annual percentage yield


Definition of annual percentage yield

: a measurement of an account’s interest rate based upon the interest that accrues on the account balance after a period of one year Bankrate, which surveyed 211 banks and credit unions nationwide, found that 58 of the financial institutions offer such accounts with an average annual percentage yield of 3.3 percent. — Jennifer Saranow Schultz,, 1 Apr. 2010 abbreviation APY

Love words?

You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary.

Start your free trial today and get unlimited access to America's largest dictionary, with:

  • More than 250,000 words that aren't in our free dictionary
  • Expanded definitions, etymologies, and usage notes
  • Advanced search features
  • Ad free!

First Known Use of annual percentage yield

1969, in the meaning defined above

Keep scrolling for more

Learn More about annual percentage yield

Time Traveler for annual percentage yield

Time Traveler

The first known use of annual percentage yield was in 1969

See more words from the same year

Statistics for annual percentage yield

Cite this Entry

“Annual percentage yield.” Dictionary, Merriam-Webster, Accessed 5 Aug. 2020.

Comments on annual percentage yield

What made you want to look up annual percentage yield? Please tell us where you read or heard it (including the quote, if possible).


Test Your Vocabulary

July 2020 Words of the Day Quiz

  • papercraft sunset
  • Which is a synonym of mien?
Spell It

Can you spell these 10 commonly misspelled words?

Add Diction

Test Your Knowledge - and learn some interesting things along the way.

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!