Decision Center

APR vs APY Calculator

Cost of borrowing vs return on saving.

APR is what a loan costs you; APY is what a deposit pays you. They compound differently, which is why the same 5% rate produces different numbers.

Option A

APR Calculator

Annualized cost of a loan including interest and lender fees, without compounding.

MortgagesAuto loansCredit-card comparisons

Typical user: Borrower comparing loan offers side by side.

Option B

Effective annual yield on a deposit accounting for compounding frequency.

High-yield savingsCDsMoney market accounts

Typical user: Saver picking between deposit accounts.

Borrowing money? Use APR. Depositing money? Use APY. Never compare an APR to an APY directly — they answer different questions.

How money grows with compounding over time.

Maturity value and interest on a fixed-rate US Certificate of Deposit.

Monthly deposit to hit a savings goal by a target date.