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

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Inputs

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Result

Primary answer and useful breakdowns.

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.

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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.