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Effective annual yield
Convert a nominal annual rate to effective annual yield at a chosen compounding frequency. Estimate only; verify assumptions, fees and taxes.
Effective annual yield equals ((1 + nominal annual percentage ÷ 100 ÷ frequency)^frequency − 1) × 100%. A 12% nominal rate compounded monthly produces approximately 12.6825% effective annual yield.
How to use
- Enter your text, values, or image.
- Adjust the options and run the tool.
- Copy or download your result.
Worked example
Example input
Nominal annual rate (%): 12 Compounding periods per year: 12
Example result
{
"effectiveAnnualPercent": 12.6825030132
}Limitations and details
Compounding frequency must be a whole number from 1 to 1,000,000; the calculation excludes account fees and changing rates.
Inputs and options
- Nominal annual rate (%)
- Number · Minimum: -99 · Maximum: 10000
- Compounding periods per year
- Number · Minimum: 1 · Maximum: 1000000
Frequently asked questions
Is this tool free and private?
Yes. All 300 tools are free in this phase. Processing happens in your browser; your input and files are not sent to our servers.