Interest Rate is a simple rate for calculating interest. Annual Percentage Yield (APY) is a compounded annual rate, the result of interest rolling on top of interest. For example, if the interest on a savings account is added monthly onto the principal and the interest is recalculated every month based on the new balance, then its APY will be greater than its simple interest rate. If the interest is not compounded, i.e.

The stated interest rate refers to the percentage of return that you will receive on your investment. APY refers to Annual Percentage Yield. If you re-invest the interest earned, you will begin to earn interest on your interest. This is called compounding interest. Therefore the APY, that which you are actually earning on your initial investment, is higher than the stated interest rate if you choose to re-invest your interest. See similar questions...

The A.P.Y. Earned is required for periodic statement disclosures (See Section 230.6). The calculation methods for the A.P.Y. earned were amended by the Fed on March 19, 1993 for certain types of accounts with periodic statements. The A.P.Y. is used for advertising, account disclosures and other accounts. See similar questions...

A statement of credit (new terminology; previously referred to as a certificate, the terminology was changed to avoid confusion with certificate programs or certification) is the document of evidence of completion a pharmacist obtains after participating in a continuing education activity. See similar questions...

The APR rate for a CD is the percentage of interest the customer will earn if the interest paid is out of the CD. The APY is the percentage of interest the customer will earn if they allow the interest to stay in the CD. See similar questions...

APY is Annual Percentage Yield. APY was developed to help consumers compare deposit accounts. Different terms have different APY’s. The different way interest is compounded affects the effective yield on the deposit. Therefore, APY helps to compare how much the account will effectively yield. See similar questions...

The basic formulas in Regulation DD use annual compounding. The intent is to provide a uniform measurement system to report the interest earned, as a percentage, to depositors. As shown in the above question, a one-year deposit with no compounding will result in an interest rate equal to the A.P.Y. (In this case, the interest is actually compounded once, at the end of the year.) If the term of the transaction is longer than one year, the interest is compounded only once, at the end of the term. See similar questions...

These instruments are issued by scheduled commercial banks excluding regional rural banks. These are unsecured, negotiable, promissory notes having maturity of 91 days to one year. See similar questions...

The interest rate is the rate at which you repay the mortgage loan. It determines the principal and interest component of your monthly mortgage payment. The APR is the actual cost of borrowing in the form of an annual percentage rate. It includes the interest rate, points, mortgage insurance, and other finance charges associated with the loan. Because of these charges, the APR is often higher than the interest rate. See similar questions...

A while statement checks at the beginning of a loop to see whether the next loop iteration should occur. A do statement checks at the end of a loop to see whether the next iteration of a loop should occur. The do statement will always execute the body of a loop at least once. See similar questions...

After you have submitted the Evaluation Form, a screen containing your Certificate of Completion/Statement of Credit will open. Just download it or print it out for your records. You can return to your Certificate of Completion anytime by clicking the Go to Course next to the course that you completed. See similar questions...

The Annual Percentage Yield (APY) is the interest rate earned on your investments expressed as an annualized rate. You can calculate how much your investments will earn based on the APY with our Financial Calculators. See similar questions...

Divorce records are generally in two parts: DIVORCE RECORDS & DIVORCE DECREES and are available through the Alaska Court System only. DIVORCE CERTIFICATES are available through the Bureau of Vital Statistics. DIVORCE RECORD: A divorce record is all of the pages filed in a divorce. In some divorce settlements the records can be several pages long. DIVORCE DECREE: A divorce decree is a ruling that summarizes the rights and responsibilities of the divorced parties. See similar questions...

Do you have a savings goal in mind? Use one of our calculators to determine how long it will take to reach your goal. For more information on Personal Finance Options, click here to send us your questions, or contact us at 1-800-946-4178. Home | Contact Us | Careers | Branch Locator | Site Map | FAQs | Privacy Statement | Legal Information See similar questions...

No. There are no fees associated with opening a Certificate of Deposit. In fact, the incoming wire fee is waived for individuals who wish to have our fastest processing to open their new accounts. See similar questions...

If you request a New Account Form by phone, you will receive the same documents that are available on our website. See similar questions...

Yes. As with most banks, fees may be charged for servicing your account. Please refer to the Deposit Product Rules and Regulations for full fee disclosures, which can be obtained by downloading the New Account Form or by calling (302) 656-SAVE. See similar questions...

The rate of interest we must pay on your security deposit is determined by the City in which your apartment is located. For Evanston, the rate of interest due on security deposits had been permanently fixed at 5%. In 2002, the City Council approved an ordinance that will cause the Evanston rate to mirror the rate determined by the Chicago Department of Consumer Services. This new rate is effective beginning October 1, 2002. See similar questions...