This three-letter acronym is a super important concept for upping your money management game: APY. It stands for annual percentage yield, and grasping why it matters and how it grows your wealth is ...

APY, or Annual Percentage Yield, is an important term to understand if you want to maximize your money’s growth potential. It measures the interest earned on a financial product or account over one ...

We might earn a commission if you make a purchase through one of the links. The McClatchy Commerce Content team, which is independent from our newsroom, oversees this content. If you have a savings or ...