APY mean? How does it work? Is it something good or bad for your online account? If you have any information that could be helpful share it please.

shah_vikas 12-22-2014 10:55 AM

Google says
Annual percentage yield (APY) is a normalized representation of an interest rate, based on a compounding period of one year. APY figures allow for a reasonable, single-point comparison of different offerings with varying compounding schedules.

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