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What's the difference between Rate and Annual Percentage Yield (APY)?
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KBID
70
Date Created:
9/17/2010
Date Modified:
9/17/2010
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Rate and APY are two different ways to measure the return of your investment. The rate is what you receive on your investment on a daily basis, regardless of the investment term (length of time) or how your interest earnings are reinvested. The APY takes into account how frequently your interest is compounded. The APY provides you with a better basis when comparing your real return on different assets.
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Connection CU values your privacy and will protect your information. We will not sell or share your information with anyone outside of Connection. Registration only requires that you provide a few key pieces of information. When setting up your profile, you will be given the option to opt-out of receiving any promotional information from us via email. We thank you for taking the time to register with us.
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