Interest Rate Converter

Convert between annual, monthly and daily interest rates.

Interest Rate Converter

Interest rate

%

From

To

Uses the standard convention: 1 year = 12 months = 360 days.

Converted rate

0.5%

How to use

1Enter a rate and choose the unit it is expressed in.
2Read the equivalent annual, monthly and daily rates.

Examples

0.03% daily ≈ 10.8% annual: Based on 360 days per year.