What’s the Difference Between APR and APY? | Credit Intel by American Express

The difference between APR and APY: https://www.americanexpress.com/en-us...
More financial tips: https://www.americanexpress.com/en-us...

• When comparing interest rate offers, it’s important to know the exact meaning of the different rates you are assessing.
• Knowing the difference between annual percentage rate (APR) and annual percentage yield (APY) can be critical to choosing the best interest rate.
• The usefulness of each kind of rate can depend on whether you’re borrowing or investing.

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What’s the Difference Between APR and APY? | Credit Intel by American Express
   • What’s the Difference Between APR and...