APY Calculator
Calculate the effective annual percentage yield (APY) for your savings or investments.
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How to Calculate APY Accurately
To calculate APY, use the formula: APY = (1 + r/n)n – 1, where r is the annual interest rate and n is the number of compounding periods per year. Our calculator does this for you instantly.
- 1Enter Interest RateInput the nominal annual interest rate.
- 2Select Compounding FrequencyChoose how often interest is compounded.
- 3(Optional) Add Deposit & TimeSee your total return and interest earned.
APY vs Interest Rate: What's the Difference?
The interest rate is the stated rate, but APY includes the effect of compounding, giving you a more accurate measure of your true return.
- Interest RateThe stated rate, not including compounding.
- APYIncludes compounding for a true annual yield.
- ComparisonAPY is better for comparing savings and investments.
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