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APY = (1+ period rate)# of period - 1

Where period rate = APR / # of compounding periods in a year

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Q: What is the formula to find an APY?
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Related questions

What is the APR and APY for Wells Fargo Checking?

There are various checking options, all with different fees and APY. They will also differ by state. Check wellsfargo.com or call your local branch to find current APY.


What is the equation used to figure what the interest rate of return is in a CD for example?

1) Given the CD investment: 20,000 2) Given the 15 months return of: 21,095.20 What formula can I use to find the APY ?? PG.


Where can you find a few of the best money market rates available?

Currently, here are some of the top highest rates for money market accounts: Capital One (1.10% APY); Ally (1.04% APY); Discover (1.15% APY); and Flagstar Direct (1.11% APY). Some of these may have minimum deposit and/or minimum balance requirements. Also keep in mind that bank rates can and do change often.


What bank gives their patrons the highest CD rate?

That depends on your term length. At a term length of 12 months the best APY I can find is Nexity at 1.31%. At 5 years Affinity gives 2.50% APY with a minimum of $500.


How you will contribute in APY after your return to Armenia?

You can visit the embassy in Armenia if you want to contribute in APY after your return to Armenia.


Where might one find top money market rates?

Ally Bank, Capital One, and EverBank offer some of the highest-yielding money market account options (between .75%-.86% APY). SmartyPig is a similar type of account, allowing users to earn 1% APY.


What is the current cd interest rate?

Your actual interest rate will depend on the amount of your deposit and the length of time you choose to keep it deposited. Bankrate.com is a great source for finding current CD rates from multiple banks. You'll find current rates run from .50% APY to 2.20 APY.


What does APY lands stand for?

Anangu Pitjantjatjara Yankunytjatjara (APY) is a large Aboriginal local government area located in the remote north west of South Australia.


where do I find a bank or credit union that offers 4.00+ apy on cd's I live in Grand Blanc, Mi. ?

With the economic downturn, it doesn't appear that there are 4.00%+ APY CDs currently available. However, you can search for them, both locally and nationally by using http://www.bankrate.com/cd.aspx. This way, when there is a recovery you can jump on the CDs very early.


Is it possible to get a high yielding CD at a bank nowadays?

These are the current prices for the CD at banks right now. A 1-year CD st1.27% APY ($1000 min. balance). A 3-year CD at 2.00% APY ($500 min. balance). And a 5-year CD at2.75% APY ($500 min. balance).


Why would one want an APY calculator?

By using an APY calculator, one can determine their interest earnings alongside the duration of months that the funds will continue to be invested. These calculators can be found on My Bank Tracker.


How you will contribute after your return?

Your contribution after you return will depend with the information that APY will provide you.