APY vs APR Converter
Convert between Annual Percentage Yield and Annual Percentage Rate.
APY Result
5.1162%
5.00% APR compounded monthly = 5.1162% APY
APY vs APR — What's the difference?
APR is the simple annual rate without compounding. APY includes compounding — earning interest on your interest. APY is always higher than APR for the same rate. Most DeFi protocols quote APY. Always compare APY to APY for fair comparisons.