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APY Calculator

Convert a nominal rate (APR) into the effective annual yield (APY) for a compounding frequency.

Your details

APY (effective rate)
5.12%
Nominal rate
5.00%
APY (effective rate)5.12%

Formula

APY = (1 + nominal ÷ n)^n − 1, where n is the number of compounding periods per year.

Sources & methodology

Last updated: 2026-07-20

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