How to use this calculator
- Enter the APY shown by a bank or investment account.
- Select the compounding frequency.
- Calculate the nominal APR.
- Use APR and APY together when comparing products.
#133 · Finance Tool
APY to APR Calculator
Convert APY back into a nominal APR for a selected compounding frequency.
Calculator
APY conversion inputs%
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What the result means
Convert APY back into a nominal APR for a selected compounding frequency. The result is an estimate for planning and comparison. It does not replace professional financial advice.
FAQ
Why convert APY to APR?
This calculator estimates the result from the values you enter. Adjust the assumptions to compare scenarios before making decisions.
Why is APR lower than APY?
This calculator estimates the result from the values you enter. Adjust the assumptions to compare scenarios before making decisions.
Does this work for daily compounding?
This calculator estimates the result from the values you enter. Adjust the assumptions to compare scenarios before making decisions.
Which number do banks advertise?
This calculator estimates the result from the values you enter. Adjust the assumptions to compare scenarios before making decisions.
Can I compare CDs with this?
This calculator estimates the result from the values you enter. Adjust the assumptions to compare scenarios before making decisions.