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You know APR and APY as the three-letter acronyms hiding in tiny font at the bottom of a credit card application or investment prospectus. But no matter how small the print, it's unlikely that you ...
APY is a popular metric that allows holders of deposit accounts to accurately understand the amount of interest income generated by their account.
In a high-yield savings account or money market account paying 5 percent APY, you’d earn around slightly more than $500in a year. And if you continue to add to your balance, you’ll earn more ...
3. A 5 percent APY money market account is still out there. It’s no wonder that a money market account yielding 5 percent APY is regarded as such an appealing account for savers.
Money market accounts combine the rates of a high-yield account with a debit card and check-writing abilities — though transaction limits mean it’s not best for everyday banking.
CDs have locked-in rates, so you’ll know exactly how much interest your money will earn, and it’s not unusual to find CDs offering at least 5% APY. Generally speaking, credit unions tend to ...
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As the Fed rate rises, so do APYs on savings accounts, CDs and money market accounts — with today’s rates on the best high-yield savings accounts topping 4% APY.