APY Calculator

Your details

Forward turns a nominal rate into APY. Reverse finds the nominal rate that produces a target APY.
The stated yearly interest rate before compounding is applied.
%
The amount you deposit now. Leave at 0 to see APY only.
How long the money stays invested at this yield.
yr
Currency
Annual percentage yield
5.116%
Yield boost vs. nominal0.116%
Final balance$10,511.62
Interest earned$511.62
Initial deposit10000
Interest earned$511.62

A 5% rate compounding monthly yields 5.116% APY.

  • Compounding adds 0.116 percentage points on top of the stated rate.
  • A 10,000 deposit grows to 10,511.62 over 1 year(s), earning 511.62 in interest.
  • Use APY, not the nominal rate, when comparing savings accounts and CDs side by side.

Next stepCompare this APY against other accounts to find the genuinely higher-yielding option.

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