A 12% APR with daily compounding is not 12% — it's 12.75%. Convert nominal rates into the effective APY your money actually grows at.
Advertised rates ignore compounding. APY shows the actual annual return.
Daily, weekly, monthly — see how much faster compounding works at higher cadences.
Use it to compare high-yield savings accounts or to price a loan's real cost.
All calculations run locally in your browser. Nothing is sent anywhere.
Compare rates on a level field.