What does annual interest mean?

The annual interest rate represents the effective annual interest rate and indicates the interest yield for a full year, assuming that the monthly paid interest remains in the account and is included in future calculations.

What is Tide Instant Saver?
Is there a minimum deposit requirement?
Who provides the Tide Instant Saver Account and is my money safe?
What does Gross Interest Rate mean?
Will I lose the interest on any money that I withdraw before the end of the month?
How is my interest calculated?
What are the interest rates for Tide Instant Saver and can the interest rate change?
How do I transfer money into my Tide Instant Saver?
How can I withdraw money from my Tide Instant Saver account?
How can I open a TIS account (Tide Tagesgeldkonto)
Can I have a monthly statement for my Tide Instant saver account?