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APR vs. APY: Know the difference! Annual Percentage Rate (APR) shows the cost of borrowing, including fees, while Annual Percentage Yield (APY) shows the interest earned on savings, including compounding. Both are crucial for making informed financial decisions. To learn more, visit https://bit.ly/3LA4ydC. | KeyBank
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Do you know the difference between APR and APY? 🧐 Let us know if so! It's one of the more common questions we receive from members: what even is the difference? Natalie from SELCO's Digital member Services team is here to break down the difference. #financialtips #debtrepayment #financialeducation #budget #budgettips #apr #apy #financialwellness #newyearsresolution #loans #creditunion #personalfinance #savingmoney | SELCO Community Credit Union
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