Interest Rate Converters

APR Converter

These 2 calculators will convert a monthly interest rate on a credit card statement to the annual APR and visa versa

Monthly to Annual

Enter the monthly interest rate and click calculate to show the equivalent Annual rate with the monthly interest compounded (AER or APR) and not compounded (e.g. if you withdrew the interest each month).

Monthly interest rate (%)
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%

Annual to Monthly

Enter the Annual compound interest rate (AER for savings or APR for a loan) click calculate to show the equivalent monthly compound interest rate and not compounded rate.

Annual Rate (% AER or APR)
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%