APR vs APY: Why Your Bank Hopes You Can't Tell the Difference

Learn the difference between annual percentage rate and annual percentage yield, how to calculate them, and why your bank hopes that you can't tell the difference. ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Investopedia Daily | The Latest APR vs APY: Why Your Bank Hopes You Can't Tell the Difference Learn the difference between annual percentage rate and annual percentage yield, how to calculate them, and why your bank hopes that you can't tell the difference. Read More » You may also be interested in: AstraZeneca Explores Merger With COVID-Drug Developer Gilead: Report The merger of AstraZeneca and Gilead Sciences would be the biggest pharma deal in history if it goes through. Read More » SPONSORED BY FIDELITY INVESTMENTS When Others Step Back, Fidelity Steps Up Attracting the next generation of talented associates is a top priority for the Fidelity leadership team. Here's what they're doing to navigate the current crisis. Learn More » 401(k) Plans Can Now Invest in Private Equity Funds Recent guidance issued by the Department of Labor (DOL) provides legal protection to companies that include private equity as part of target-date funds and other investments. Read More » Mastering Short-Term Trading The goal of any trading strategy is keeping losses at a minimum and profits at a maximum, and this is no different for short-term trading. Read More » What You Need to Know About Your 2020 Taxes Although some deductions and other filing details remained unchanged, certain deductions and income allowances will inch up for 2020. Read More » Paycheck Protection Program (PPP): What Is It and How to Apply Understanding this new CARES Act small business loan program, including what's available, how the process works, and what you need to do to apply. Read More » Saving for Retirement When You Don't Have a Regular Job Even if you don't have a 9-to-5 job—or any paid job—there are a number of good options for investing toward your retirement. Read More » CONNECT WITH INVESTOPEDIA Email sent to: mondemand.forex@blogger.com To update your newsletter preferences or unsubscribe, click here. 114 West 41st St, floor 8 New York NY 10036 © 2020, Investopedia, LLC, All Rights Reserved | Privacy Policy