APY

[ ey-pee-wahy ]

noun

, Finance, Banking.

1. annual percentage yield: the annual rate of interest that a savings account or investment will return to the person who owns it, including any compound interest. Compare APR ( def ).

Word History and Origins

Origin of APY¹

First recorded in 1970–75

Example Sentences

But that’s impossible to predict, so this calculation assumes a flat 4.8% APY for the entire 18-month period.

From Seattle Times

That rate definitely beats the pitifully low national average, which is 0.24 percent APY, according to Bankrate’s April 26 weekly survey.

From Washington Post

Ted Rossman, senior industry analyst for Bankrate and CreditCards.com, said that “Apple’s 4.15 percent APY isn’t at the very top of the table, but it’s close.”

From Washington Post

Recently, those deals have been between $3 million and $5 million APY.

From Washington Post

For a time, the ceiling for defensive tackles was Aaron Donald’s deal, which has a $22.5 million APY.

From Washington Post