Interest Rate Calculator | Nominal, APY & APR Converter
Convert between nominal annual percentage rate (APR) and effective annual percentage yield (APY) under variable compounding frequencies.
Effective Annual Percentage Yield (APY)
4.5940%
Equivalent to Nominal APR: 4.5% compounded monthly
Simulated Principal$10,000
1-Year Earnings$459
Maturity Balance$10,459
Interest Rate Details
Compounding Information
APR vs. APYAPR (Annual Percentage Rate) represents the simple interest over a year. APY (Annual Percentage Yield) represents the true rate of return or cost because it accounts for compound interest. The higher the compounding frequency, the higher the APY relative to its APR.
Equivalent Interest Rate Matrix
| Compounding Frequency | Equivalent Nominal APR | Periodic Interest Rate | Effective APY Yield | 1-Year Earnings on $10,000 |
|---|---|---|---|---|
| Annual (1/Year) | 4.5940% | 4.5940% | 4.5940% | $459 |
| Semi-Annual (2/Year) | 4.5424% | 2.2712% | 4.5940% | $459 |
| Quarterly (4/Year) | 4.5169% | 1.1292% | 4.5940% | $459 |
| Monthly (12/Year) | 4.5000% | 0.3750% | 4.5940% | $459 |
| Semi-Monthly (24/Year) | 4.4958% | 0.1873% | 4.5940% | $459 |
| Bi-Weekly (26/Year) | 4.4955% | 0.1729% | 4.5940% | $459 |
| Weekly (52/Year) | 4.4935% | 0.0864% | 4.5940% | $459 |
| Daily (365/Year) | 4.4919% | 0.0123% | 4.5940% | $459 |
| Continuous Compounding | 4.4916% | 4.4916% | 4.5940% | $459 |