Popular Direct 12-month CD: 5.50% APY. Popular Direct also offers a 5.50% APY 12-month CD. This account does have a much higher minimum deposit requirement, at $10,000, but there are no monthly fees.

The DCU Primary Savings offers a standout 6.17% APY, but only up to $1,000 — meaning savers could earn nearly $62 annually. The fallback interest rate is then between 6.17% to 0.15% APY for ...

APY vs. interest rate. While interest rate and APY sound similar, there's a slight difference between them. The interest rate is the percentage of your savings account balance you'll earn in ...

What is APY? Annual Percentage Yield, or APY, is an important factor in how much your savings could earn in a year. Kiplinger. Save up to 74%. Subscribe to Kiplinger.

The national average APY for savings accounts is 0.41% as of April 21, 2025, per the FDIC, compared to 0.62% for a money market account and 1.77% for a 12-month CD. But since those are averages ...

APY is the total interest you earn on money in an account over one year, whereas interest rate is simply the percentage of interest you'd earn on a savings account, investment or loan.

For example, a $10,000 deposit in a five-year CD with 1.50% APY would earn around $770 in interest, while the same deposit in a five-year CD with 0.01% APY would earn only $5. What Does 5% APY Mean?

APR and APY may sound the same, but they are not created equal Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed various community and nonprofit organizations ...

There are two interest rates posted with nearly every interest-bearing instrument: interest rate and annual percentage yield (APY). APY is the most important to you as an investor. Here’s why.

Annual percentage yield (APY) is the percentage of interest you’ll earn, including compound interest, over the course of a year. You’ll see this term advertised with deposit accounts such as ...

APY stands for annual percentage yield, which provides a full picture of how much interest you can earn on savings over one year. APY includes compound interest, or "interest on interest ...