What is the difference between APR and APY ?
APR (Annual Percentage Rate) is the annualised gross interest rate.
The APY (Annual Percentage Yield) is the annualised gross interest rate, including interest, at a defined interval.
APR (Annual Percentage Rate) is the annualised gross interest rate.
The APY (Annual Percentage Yield) is the annualised gross interest rate, including interest, at a defined interval.