Interest Rate
Interest Rate Converter
Convert interest rates between daily, monthly, and annual periods
Converted Rates
Daily Rate
Interest charged or earned per day
Monthly Rate
Interest charged or earned per month
Annual Rate
Interest charged or earned per year
Additional Conversions
Weekly Rate
Quarterly Rate
Semi-Annual Rate
Effective Annual Rate (EAR)
What This Means
Simple Interest: Interest calculated only on the principal amount.
Compound Interest: Interest calculated on principal plus accumulated interest.
Effective Annual Rate (EAR): The actual annual rate accounting for compounding effects.