APY

American  

[ey-pee-wahy] / ˈeɪˈpiˈwaɪ /

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.

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Etymology

Origin of APY

First recorded in 1970–75

Example Sentences

To grow your money before the holiday rush, consider parking your sinking fund in high-yield savings accounts that often let you earn up to 5% APY.

From Salon

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

From Seattle Times

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

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

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

From Washington Post