Annual Percentage Yield

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:

<?xml version="1.0" encoding="UTF-8" standalone="no"?>
<!DOCTYPE inAPY SYSTEM "inAPY.dtd" >
<inAPY DecAccuracy="4" Compounding="Daily" Statement="Monthly" >
    <Principal>1000.00</Principal>
    <Interest>61.68</Interest>
    <InvestDate>2014-04-16</InvestDate>
    <MaturityDate>2015-04-16</MaturityDate>
</inAPY>

Sample Response

The following is a sample response generated by the sample request above:

<?xml version="1.0" standalone="no" ?>
<!DOCTYPE outAPY SYSTEM "outAPY.dtd">
<outAPY>
    <Results>
        <Description>Successful Calculation</Description>
    </Results>
    <APY Formula="General">6.1680%</APY>
    <Timeline>
        <Compounding Frequency="Daily">1</Compounding>
        <Statements Frequency="Monthly">30</Statements>
        <InvestmentDate>2014-04-16</InvestmentDate>
        <MaturityDate Days="365">2014-04-16</MaturityDate>
    </Timeline>
    <Investment>
        <Principal>1000.00</Principal>
        <Interest>61.68</Interest>
    </Investment>
</outAPY>