Bank Discount YieldThe Bank Discount Yield is a method used by financial institutions when quoting prices for certain securities sold at a discount. The yield annualizes based on 360 day year and is presented as a percentage of the face value.
rbd = (D * 360) / (F * t)
- D is Dollar Discount
- F is Face value of the T-bill
- t is number of remaining Days to Maturity
- rbd is Bank Discount Yield
Effective Annual Yield
Back to Free Investment and Financial Calculator main page.
Back to Excel Add-Ins and Templates main page.