What is an APY?

APY stands for Annual Percentage Yield. It shows the total return you can earn on your funds in a year, including the effect of compounding interest. For example, if you earn a 5% APY, your earnings will grow faster because the interest is reinvested over time. In your Moneda Earnings Account, the APY reflects your potential returns based on market conditions. Interest on your deposit is:

1. Dynamic: It changes based on Moneda Earning Account’s variable interest rates.
2. Auto-Compounded: Earnings are added to your balance continuously, meaning you earn interest on both your initial deposit and previously accrued interest. For example, if the APY is 5% and your balance grows to $1.010, your future earnings will be calculated on $1.010, not just the initial deposit.