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All content on this website ("the Site") is the property of Spring Launch Media LLC. The collection and assembly of content on this Site are the exclusive property of Spring Launch Media LLC and are protected by copyright and other intellectual property laws. Credit union and bank data is publicly sourced from the U.S. government. None are affiliated with Asset Brief. assetbrief.com is an independent, advertising-supported publisher. We work hard to keep our information accurate and up to date, but do not guarantee accuracy of information. You may see different information when you visit a specific product’s site. assetbrief.com does not warrant or assume any legal liability or responsibility for the accuracy, completeness, or usefulness of any information disclosed. assetbrief.com does not assume any responsibility for any aspect of financial decisions taken based on the contents provided on this Site. When considering offers, please review all Terms and Conditions with the offering institution. Our content is not intended to provide investment advice. assetbrief.com is compensated through display advertising and offers from our partners. Many or all of the products features may be from our partners, and advertising may impact on where, how, and the order in which products appear on this Site. AssetBrief does not include all companies or all available products. However, this does not influence our editorial content or our advice, which are based on industry knowledge and many many hours of research. assetbrief.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.

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APY to APR Calculator

AssetBrief's APR calculator converts your annual percentage yield (APY) into an equivalent annual percentage rate (APR).
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%
How many times does the APY compound per year?
per year
APR
5.366%
Annual Percentage Rate
A 5.5% APY that compounds monthly is equivalent to an APR of 5.366%.
Compounding Frequency Number of Compounding Periods
Annually 1
Semi-Annually 2
Quarterly 4
Monthly 12
Weekly 52
Daily 365

How to use this calculator

Our APY to APR calculator will convert your annual percentage yield (APY) into an equivalent annual percentage rate (APR).

Simply enter the APY and the number of times the APY compounds in a year.

What is APY and APR?

APY and APR seem very similar, but are very different.

APR, or the annual percentage rate, is the annual interest rate paid on an investment, without taking into account the compounding of interest.

APY, or the annual percentage yield, does taking into account the compounding of interest.

This is a very subtle difference but makes a big impact on the return that you receive on an investment or the interest you pay on a credit card bill.

How are APR and APY calculated?

The formula for APR is:



The formula for APY is:

How big of a difference can there be between the APY and APR?

There can be a big difference depending on how often interest is compounded during the year.

Let’s take an example.

Example

A credit card company charges 2% interest per month. What is the APR and APY?

APR = Periodic rate x Number of periods in a year
= 2% x 12
= 24%

APY = (1 + Periodic rate) ^ Number of periods - 1
= (1 + 2%) ^ 12 - 1
= 26.8%

The difference between the APY and APR is 2.8%.

Asset Brief is an independent publisher focused on helping you improve your financial decisions. Some of the products featured may be from our partners. This does not influence our reviews, which are based on many hours of research.