Some accounts pay out APY month-to-month, whereas others use completely different payout durations, similar to every day or quarterly. Whereas payout frequency issues by way of if you obtain that additional money and the way your steadiness can compound, the accrual charge additionally issues. A every day accrual charge, for instance, signifies that for those who deposit cash from a sale on the fifth of the month, you will nonetheless have the remaining 26 days or so (relying on the month) to earn curiosity on that increased steadiness.