Set Preferences | Locations | Help Center | Contact Us
Quick Access
Bank/ATM Locations
Become a Hillcrest Customer
800-681-1776

FAQs
Hillcrest Bank » Help Center » Help Center
What is the difference between interest rate and Annual Percentage Yield (APY)?
The Annual Percentage Yield (APY) is a financial term used to ascertain how much a deposit earns you. An APY is a standardized way of comparing investments. As a consumer, you want your money to be working at its best for you, and this mean putting it where it will receive the best APY.

The APY is the yield your deposit will earn over the term of a year based on the interest rate. APY is notable because it takes compounding into account. In very simple terms, compounding means making earnings on your earnings. This means that the quoted APY is telling you how much you’re really making on your money.
Was this information helpful?
YesNo
Search Help Center
TOP 5 F.A.Q.
What accounts can I open online?
What are your CD rates?
What is the difference between interest rate and Annual Percentage Yield (APY)?
What can I do with online banking?
How do CD's work?
MORE QUESTIONS? Call
(800) 681-1776

The Hillcrest Difference | Press Room | Careers | Help Center | Privacy

CUSTOMER INFORMATION CENTER: (800) 681-1776 | In Kansas City, (913) 324-6400
Unauthorized access or use of this web site is not permitted and constitutes a crime
punishable by law (18 USC 1030).