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1:20
capitalone.com
APR vs. APY: What’s the Difference? | Capital One
APR and APY are different ways of calculating interest on loans, savings or investments. Read more about APR vs. APY.
Mar 21, 2024
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Confused about interest rates? APY (Annual Percentage Yield) is what you earn on savings or investments and includes compounding, so higher is better. APR (Annual Percentage Rate) is what you pay to borrow money, like with a loan or credit card, and includes fees—so lower is better. Compare APY for saving and APR for borrowing! https://www.onlinebanktours.com/m/article.php?b=1688&id=79977 #teamFBC #FirstBankChicago #memberFDIC #EqualHousingLender | First Bank Chicago
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