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%.