Annual percentage yield (APY) is the effective annual rate of return on an investment. Learn how it accounts for compounding interest and how it differs from APR.

Yields for 48-month certificates of deposit terms are down 9 basis points on average in the past year to just 1.26% APY, according to the latest government data. But some banks and credit unions are ...

Why we chose it: Axos ONE offers the highest APY of those on this list, and there’s no minimum requirement to receive the highest advertised rate. Axos doesn’t charge monthly fees or penalties for ...

High-yield savings accounts continue offering substantial returns with rates of up to 4.35% APY — significantly outperforming traditional savings accounts that average just 0.41%. This rate advantage ...