"The APY involves interest acquired on interest even though the APR takes advantage of the simple interest approach," Lonie states. "Generally, APY is utilized for deposit-form accounts and APR for financial loans or credit playing cards." Consumers will still manage to use their present Variation with the Maiar App, https://financefeeds.com/emir-refit-comes-into-effect-in-the-uk-on-september-30th/