Why wait an entire month to see your investment returns? We believe in instant gratification, and we’re sure you do too!
At Monefit SmartSaver, we calculate nominal returns DAILY! This means you can watch your money grow right before your eyes every single day. What’s not to love about that?
There are two types of return rates:
Nominal Return Rate: This is how we calculate your accumulated daily return, when compounded this will equal your Annual Percentage Yield (APY).
Annual Percentage Yield (APY): Sometimes, also called the effective annual return rate, your APY shows the total potential growth of your investment over a year.