Annual Percentage Yield

Here’s something that’ll surprise you: high-yield savings accounts paying around 5% last summer dropped to 3.4% to 4.2% today. That’s a massive shift in less than a year. The Federal Reserve slashed rates by 1.75 percentage points since September 2025. I’ve spent years comparing financial products, and honestly? Annual percentage yield explained still trips people up more than any other banking term. Even folks who consider themselves financially savvy get confused. Understanding this number changes everything about where you park… Read More »What Is APY: A Complete Guide to Annual Percentage Yield