Effective Interest Rate Calculator
Nominal rate (APR) to effective annual rate (APY).
Runs entirely in your browser. Nothing is sent anywhere.
How it works
- 1Enter your values.
- 2See the result update instantly as you type.
- 3Change any value to compare scenarios.
About this tool
Effective Interest Rate Calculator: Nominal rate (APR) to effective annual rate (APY). Type your numbers and the result is calculated instantly — no button to press, nothing to install. All math runs locally in your browser, so the values you enter are never sent anywhere.
Example
| Input | |
|---|---|
| Nominal rate (% per year) | 6 |
| Compounding periods per year | 12 |
| Result | |
| Effective annual rate | 6.1678 % |
| Continuous compounding | 6.1837 % |
| Rate per period | 0.5 % |
How do I use the Effective Interest Rate Calculator?
Enter your values. See the result update instantly as you type. Change any value to compare scenarios.
Is the Effective Interest Rate Calculator free?
Yes. It is completely free with no sign-up, no usage limits and no watermark.
Is my data sent to a server?
No. Everything is calculated locally in your browser. Nothing you enter is uploaded, logged or stored.
Does it work on my phone?
Yes. It works in any modern browser on Android, iPhone, iPad, Windows, Mac and Linux — no app needed.