APY Calculator
Convert APR into APY (effective annual rate) to compare products fairly.
Annual Percentage Yield (APY)
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APY reflects compounding. It will be slightly higher than APR when compounding is more frequent.
APR vs APY
APR is the stated annual rate. APY (effective annual rate) includes compounding. If you’re comparing accounts or investments with different compounding schedules, APY is the fair comparison.
Want to model deposits and growth over time? Try the compound interest calculator.