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Personal · Accounts · Flexible Accounts · Flexible Account interest rates

What does APY mean, when referring to Flexible Accounts?

APY stands for Annual Percentage Yield, which represents how much interest you'd earn on an amount of money held in an investment (like Money Market Funds through Flexible Accounts) for an entire year if the APY would remain constant (which in practice does not, it changes daily) and after deducting fees.

The APY allows you to compare the returns of different investments.