APY
Speech parts
1. APY - Noun
2. APY - Proper noun
Meaning
APY (plural APYs)
(banking) Initialism of annual percentage yield.
APY
Abbreviation of Anangu Pitjantjatjara Yankunytjatjara.; A local government area of Far North, South Australia, Australia; an Aboriginal Australian governing area
Synonyms: APY Lands, Anangu Pitjantjatjara Yankunytjatjara
Examples
Even the lower end of that APY isn’t too shabby.
Both banks offer savings accounts with some of the highest APY rates in the direct bank industry — CIT with its 1% return beats Ally (at 0.99%) by a hair, but is CIT worth that extra 0.01%?
For starters, the account’s standard rate lands at a low 0.01% APY.
Given its competitive APY and financial standing, it proves to be a solid option for most, especially when it's compared with the more established traditional brick-and-mortar banks.
In other words, the incorporation of both a high APY and no monthly maintenance fees fails to appear with any other bank that includes free checks in this study.
Its checking and savings rates start with the low APY of 0.01%.