APY calculator
Enter the stated rate and the compounding. See the APY.
APY and APR
APR is the stated yearly rate. APY is what you actually earn in a year once compounding is counted: APY = (1 + APR / n)^n - 1. At 5% APR, monthly compounding gives an APY of 5.12%, and daily compounding gives 5.13%.
| APR | Annual | Quarterly | Monthly | Daily |
|---|---|---|---|---|
| 1% | 1.000% | 1.004% | 1.005% | 1.005% |
| 2% | 2.000% | 2.015% | 2.018% | 2.020% |
| 3% | 3.000% | 3.034% | 3.042% | 3.045% |
| 4% | 4.000% | 4.060% | 4.074% | 4.081% |
| 5% | 5.000% | 5.095% | 5.116% | 5.127% |
| 6% | 6.000% | 6.136% | 6.168% | 6.183% |
Comparing accounts
Compare accounts by APY, since it already includes compounding. Also look at fees, minimums and whether the rate can change. To see the dollar effect over time, use the savings calculator.
Questions people ask
How do I calculate APY?
APY = (1 + rate / n)^n - 1, with n as the number of compounding periods a year.
Is APY higher than APR?
Yes, whenever interest compounds more than once a year, by a small amount.
Which is better, APY or APR?
For savings, compare APY. For loans, compare APR, which includes some fees.