Inputs
Enter a starting balance, annual rate, compounding frequency and term.
Savings details
Compounding and term
How often interest is calculated and added to the balance. Annual means once a year, quarterly every three months, monthly once a month and daily every day. Continuous compounding assumes interest is added constantly. At the same nominal rate, more frequent compounding generally increases the amount earned or owed.
Growth breakdown
How does interest on interest build over time?
Separate interest earned on the original balance from the additional growth generated by compounding.
Inputs
Choose a starting balance and AER.