Interest calculations start from the moment your account is credited and end when the amount is withdrawn. Accrued interest is computed daily based on your average daily balance.

Yield is the measure of earnings from an investment over a set period of time, expressed as a percentage.

APY, a commonly used acronym for annual percentage yield, is the rate earned on an investment in a year, taking into account the effects of compounding interest. APY is calculated using this formula:

**APY = (1 + r/n )n – 1**

“**r**” is the stated annual interest rate,

“**n**” is the number of compounding periods each year.