Cryptocurrency Q&A
Is APY paid monthly?
Is APY paid monthly?
ZenHarmonious
Wed Nov 20 2024
|
6 answers
1520
I'm wondering if the Annual Percentage Yield (APY) is paid out monthly. I want to know the frequency of the APY payments.
6 answers
Tommaso
Fri Nov 22 2024
APY stands for Annual Percentage Yield.
Was this helpful?
365
95
Elena
Fri Nov 22 2024
It represents the rate of return on an investment over a one-year period.
Was this helpful?
199
76
Martina
Fri Nov 22 2024
This yield takes into account the effects of compound interest.
Was this helpful?
299
30
Nicola
Thu Nov 21 2024
Compound interest is the addition of interest to the principal sum of a deposit or loan, so that interest in the next period is then earned on the principal sum plus previously accumulated interest.
Was this helpful?
205
25
KimonoSerenity
Thu Nov 21 2024
The frequency of compounding can vary, depending on the deposit account.
Was this helpful?
83
59
Load 5 more related questions
