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What's the difference between APR and APY? What is a "good" rate to get on your APR? What is a "good" rate to get on your APY? Let's answer it! 📗Easily learn all the essentials of stock market investing in a single afternoon: https://www.udemy.com/course/investin... ===== Services Worth Checking Out: 🐿Start investing with Acorns! Now get $20 when you use my invite link: https://www.acorns.com/brendan/ Public Investing: https://bit.ly/Brendan_Public M1 Finance: https://m1.finance/td-bpuTpiT9T 📊Get 2-12 free stocks with WeBull after you make your first deposit! (The best app for getting free stocks. Remember, you MUST link your bank account or you get no free stocks!) https://www.webull.com/k/BrendanEvan 💡Make informed decisions with deep investing tools and research with Seeking Alpha (My subscribers get 20% off plus the first 7 days free!): https://www.sahg6dtr.com/3146C9P/R74QP/ (These are ALL affiliate links) ===== 📺My Other YouTube Channels! Car review channel: / @brendandrives New product review channel: / @dadresearch My new gaming channel where I livestream sometimes: / @brendhandbutter ⏱Handy Timeline: 0:00 Intro 0:12 APR Defined 0:31 Examples of good and bad APR's 1:26 How to get a better APR 2:04 APY 2:32 Good APY rates 5:44 Secret #BrendanEvan Disclaimer: Any financial or investing-related topics discussed on this channel are not from a professional investment advisor and are not financial advice for you. This is for entertainment and inspirational purposes only. My opinions are not reflective of the companies mentioned in the video. Also please know that many of the links I have in video descriptions like this one are affiliate links which means I may be compensated by the company whom you do business with at no extra expense to you. Thank you for your support! Updated Acorns Affiliate disclosure as of 4/9/24: Paid ad. Compensation provides an incentive to positively promote Acorns. The information and opinions presented are for informational purposes only and represent the views of the promoter as of the date created and are subject to change. Investment advisory services offered by Acorns Advisers, LLC, an SEC-registered investment adviser. View important disclosures at https://www.acorns.com/brendan/ and Acorns.com. ^This doesn't mean I was paid to make this video, it means I have an affiliate relationship with the company which allows me to make money by people using my links to sign up for services. I have to put this in every video description that includes the affiliate link. Webull disclosure: “I am not affiliated with Webull. All opinions are completely my own. This is not a recommendation or solicitation to buy or sell securities. Webull Financial LLC, member FINRA, SIPC. More info at webull.com/disclosures.”