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Annual percentage yield

   Also found in: Acronyms, Wikipedia 0.03 sec.
Annual percentage yield (APY)
The effective, or true annual rate of return. The APY is the rate actually earned or paid in one year, taking into account the effect of compounding. The APY is calculated by taking one plus the periodic rate, raising it to the number of periods in a year and then subtracting one. For example, a 1% per month rate has an APY of 12.68% (1.01^12 -1).
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There's the stated rate and the annual percentage yield (APY).
Issue of Interest by QUINN, JANE BRYANT / Los Angeles Business Journal
447 requires a disclosure of the "effective percentage yield" for accounts with maturities of less than one year, besides the annual percentage yield (APY) that must be disclosed for all accounts.
Board of Governors of the Federal Reserve System by Federal Reserve Bulletin
1 Annual Percentage Yield (APY) is a promotional rate for New Money deposited.
America's Kids, Teens, and Parents Save $20 Million in 2006 Through ... by Business Wire
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