On this page is an *annual percentage yield to annual percentage rate *or *apy to apr calculator.*

Sometimes you have an **APY**, or *annual percentage yield*, and need to compare to an **APR**, or *annual percentage rate*. APR does *not* tell you the true cost of debt or a loan since it isn't compounded; one way to fairly compare two terms is to convert the APY into an APR for a direct comparison (although it's usually safer to convert APR to APY).

## APY to APR Calculator

**Table of Contents**show ▼

## Using the APY to APR Calculator

Here's what the tool needs to convert your annual yield or APY into an APR:

**Interest Rate/APY (%) -**The APY or the loan, investment, or other instrument with the compounded rate included.**Compounding Frequency**- Choose how often the investment compounds interest.

## APY to APR Output

When done, hit the "Compute APR" button to do the math. Here's the output:

**Annual Percentage Rate (APR) (%)**- The equivalent annual percentage rate, or APR, using your modeled assumptions.

## Comparing Like Quantities

APR and APY are tricky topics, and sometimes (hopefully not often!) banks confuse the two rates to obfuscate comparisons. While I prefer to look at things on an annual basis, it's also valid to compare things as APRs – just make sure you compare like to like, whichever you choose.

If you do want to go the other way, here's that tool plus a few additional tricky yield and fixed income calculators to boot: