how often does the apple savings ccount interest accrue
How often does apple savings accounts interest accrue? Is it Monthly like most?
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No, APY means Annual Percentage Yield. Please review the two illustrations I’ve posted below. The illustrations assume no deposits other than initial $10,000 deposit. Interest is compounded daily and paid monthly, as illustrated in second illustration. Each period is on month. You’ll earn approximately $415.37 after 1 year. Deposits are FDIC insured and interest rates are not guaranteed.