APY Calculator
Find the annual percentage yield of a deposit rate for any compounding schedule.
APY
5.12%
Last updated:
FAQ
What does APY mean?
Annual percentage yield is the real return you earn in a year once compounding is included, making savings offers directly comparable.
Why is APY higher than the nominal rate?
Interest earned during the year itself earns interest, so the total return ends slightly above the headline rate.
Does compounding frequency matter much?
At typical savings rates the difference is a few hundredths of a percent, but it grows at higher rates.
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