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🔁 APR ↔ APY Converter
APR (Annual Percentage Rate) is the simple yearly rate. APY (Annual Percentage Yield) includes compounding. Daily compounding at 5% APR yields ~5.13% APY. Lenders quote APR (looks lower); savings quote APY (looks higher).
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Examples
Daily
Input
5% APR, dailyOutput
5.127% APYMonthly
Input
6% APR, monthlyOutput
6.168% APYReverse
Input
5% APY → APR (monthly)Output
4.888% APRFrequently asked questions
Why is one larger?
APY ≥ APR. Compounding adds returns on previous returns. More frequent = bigger gap.
Which to compare offers?
Savings: APY. Loans: APR — but watch for fees baked in.
About this calculator
APR ↔ APY Converter runs entirely in your browser using standard formulas. No data is sent to any server. We don't share your inputs with lenders, brokers, or anyone else — there's no funnel and no follow-up email.
Related tools
- 📈 Compound Interest Calculator — Future value with compound interest. Configurable contribution & compounding frequency.
- ➕ Simple Interest Calculator — Interest computed only on the principal (no compounding). For loans and bonds.
- 🏦 CD Calculator — Certificate of Deposit yield calculator. Maturity value + APY.
Why this calculator
vs typical free finance-calculator sites
| RichCalcs | Typical free site | |
|---|---|---|
| Price | Free | Free |
| Signup required | No | Often (for full results) |
| Ads inside the calculator | No | Yes (banner + sidebar) |
| Lead capture (email / phone) | No | Yes — sold to lenders |
| Data sent to server | No (browser-only) | Yes (analytics + tracking) |
| Amortization schedule | Full table | Often summary only |
| Bookmarkable URL per calc | Yes | Mixed |
| Loads in under 1s | Yes (static) | Often slow (ad tracking) |
| Open source | Yes | No |