Learn the key difference between APR and APY, including how each affects loans, investments, and interest calculations.

What Is the Difference Between APY and Interest Rate? How the interest is applied to your account determines the key difference between the interest rate and the APY. The interest rate is the ...

How the interest is applied to your account determines the key difference between the interest rate and the APY. The interest rate is the percentage of interest applied to your balance during a ...