APY to APR Calculator

Convert APY to APR or APR to APY for any compounding frequency. Useful for comparing offers quoted on different bases.

Convert APY to APR

Equivalent APR
4.8889%

Convert APR to APY

Equivalent APY
5.0639%

The conversion

APY = (1 + APR/n)^n − 1 | APR = n · ((1 + APY)^(1/n) − 1)

n is the number of compounding periods per year (12 monthly, 365 daily, etc.).

Worked example

A 5.00% APY compounded monthly equals an APR of about 4.889%. Conversely, a 5.00% APR compounded monthly equals an APY of about 5.116%.

Frequently asked questions

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