Rate comparison tool
APY Calculator
Convert a nominal APR into APY so you can compare accounts or return assumptions that compound on different schedules.
Annual Percentage Yield
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APY includes compounding, so it is usually higher than the stated APR when compounding happens more than once per year.
APR vs APY
APR is the stated annual rate. APY shows the effective annual rate after compounding. Use APY when comparing products with different compounding schedules.
Next steps
Use the compound interest calculator to project balances over time, or read APY vs APR for a plain-English explanation.