Just talk to us about your goals. We'll help you find the right account. We offer three locations for ATM's in the Bowling Green and Troy area. APY is Annual Percentage Yield. APY was developed to help consumers compare deposit accounts.
Different terms mean different APY's.
The different way interest is compounded affects the effective yield on the deposit. Therefore, APY is there to help compare how much the account will effectively yield. PMI is Private Mortgage Insurance. PMI covers the bank against loss should a borrower default on their home loan. Loans with PMI include an insurance premium that is added to the monthly payment.