Try Calculators

Savings Calculator

Free savings calculator to convert apr and apy. Instant results in your browser — no signup.

Also known as: Convert APR and APY, apr to apy calculator, apy to apr, effective annual rate, Calculate simple interest, Project savings account growth, Calculate required monthly savings for goal, Forecast certificate of deposit growth

Direct calculator

Inputs

Results update when you click Convert Rate.

APY (effective)

5.116%

  • Input APR5.000%
  • Compounding periods12
  • Difference0.116%

Compare savings accounts

APY reflects compounding; use it to compare deposit products with different compounding schedules.

Ad · below results slot

Recently used

Tools you open will show up here on this device — with your last inputs when available.

What this result means

Free savings calculator to convert apr and apy. Instant results in your browser — no signup. APY = (1 + APR/n)^n − 1. APR = n × ((1 + APY)^(1/n) − 1).

Assumptions

  • Rule dependency: Universal formula / market assumptions.

APR ↔ APY

APY = (1 + APR/n)^n − 1. APR = n × ((1 + APY)^(1/n) − 1).

Example

5% APR compounded monthly ≈ 5.116% APY.

Frequently asked questions

Which rate do banks advertise?+

Savings often quote APY; loans often quote APR — compare like with like.