Common use of Annual Percentage Yield Clause in Contracts

Annual Percentage Yield. The APY is the actual interest rate your money will earn if it remains on deposit for a full year and all interest is left in the account. Because your interest earns interest, the APY will be greater than the annual interest rate. Of course, if you withdraw some funds from your account, the APY will be reduced. If the annual interest rate changes, the yield will also change. The APY on your account is set forth in the separate disclosure you received at account opening, and applied only from the date you open the account until the next interest rate change.

Annual Percentage Yield. ‌ The APY is the actual interest rate your money will earn if it remains on deposit for a full year and all interest is left in the account. Because your interest earns interest, the APY will be greater than the annual interest rate. Of course, if you withdraw some funds from your account, the APY will be reduced. If the annual interest rate changes, the yield will also change. The APY on your account is set forth in the separate disclosure you received at account opening, and applied only from the date you open the account until the next interest rate change.

Annual Percentage Yield. The APY is the actual interest rate your money will earn if it remains on deposit for a full year and all interest is left in the account. Because your interest earns interest, the APY will be greater than the thanthe annual interest rate. Of course, if you withdraw some funds from your account, the APY will be reduced. If the annual interest rate changes, the yield will also change. The APY on your account is set forth in the separate disclosure you received at receivedat account opening, and applied only from the date you open the account until the next interest rate change.