
Here’s everything savers need to know about APY
The APY percentage shows how much an account earns per year. Here’s what you need to know.
Marcos Cabello is a banking writer at Bankrate, where he’s dedicated to helping readers make the best decisions about their finances. Currently, Marcos writes about consumer banking, reviewing deposit products like certificates of deposit, savings, checking and money market accounts. Previously, Marcos wrote about money for CNET and NextAdvisor, running the gamut of personal finance topics including U.S. economic policy and cryptocurrency.
If you don’t find Marcos behind his computer screen, you’ll probably find him behind another screen, playing the newest Nintendo Switch title, streaming the latest TV show, reading a book on his Kindle or doing some creative writing.
The APY percentage shows how much an account earns per year. Here’s what you need to know.
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