APR ↔ APY Converter
Convert nominal annual percentage rate to effective annual yield.
5%
APR (nominal)
5.1162%
APY (effective)
4.9896%
Continuous rate
About this tool
APR ignores intra-year compounding; APY accounts for it. Pick periods per year (daily=365, monthly=12, quarterly=4) and see the relationship — plus the continuous-compounding equivalent.