The Traderszone Network

Published in TZ Latest News 17 February, 2017 by The TZ Newswire Staff

The Interest Rates: APR, APY And EAR

When most people shop for financial products, all they focus on is the listed interest rate. Human eyes instinctively dismiss the fine print, which usually includes the terms APR (annual percentage rate) and APY (annual percentage yield) – or to use a synonym for the latter, EAR (effective annual rate) – as just arcane trios of letters.