How does the annual percentage yield (APY) help a person decide whether to put his money in Bank A or Bank B if both are offering 24- month CDs at 4.25% interest? O O The APY will tell the person which bank has earned the highest profits in the past year. 5 points The APY is able to determine whether the earnings on the CD will keep ahead of the rate of inflation. If Bank A has a higher credit rating than Bank B, Bank A will have a higher APY. The APY will show the actual interest rate earned as opposed to the stated rate after the frequency of compounding is taken into effect.