APY Calculator
Free online APY Calculator.
Calculator
How to Use
- Enter the required values
- Click Calculate to see the result
- Review the detailed output
Formula
APY = (1 + r/n)^n - 1, where r = nominal annual rate, n = compounding periods per year. Monthly compounding at 5%: APY = (1 + 0.05/12)^12 - 1 = 5.12%.
Example Calculations
Monthly Compounding
Input: APR: 5%, compounded monthly
Result: APY: 5.12%
Daily Compounding
Input: APR: 4.5%, compounded daily
Result: APY: 4.60%
Compare Rates
Input: Bank A: 4.8% monthly vs Bank B: 4.75% daily
Result: A: APY 4.91%, B: APY 4.86%. Bank A wins.
About This Calculator
Free online apy calculator. Calculate instantly in your browser with our easy-to-use tool. No sign-up required.
Our apy calculator is free, easy to use, and provides instant results. All calculations are performed in your browser for privacy and speed.
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Frequently Asked Questions
What is APY?
Annual Percentage Yield: real return including compounding. Always >= nominal rate.
APY vs APR?
APR is simple rate without compounding. APY includes compounding. Savings: APY shows actual earnings.
Calculate APY?
APY = (1 + r/n)^n - 1. 5% monthly: (1 + 0.05/12)^12 - 1 = 5.12%.
Compounding frequency impact?
Small but grows over time. Gap widens with higher rates and longer periods.
Good savings APY?
High-yield: 4-5% APY. Traditional banks: 0.01-0.10%. Compare fees and minimums.