Text Callout : Key Takeaways - APY vs. Interest Rate: What's the Difference? The APY and the interest rate are two key figures to know when storing money in a savings account or other interest-earning ...

Learn what the stated annual interest rate is and how to calculate it without compounding, plus how it compares to the effective annual rate.

Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed (see our advertiser disclosure with our list of partners for more details). However, ...

The APY and the interest rate are two key figures to know when storing money in a savings account or other interest-earning bank account. Both are expressed as percentages, but an account’s APY gives ...