Learn / Yields
APY vs APR
APR is the simple yearly rate. APY includes compounding.
Video coming soon
In plain words
APR doesn't count interest earned on interest; APY does. Lending markets usually quote APY for deposits and APR for borrowing, so check which one you're comparing.
Worked example
5% APR compounded daily is about 5.13% APY.
Compare yields in the lab →Examples use sample numbers. Estimates, not advice.