The Annual percentage yield (APY) reflecting the total amount of interest paid on __:
The Annual percentage yield (APY) reflecting the total amount of interest paid on __: 1. Current Account 2. Saving Account 3. Certificates of Deposits Which among the above is / are correct?
[A]Only 1
[B]Only 2 & 3
[C]Only 3
[D]1, 2 & 3
Only 2 & 3
Annual percentage yield (APY) is a percentage rate reflecting the total amount of interest paid on a deposit account (savings, CDs etc.), based on the interest rate and the effect of interest compounding for one year.
Originally written on
May 18, 2015
and last modified on
May 18, 2015.