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We built these tools because we believe financial clarity should be free and accessible to everyone.

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Understanding Financial Rates

Navigating the world of finance requires understanding the true cost of borrowing and the real return on investments. Terms like APY (Annual Percentage Yield) and APR (Annual Percentage Rate) are often used interchangeably, but they represent very different things.

Our suite of financial calculators helps you cut through the confusion. Whether you are opening a high-yield savings account, investing in a CD, or taking out a loan, knowing the difference between the advertised rate and the effective rate can save you money.

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What is APY?

APY stands for Annual Percentage Yield. It represents the real rate of return on your savings, taking into account the effect of compounding interest.

Learn more about APY

APY vs APR

While APR is the simple interest rate, APY includes compounding frequency. For borrowers, APR is usually lower; for savers, APY is higher.

Compare APY vs APR

Frequently Asked Questions

Common questions about interest rates and calculations.