Annual percentage yield (APY) is the effective annual rate of return on an investment. Learn how it accounts for compounding interest and how it differs from APR.

Ever wonder how much your money really earns just by sitting in the bank? That’s where annual percentage yield (APY) comes in. APY shows how much interest your money can earn in a year — and the ...

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Kailey Hagen has been writing about small businesses and finance for almost 10 years. Articles she's written for The Motley Fool have been syndicated to USA Today, MSN, and Yahoo! Finance. She ...