# Questions tagged [apy]

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### Does the annual percentage yield (APY) take into account the expense ratio? [duplicate]

For example, the APY of SPAXX (Fidelity® Government Money Market Fund) is currently 1.84 for the past year whereas the expense ratio is 0.42%. Does that mean that the pre-tax yield is 1.84% or 1.84%-...
47 views

### Why does a short-term certificate of deposit (CD) have a significantly smaller annual percentage yield (APY) than a saving accounts in some banks? [duplicate]

I see on Ally Financial's website that a 3-month certificate of deposit (CD) has an annual percentage yield (APY) of 0.75% whereas the saving account has an APY of 1.60%. This surprises me because I ...
37 views

### Finding the price of an item years earlier from compound interest, simple interest, or APY

Is there a way to use the compound interest formula, simple interest, or APY to find the price of something years earlier if the price of it was increasing by a certain percentage annually?
336 views

### Help me understand and calculate credit union interest in Google Sheets

I have opened a savings account at a credit union and deposited \$100. Every month my account tells me I've received \$0.02 in interest, and that my deposit dividend is 0.250% and my APY earned is 0.23%...
75 views

### Need help figuring out what yearly interest would be?

Even referencing several articles, I can't seem to figure this out; the dividend rate for a savings for instance with \$1,000 says it would be 0.10%, compounded quarterly, to me. That means: 1st ...
718 views

### Does a savings account's advertised “APY” account for compound interest?

From what I've read, typically "APY" typically refers to the effective interest rate of an account (or loan) over the year, while accounting for compounding effects -- for instance, https://www.ally....
3k views

### “Simple interest rate of 0.10%” corresponds to “APY of 2.54%-5.00%”… how?

This checking account says Balances above \$5,000 earn a simple interest rate of 0.10%, with a corresponding APY of 2.54%-5.00% APY. I don't understand how a simple interest rate that is a fixed ...
893 views

### How does the APY get applied on a CD that is less than one year?

I know that for interest rates you calculate the monthly rate by dividing by 12 (or similarly for any period by the number of periods/year). But if I have a 3 month CD that has a 0.4% APY, does that ...
627 views

### Interest Rate vs. Annual Percentage Yield (APY) [duplicate]

I'm curious as to what the difference between the Interest Rate and Annual Percentage Yield is. For example: This Bank I was looking at offers 0.45% interest rate on savings account balances over \$...