Compare your statement to the annual rate, or find out the monthly rate from the annual rate.

Annual to monthly

Enter the Annual compound interest rate (AER for savings or APR for a loan) and the converter shows you the equivalent monthly compound interest rate.
In addition, it shows you what the annual rate would be if not compounded monthly.

Monthly to annual

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

Could you be reducing your interest by switching to a lower APR credit card? Why not check our lowest typical rate credit card table and apply for a lower rate?

Low standard rate APR credit cards