APR: Annual percentage rate, this is your interest rate stated as a yearly rate.

APY: APY: Annual percentage yield, this is the return that can be realized on your savings annually. The APY expresses the effect of compounded interest for a full year.

Compounded Interest: it means the capitalization of interest. Currently, the INLOCK platform is not capitalizing accrued interest on loans with a maximum of 180 days, therefore our clients are not charged with any hidden surcharge of interest over time.
In the case of using the Savings Account, interest income accumulated by the customers is credited each week, which enables the collected interest to continue to bear interest from week to week!