Savings Interest Calculator
Enter the amount, rate and term to see your net interest.
How compounding changes your return
With monthly compounding, interest after tax is added to the balance every month, so the next month's interest is calculated on a larger amount. The difference grows with longer terms and higher rates.
Taxes on interest
Many countries tax savings interest or withhold tax at source. Enter the rate that applies to you, or leave 0 for tax-free accounts.
This is an estimate: banks may calculate interest daily and use different compounding rules. Check your account terms.
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