Annual Percentage Yield (APY)

Annual Percentage Yield (APY)

(APY) short for annual percentage yield is a type of savings account that offers guaranteed interest rates. The APY changes with time and fluctuates according to the current interest rates. You can deposit bitcoins or other kinds of cryptocurrencies, and receive an interest rate like you would in any kind of savings account. This is a technique to track how interest in something accumulates over time.


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