What is an APY?
Quick Answer
APY (Annual Percentage Yield) is the effective annual return on a deposit account, accounting for compound interest. A 5% APY is what your money actually earns in a year — directly comparable across savings accounts and CDs.
Warren Team
Updated November 19, 2025
33
Warren Team
Updated November 19, 2025
33
Important Disclaimer:
The information provided is for educational purposes only and should not be considered as personalized financial advice. Warren is a registered investment advisor. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making investment decisions.
Get Personalized Advice
Schedule a free 15-minute consultation with our fiduciary advisors
Book Free Consultation