APR to APY Calculator
Convert a nominal annual rate into the effective annual yield once compounding is taken into account. Enter nominal apr and compounding periods per…
8 of 8 free uses remaining today
Convert a nominal annual rate into the effective annual yield once compounding is taken into account. Enter nominal apr and compounding periods per year to see apy when you calculate.
General information only, not financial advice. Results are estimates; fees, tax and future rate changes may affect outcomes.
Worked example
Example calculated from the starting values. Enter your own values and press Calculate to get your result.
With the default inputs (nominal APR = %12, compounding periods per year = 12), the results are: APY 12.683 %.
Quick reference: nominal apr vs result
Reference table based on the example values; it is not your calculation result.
| Nominal APR (%) | APY |
|---|---|
| 6 | 6.168 % |
| 12 | 12.683 % |
| 24 | 26.824 % |
| 60 | 79.586 % |
| 120 | 213.843 % |
| 240 | 791.610 % |
Frequently asked questions
What formula does this calculator use?
APY = (pow(1+apr ÷ 100 ÷ n,n)-1) × 100. Variables: apr = nominal apr in %, n = compounding periods per year.
What do I need to enter?
You need nominal apr (%), compounding periods per year. Results update as you type.
What is an example result?
With the default inputs (nominal APR = %12, compounding periods per year = 12), the results are: APY 12.683 %.
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