"The APY consists of interest earned on interest while the APR uses The straightforward interest strategy," Lonie suggests. "Generally, APY is used for deposit-variety accounts and APR for financial loans or credit cards." Once the CD matures, the new rate you get paid if you choose to roll the https://financefeeds.com/are-intent-based-systems-poised-to-unlock-the-full-potential-of-blockchain/