APY (Annual Percentage Yield) is a measure of the total interest earned on an investment or deposit over a year, accounting for the effects of compounding. Unlike simple interest, APY considers how often interest is added to your balance, making it a more accurate way to understand potential earnings.
This APY Calculator helps you estimate the growth of your savings or investments over time. Enter your initial deposit, annual interest rate (APY), and how often the interest compounds. You can also add optional recurring deposits to see how regular contributions impact your total. The tool visualizes your principal and interest growth, allowing you to make informed financial decisions.