What is APY? This metric allows holders of deposit accounts to accurately understand the amount of interest income that will be generated by their account.

Savings account rates have been slipping since the Federal Reserve lowered interest rates in September. Annual percentage yields (APYs) of 4.00% or more are vanishing. Yet one savings account recently ...

Savers are starting October on solid ground. Many high-yield savings accounts (HYSAs) are paying between 4.00% and 5.00% APY -- well above the small returns most big banks continue to offer. The ...