What this calculator shows you
- Multiple Types
- Simple or compound interest
- Flexible Compounding
- Daily, monthly, annual
- Contribution Options
- Add regular deposits
- Clear Results
- See interest breakdown
Types of Interest
Simple interest: calculated only on principal. Compound interest: calculated on principal plus accumulated interest. Compound interest grows faster, especially over long periods.
Questions people ask
What is APR vs APY?
APR (Annual Percentage Rate) does not account for compounding. APY (Annual Percentage Yield) includes compound interest. APY is always equal to or higher than APR for the same rate.
Education only, not personalized financial, tax or investment advice. Results are estimates based on the numbers you enter; real returns vary and losses happen.