I have seen such a difference between APR and APY. FNBO said 6.00 APY and their APR was 5.84. I think that is a far cry from 6.00. Maybe that was used because it was only effective for a few months.
Anyways, I would rather know the APR because that works out with my math. I want to know how they are going to compute this monthly not yearly. Of course, the APY will be moe if I leave it in; It just doesn't sound honest to me.
BA, I hope that when you rule, that you get rid of the APY as well. Ha Ha! While you're there maybe you can work on our tax structure as well.
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