Interest Rate Converter
Convert rates between periods: daily ↔ monthly ↔ annual, nominal ↔ effective
%
e.g. 24% per year
Effective Annual Rate (EAR)
24,360%
real annual return accounting for compounding
Rate per period
Nominal / year
Effective / year
Day
0,059746%per day
22,000%
24,360%
Month
1,833%per mo.
22,000%
24,360%
Year
22,000%nominal
24,360%effective
How to Use
Select the rate period (day, month or year), enter the value and get a table of all equivalent rates.
For annual rates it is important to specify the type: nominal (APR) or effective (EAR).
Tip: saw '0.1% per day' in an ad — enter this value and immediately see how much it costs per year.