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Say you invest $10,000 in a one-year CD with a 5.3% APY. At the end of that period, you’d get your principal back plus $530 in interest when the CD matures, …
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Use this calculator to convert an APY to an interest rate and see how the rates differ.
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In today's low interest-rate environment, the difference between the APY and the nominal rate is only a few hundredths of a percentage point. Using Bankrate's tool for …
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