How interest is calculated can greatly affect your savings. The more often interest is compounded, or added to your account, the more you earn. This calculator demostrates how compounding can affect your savings, and how interest on your interest really adds up!
Definitions
| Investment Amount: | The amount of your initial investment. |
| Interest Rate: | The annual interest rate for your investment. |
| Years: | Number of years for this investment. |
| Yearly APR: | Annual percentage rate received if your investment is compounded yearly. |
| Quarterly APR: | Annual percentage rate received if your investment is compounded quarterly. |
| Monthly APR: | Annual percentage rate received if your investment is compounded monthly. |
| Daily APR: | Annual percentage rate received if your investment is compounded daily. |
information and interactive calculators are made available to you as self-help tools for your independent use. We can not and do not guarantee their accuracy or their applicability to your circumstances. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
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