Daily One Banking Term ( 02 Sep 2017 )

✔️ Annual Percentage Rate (APR)
=============
▪️ The cost of credit on a yearly basis, expressed as a
percentage.

✔️ Annual Percentage Yield (APY)
========
▪️ A percentage rate reflecting the total amount of interest paid on a deposit account based on the interest rate and the frequency of compounding for a 365-day year.

▬▬▬▬▬⚜️۩۞۩⚜️▬▬▬▬▬
Join @DailyGKZone