What do you want to find?

The yearly rate before compounding. Banks list it as the “interest rate”, sometimes called the “annual percentage rate”.

Your account disclosure states how often interest is compounded and credited.

Used to show the interest earned in a year. In Earnings mode this is your opening deposit.

APY (annual percentage yield)

4.081%

Equal to a 4% interest rate compounded daily

Interest rate (APR)

4%

APY

4.081%

APY minus interest rate

0.081 percentage points

Balance
$10,000
Interest in one year at 4.081% APY
$408.08
Interest in one year at 4% with no compounding
$400.00
Added by compounding
$8.08

A bank would state this APY as 4.08%: banks round the APY to the nearest 0.01 percentage point.

The same interest rate at every compounding frequency

CompoundingInterest rate (APR)APYInterest in 1 year
Daily4.000%4.081%$408.08
Weekly4.000%4.079%$407.95
Monthly4.000%4.074%$407.42
Quarterly4.000%4.060%$406.04
Semiannually4.000%4.040%$404.00
Annually4.000%4.000%$400.00
Continuously4.000%4.081%$408.11

APY Calculator by SureCalcs