Mortgage
World Time
Compound Interest
Internet

APY to APR Converter

APY %
Compounding Periods/year

Convert given APY to APY for a given number of compounding periods per year.
  • APR (Annual Percentage Rate) -- Rate of return without considering compound interest.
  • APY (Annual Percentage Yield) -- Rate for the period after applying compound interest.
  • Compounding Periods -- 12 for monthly compounding, 4 for quarterly, 2 for semi-annually, etc.

Example 1: A loan with 5.11% APY, compounded monthly implies, 5.0% APR.
Example 2: A bank CD with 6% APY, compounded monthly (12 periods), yields a 5.84% APR; compounded every 3 months (4 periods/year), 5.87%.

Ad photo used under Creative Commons from poeloq