apy

Annual percentage yield (APY) is a [URL="http://www.debtconsolidationcare.com/wiki/Normalized"]normalized[/URL] representation of an [URL="http://www.debtconsolidationcare.com/wiki/Interest_rate"]interest rate[/URL], based on a [URL="http://www.debtconsolidationcare.com/wiki/Compound_interest"]compounding[/URL] period of one year. APY figures allow for a reasonable, single-point comparison of different offerings with varying compounding schedules. However, it does not account for the possibility of account fees affecting the net gain. APY generally refers to the rate paid to a depositor by a financial institution, while the analogous [URL="http://www.debtconsolidationcare.com/wiki/Annual_percentage_rate"]annual percentage rate[/URL] (APR) refers to the rate paid to a financial institution by a borrower. ~wikipedia