Rate comparison tool
Effective Annual Rate Calculator
Calculate the effective annual rate from a nominal APR and compounding frequency. EAR helps compare rates on the same annual basis.
Effective annual rate
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EAR converts a nominal rate and compounding schedule into one annualized figure.
EAR formula
EAR = (1 + nominal rate / compounds per year) ^ compounds per year - 1
Related pages
For a consumer-friendly version, use the APY calculator. For balance projections, use the compound interest calculator.