APY meaning in Banking ?

Answer: What is Annual Percentage Yield mean?

Annual percentage yield (APY) is a normalized representation of an interest rate, based on a compounding period of one year. APY figures allow a reasonable, single-point comparison of different offerings with varying compounding schedules. However, it does not account for the possibility of account fees affecting the net gain. APY generally refers to the rate paid to a depositor by a financial institution, while the analogous annual percentage rate (APR) refers to the rate paid to a financial institution by a borrower.

To promote financial products that do not involve debt, banks and other firms will often quote the APY (as opposed to the APR because the APY represents the customer receiving a higher return at the end of the term). For example, a CD that has a 4.65% APR, compounded monthly, would instead be quoted as a 4.75% APY.

reference

Full Form	Category
Alto Parnaiba	Airport Code
Annual Percentage Yield	Banking
APY.Finance	Cryptocurrency
अटल पेंशन योजना	Governmental
Aṉangu Pitjantjatjara Yankunytjatjara	Regional