Compound Interest Calculator
The power of compound interest is that the sooner you save and the more you save, the more money you’ll earn.
The power of compound interest is that the sooner you save and the more you save, the more money you’ll earn.
At its simplest, based on the savings term and interest rate you input, this calculator helps you understand the concept by estimating:
- Total savings you’ll have by saving a fixed amount per period
- Total interest you’ll earn.
By playing with the numbers to change your deposit amount or frequency, or to delay your savings start date, this calculate shows you:
- The effect of saving now compared to saving later
- The effect of saving X compared to Y
- The effect of making more regular deposits.
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Things you should know
- The values provided are estimates only, based on the inputted information.
- This calculator does not take into account specific factors.
- The calculator is not intended to be relied upon for the purposes of making a decision in relation to a financial product. Individuals should obtain professional financial advice before making any financial decision.
- Interest rates used are current reference rates and subject to change. Default figures and assumptions are also subject to change.
- Green Associates and its related companies specifically disclaims any liability (whether based in contract, tort, strict liability or otherwise) for any direct, indirect, incidental, consequential, or special damages arising out of or in any way connected with the access to or use of this calculator.
- Other than required by Consumer Protection Law, under no circumstances will Green Associates and its related companies be liable for any loss or damage caused by a user’s reliance on information obtained by using this calculator.
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