apy

  1. A

    Calculating Money Market Accounts APY and Interest Rates?

    I am new to learning about money market accounts and am looking at different banks with different rates. I need help understanding the annual percentage yield. Does that mean every year the money is in the account you get a percent of what is in the account? So say I deposit on 02/16/2012 on...
  2. G

    APY, interest on savings account?

    If a savings account offers .10% APY on a $1,000 deposit for one year, does that mean it offers that interest once every year annually ($1.00 interest) or daily? $1.00 interest just doesn't seem like a lot to me.Help please?
  3. B

    How do you calculate the money you make from of bank interest based on APY?

    I know that there is some sort of equation for this but I forgot what it was and thought the savings one might be different from a money market one.
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