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Your Friend, Philosopher and Guide to Achieve Your Dream Government Job

**Interest Rate Converter**

Annual Percentage Rate (APR) is the rate a bank offers on deposits and loans. However based on the compounding interest frequency
(i.e. annually, half-yearly, quarterly, monthly, daily and continuously), the effective rate varies. This effective rate is known as
Annual Percentage Yield (APY). Both APR and APY are calculated with varying compounding frequencies based on nominal interest rate.
Annual Percentage Yield (APY) or
APR to APY Calculator converts annual percentage rate to effective annual percentage yield (APY).
Annual Percentage Rate (APR) or
APY to APR Calculator
converts annual percentage yield (APY) to effective annual percentage rate (APR).