The First Bank of Lending lists the following APR for loans. Determine the APY, or effective interest rate, for a loan amount that is $$100,000$ or more. Express your answer as a percentage rounded to the nearest hundredth of a percent, if necessary.

$\backslash$table$[[$First Bank of Lending Loan APR$],[$Loan Amount,APR$*],[$$$20,000,14\mathrm{.}25\%$