Cryptocurrency Q&A
What is APY in trading?
What is APY in trading?
Filippo
Mon Nov 18 2024
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6 answers
1133
I'm trying to understand trading terms and came across APY. What does it stand for in the context of trading and how is it calculated? I want to know how it affects my investments.
6 answers
LitecoinLodestar
Wed Nov 20 2024
APY stands for "annual percentage yield."
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Bianca
Wed Nov 20 2024
It represents the interest earned by depositing money into an account.
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Filippo
Wed Nov 20 2024
This interest is calculated annually.
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WhisperVoyager
Wed Nov 20 2024
Almost all savings accounts offer an APY.
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Daniele
Tue Nov 19 2024
Some checking accounts also provide this feature.
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