APY can make a huge difference in the outcome of your savings. You want to make sure your money is working for you, and even a few fractions of a percent can mean the difference in meeting your savings goals.
Using an APY calculator is a great way to figure out exactly which bank account or high-interest savings option is best for you. Just add your projected savings to see the total difference in value between APY rates over time.
To learn all about how to use an APY calculator and what this acronym can mean for your future, read the Q & A below.