Financial

APR to APY Calculator

Convert a nominal APR into effective annual yield.

Nominal rate / APR (%)

Compounding

Effective annual yield (APY)

5.1162%

Method

How it works

APY = (1 + APR/n)ⁿ − 1

APY (Annual Percentage Yield) is the true annual return once compounding is factored in. Use it — not APR — to compare deposit accounts.

FAQ

Are APY and APR ever equal?

Only when compounding is annual. Any more frequent compounding makes APY > APR.

Estimate monthly mortgage payments, total interest, and amortization.

Compute monthly payments for any fixed-rate loan.

Monthly payments for a car loan including tax, trade-in, and down payment.

Project growth of your investments over time with regular contributions.