What is the full form of APY?
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 on Jun 10, 2022
APY stands for Annual Percentage Yield.
Short Form  APY 
Full Form  Annual Percentage Yield 
Category  Business » Finance 
Country  Worldwide 
Popularity 

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.