APY Calculation

The APY Calculation provides an independent verification for the Federal Truth in Savings Act's Annual Percentage Yield on a deposit instrument. By supplying key pieces of data, the SCE will pass back an exhaustive analysis of the APY for the deposit in question.

Sample Request

The following is a sample SCE request for an Apy calculation:

{
  "Module": "Apy",
  "Data": {
    "Compounding": "Daily",
    "Decimals": "4",
    "Statement": "Monthly",
    "Principal": "1000.00",
    "Interest": "61.68",
    "InvestDate": "2014-04-16",
    "MaturityDate": "2015-04-16"
  }
}

Sample Response

The following example is the response returned from the SCE for the request provided at the beginning of the previous section.

{
  "Result": 200,
  "Module": "Apy",
  "Data": {
    "Errors": [],
    "Warnings": [],
    "Apy": "6.1680%",
    "Formula": "General",
    "CompoundingFreq": "Daily",
    "CompoundingDays": "1",
    "StatementFreq": "Monthly",
    "StatementDays": "30",
    "InvestDate": "2014-04-16",
    "MaturityDate": "2015-04-16",
    "DaysToMaturity": "365",
    "Principal": "1000.00",
    "Interest": "61.68"
  }
}