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    What is the difference between APY and 7-day yield?

    Sorry for this elementary question but I am trying to understand where to keep my emergency cash parked. My Empower Personal cash account is offering a 4.7% APY, while Vanguard money market (VMFXX) offers 5.25% 7-day SEC yield. From reading online, it appears that APY and 7-day SEC yield are...
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