APY APY stands for Annual Percentage Yield, which is the actual rate of return per year, including compound interest. The APY is typically the rate you'll see featured for the CD you're considering.

CDs are a low-risk investment option that allows your money to grow at a fixed interest rate over a specific period. If you’re considering opening a certificate of deposit (CD) or already have one, ...

Depositing money into a certificate of deposit (CD) account will require some sacrifice on behalf of the saver. To earn the interest the account offers, savers will need to keep their money untouched ...