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APY Calculator
Convert a nominal interest rate (APR) into the effective annual yield (APY) based on compounding frequency.
How to use this tool
- 1Paste or type your input above.
- 2The result updates instantly.
- 3Copy the output with one click.
Frequently asked questions
What's the difference between APR and APY?+
APR is the stated annual rate; APY includes the effect of compounding. A 5% APR compounded monthly is a 5.12% APY β APY is what you actually earn.
Is my data private?+
Yes. The tool runs entirely in your browser β nothing you paste or type is uploaded to a server.
Learn more
- APY Calculator: formula and example
- apy calculator explained
- Common mistakes with apy calculator