How to use the aPY to APR calculator
- Type the Rate: the APY you were quoted, such as 5.
- Choose how often interest is compounded; savings accounts usually compound daily or monthly.
- Read the APR that gives that yield.
APY to APR at a glance
Monthly compounding:
| APY | APR |
|---|---|
| 2% | 1.982% |
| 4% | 3.928% |
| 5% | 4.889% |
| 10% | 9.569% |
The calculator shows the same conversion for daily, quarterly, half-yearly and yearly compounding too.