APY Calculator
Calculate the Annual Percentage Yield and future value of your savings.
Annual Percentage Yield (APY)
5.12%
Final Balance
$12,833.59
Total Interest Earned
$2,833.59
Balance Growth Over Time
Understanding APY
This calculator demonstrates the difference between the simple interest rate (APR) and the actual annual return (APY) once compounding is factored in. The Annual Percentage Yield (APY) will always be higher than the APR when interest is compounded more than once a year.
The Final Balance and Total Interest Earned show the tangible results of this compounding effect over your selected term. The more frequent the compounding, the greater the difference and the faster your money grows.