What is the full form of APY?

APY stands for Annual Percentage Yield.

Short Form APY
Full Form Annual Percentage Yield
Category Business ยป Finance
Country Worldwide
Type Initialism

What is APY?

Annual Percentage Yield is a term used in banking to describe the rate of interest that is offered on a loan.

The Annual Percentage Yield on a loan is the total amount of interest that is owed over the course of a year, divided by the amount of the loan. For example, if someone borrows $10,000 with an annual percentage yield of 8%, they will owe $80 in interest each month.