<prompt> Human: So Im just starting an emergency fund in an ally savings account. Starting at 1000 with 50 added every two weeks. The apy is 1.35 and it has daily compounding interest. I have a few questions.What is compounding interest?If I just left 1000 in there without touching it, what would the total be with and without compounding interest?How would I calculate it it if I were to add different amounts to it? For instance, if I did 50 one paycheck, 60 more in two weeks, and maybe a little 200 bonus another day?Complete answers would be appreciated. Thank you guys!  <response>: APY is an annualized yield that already accounts for the daily compounding. If you deposit 100, youll have 101.35 in one year not counting taxes. 