Let's settle this once and for all (apparently, many people still confuse it).
APR vs APY:
APR: Annual Percentage Rate. A flat yearly interest rate without compounding.
APY: Annual Percentage Yield. Includes compounding interest.
APY > APR
APR vs APY:
APR: Annual Percentage Rate. A flat yearly interest rate without compounding.
APY: Annual Percentage Yield. Includes compounding interest.
APY > APR