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APY |
Also found in: Financial, Wikipedia | 0.02 sec. |
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There's the stated rate and the annual percentage yield (APY). 447 requires a disclosure of the "effective percentage yield" for accounts with maturities of less than one year, besides the annual percentage yield (APY) that must be disclosed for all accounts. 1 Annual Percentage Yield (APY) is a promotional rate for New Money deposited. |
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